Mr. Ian Peres reports

EVSX PROVIDES UPDATE ON BATTERY PROCESSING LINE

St-Georges Eco-Mining Corp. and its wholly owned subsidiary, EVSX Corp., have provided an update on its battery processing plant located in Thorold, Ont.

"The progress over the last few months on our state-of-the-art battery processing plant has been extraordinary. We are now positioned to commence operations, which has been favourably met with significant new interest from various battery suppliers. The technical and mechanical modifications to our processing line and facility have resulted in meaningful efficiency gains.

"Higher-than-expected immediate processing demand led to the installation of an additional battery processing circuit, translating into a 25-per-cent increase in volume throughput and operational flexibility. Battery deliveries have been scheduled, and we are now ready to ramp up operations," stated Ian C. Peres, president and chief executive officer of EVSX.

The installation and commissioning included various minor technical and mechanical modifications to the company's multichemistry line (MC line) to improve processing efficacy, the activation of line motors and equipment, and inspections such as final electrical. The facility layout was updated to maximize staging areas for unprocessed batteries, black mass and recovered materials such as steel, aluminum and plastics. MC line adjustments now include greater capacity for electric vehicle batteries.

Given immediate processing demand, a new battery processing line circuit is in the final stages of installation, using components of the company's second line. This circuit is capable of processing various battery chemistries, results in a 25-per-cent improvement in volume throughput for the facility, has lower operating costs given its smaller scale, and can be run independently or concurrently with the MC line.

The MC line is state-of-the-art, highly automated and requires minimal labour to efficiently sort and recover critical battery metal elements, plastics, aluminum, steel and other materials used in battery manufacturing. The MC line can process any type of battery, such as alkaline, zinc carbon, nickel-cadmium, lithium-iron-phosphate (LiFePO4) and electric vehicle batteries.

About EVSX Corp.

EVSX operates a state-of-the-art multichemistry battery processing line, with capacity of 10,000 metric tonnes per year, that efficiently sorts and fully recovers critical battery metals, aluminum, steel, copper and other materials used in batteries and repurposes the materials downstream back into the supply chain with nothing to landfill. EVSX holds relevant regulatory permits and a three-year battery supply agreement with its primary supplier and is continually expanding its battery supply partners.

The EVSX plant is ideally situated in Thorold, Ont. (Niagara), within one of the most populated hubs for battery collection and is centrally located covering the largest automotive cluster in North America, including Ford, General Motors, Stellantis (formerly Fiat Chrysler Automobiles).

About St-Georges Eco-Mining Corp.

St-Georges develops new technologies and holds a diversified portfolio of assets and patent-pending intellectual property within several highly prospective subsidiaries, including: EVSX, a leading North American advanced battery processing and recycling initiative; St Georges Metallurgy, with metallurgical R&D (research and development) and related IP (intellectual property), including processing and recovering high-grade lithium from spodumene; Iceland Resources, with high-grade gold, silver exploration projects, including the flagship Thor gold asset; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects, including the Manicouagan and Julie nickel and palladium (CSM) projects on Quebec's North Shore and the Notre Dame niobium project in Lac Saint-Jean.

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