Ms. Neha Tally reports

ST-GEORGES CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

St-Georges Eco-Mining Corp. has closed a $396,000 first tranche of a non-brokered private placement with one institutional placee.

The maximum offering could be up to 6,666,667 flow-through units at a price of 18 cents per FT unit for aggregate gross proceeds of up to $1.2-million. Under the first tranche, the corporation issued 2.2 million FT units.

Each FT unit consists of one common share in the capital of the corporation issued on a flow-through basis and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of 30 cents until the date that is 36 months from the issuance date. In the event that the trading price of the common shares of St-Georges on the Canadian Securities Exchange reaches 50 cents on any single day, the corporation may accelerate the expiry date by issuing a news release. In such case, the expiry date shall be deemed to be the date specified in the acceleration news release.

In connection with the first tranche, the corporation paid cash finders' fees of $23,760 and issued an aggregate of 132,000 compensation warrants to eligible finders. Each compensation warrant entitles the holder thereof to acquire one common share in the capital of the corporation at a price of 30 cents for a 36-month period from the issuance date.

St-Georges will use the proceeds of the offering to incur exploration expenditures on the corporation's critical and strategic minerals exploration projects. The offering will prioritize the institutional investors who participated in prior financing efforts.

All securities issued in connection with the offering are subject to a statutory hold period of four months and a day in accordance with applicable securities laws.

About St-Georges Eco-Mining Corp.

St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full-circle battery recycling. The company explores for nickel and PGEs (platinum group elements) on the Manicouagan and Julie projects on Quebec's North Shore and has multiple exploration projects in Iceland, including the Thor gold project. Headquartered in Montreal, St-Georges's stock is listed on the CSE under the symbol SX, and trades on the Frankfurt Stock Exchange under the symbol 85G1 and as SXOOF on the OTCQB Venture Market for early-stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process.