Mr. Mark Billings reports

ST-GEORGES PROVIDES UPDATE REGARDING CREDITOR PROCEEDINGS INVOLVING EVSX CORP.

St-Georges Eco-Mining Corp.'s wholly owned subsidiary, EVSX Corp., has been served with an application commenced in the Ontario Superior Court of Justice by a group of investors seeking, among other things, the appointment of a receiver over the assets and undertaking of EVSX. The proceeding is scheduled to be heard on Sept. 10, 2026.

The company and EVSX are currently reviewing the materials with legal counsel and intend to vigorously oppose the relief sought. The company believes that a court-appointed receivership is neither necessary nor in the best interests of EVSX, its stakeholders, customers, employees, creditors or shareholders.

While the company does not intend to litigate the merits of the application through a news release, it notes that many of the allegations contained in the application remain unproved and are disputed. The company intend to place its evidence before the court at the appropriate time.

The company further advises that EVSX's continuing restructuring and financing initiatives continue to advance. Management has been actively engaged in efforts to strengthen EVSX's capital structure, reduce liabilities, preserve key operating assets and support the continued ramp-up of its battery processing operations. The company remains confident that these initiatives offer a better path forward for stakeholders than the appointment of a receiver.

EVSX remains a strategically important asset within the company's battery recycling and critical mineral platform. Management continues to evaluate financing, strategic partnership and operational alternatives designed to maximize long-term value.

The company will continue to comply with its continuous disclosure obligations and will provide further updates as developments warrant.

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 battery processing initiative; St-Georges Metallurgy, with metallurgical research and development and related intellectual property, including processing and recovering high-grade lithium from spodumene; Iceland Resources, with high-grade gold exploration projects including the Thor project; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects including the Manicouagan and Julie nickel, copper and platinum group element critical mineral projects on Quebec's North Shore, and Notre-Dame niobium project in Lac St-Jean.

We seek Safe Harbor.