St. James Gold Cancels Agreement with Investor Awareness Company

St. James Gold Cancels Agreement with Investor Awareness Company

VANCOUVER, British Columbia, February 5, 2021 – St. James Gold Corp. (TSX – V: LORD) (OTC: LRDJF)

(the "Company") is issuing this news release to provide an update on its agreement with Dig M edia Inc.

dba Investing News Network (INN) which was previously announced on February 4, 2021.

After reconsideration, the Company has decided not to proceed with the advertising and investor

awareness campaign with Dig Media Inc.

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 .