St. James Gold Grants Options

Vancouver, British Columbia—December 8, 2020 – St. James Gold Corp. (TSXV: LORD) (the “Company”) is pleased to announce that it has granted a total of 470,712 stock options to its directors, officers and consultants. The options were granted at a price of $0.36 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.

For more information, please contact:

George Drazenovic

Phone: 1 (800) 278-2152 Email: [email protected]

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