Ms. Neha Tally reports

ST-GEORGES CLOSES THE SECOND & FINAL TRANCHE ITS FINANCING OFFERING FOR THE MANICOUAGAN CRITICAL MINERALS PROJECT

St-Georges Eco-Mining Corp. has closed a second and final tranche of its non-brokered private placement of 7,703,700 flow-through units at a price of 13.5 cents per unit for aggregate gross proceeds for this second tranche of $1,039,999.50.

The financing was arranged with two institutional investors that have supported the company's efforts to explore the Manicouagan project over the years. This cash injection will allow the company to finance a portion of the 2024 planned exploration campaign.

Each FT unit comprises one common share in the capital of the corporation on a flow-through basis and one FT share purchase warrant. Each FT warrant entitles the holder thereof to purchase one share at an exercise price of 17.5 cents per share until Dec. 21, 2025.

In the event the trading price of the shares of the corporation on the Canadian Securities Exchange reaches 25 cents on any single day, the corporation may accelerate the expiry date by issuing a notice to the holder. In such case, the expiry date shall be deemed to be the date specified in the notice.

In connection with the offering, the corporation paid a cash finder's fee of $62,400 and issued an aggregate of 462,222 compensation warrants to an arm's-length finder. Each compensation warrant entitles the holder thereof to acquire one common share in the capital of the corporation at a price of 17.5 cents for a two-year period from the closing date. All securities issued pursuant to the offering are subject to the applicable statutory hold period ending April 21, 2024. The offering is subject to the approval of the CSE.

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, the company'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.