St. James Gold Grants Stock Options

VANCOUVER, British Columbia, February 12, 2021 – St. James Gold Corp. (TSX – V: LORD) (OTC: LRDJF) (the "Company") is pleased to announce that it has granted a total of 251,000 stock options to its directors and consultants. The options were granted at a price of $1.42 per share and are exercisable for a period of two (2) years from the date of grant.

The options are subject to an Exchange Hold Period. The securities to be issued will be subject to a hold period of four months under the rules of the TSX Venture Exchange and applicable securities laws.

About St. James Gold Corp.

St. James Gold Corp. is a publicly traded company listed on the TSX Venture Exchange focused on creating shareholder value through the discovery and development of economic mineral deposits by acquiring prospective exploration projects with well delineated geological theories, integrating all available geological, geochemical and geophysical datasets, and funding efficient exploration programs. The Company currently holds an option to acquire a 100% interest in 29 claims covering 1,791 acres in the Gander gold district in north-central Newfoundland adjacent to New Found Gold Corp.’s Queensway North project.

George Drazenovic, CPA, CGA, MBA, CFA CEO

St. James Gold Corp.

For further information, please contact:

George Drazenovic, Chief Executive Officer Tel: 1 (800) 278-2152 Email: [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.