St. James GOLD Corp. Announces Appointment of Mr. Jiang (JAY) Yu as New Chairman, President and Director and Proposed $200,000 Strategic Investment
ST. JAMES GOLD CORP. ANNOUNCES APPOINTMENT OF MR. JIANG (JAY) YU
AS NEW CHAIRMAN, PRESIDENT AND DIRECTOR AND PROPOSED $200,000
STRATEGIC INVESTMENT
Vancouver, British Columbia, April 8, 2022 (GLOBE N EWSWIRE) -- St. James Gold Corp. (the
“Company”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce that effective
immediately, Mr. Jiang (Jay) Yu has been appointed as a director and Chairman of the board of the
Company. Mr. Yu has replaced Mr. George Drazenovic, who has resigned as a director but will continue
to act in his current capacity as the Chief Executi ve Officer of the Company. The Company is also
pleased to announce that effective immediately, Mr. Yu has been appointed as President of the Company.
Mr. Yu is a serial entrepreneur with over 16 years of capital markets experience on Wall Street. Mr. Yu’s
experience includes advising both private and publi c company executives and providing corporate
advisory services with respect to equity financings, mergers and acquisitions, structured financings, initial
public offerings and listings on recognized stock exchanges in North America. Mr. Yu previously worked
as an analyst as part of the Corporate & Investment Banking Division at Deutsche Bank on Wall Street in
New York City. Mr. Yu is an active philanthropist a nd the founder of a non-profit organization that
provides access to sports and education to underprivileged youth in New York City. In 2021, Mr. Yu was
a recipient of The Outstanding 50 Asian Americans in Business award. Mr. Yu holds a Bachelor of Arts
(Psychology) degree from the City College of New Yo rk and has also completed core courses at the
Borough of Manhattan Community College and Columbia University in the City of New York.
As stated by Jay Jiang Yu, Chairman of the Board & President of St. James Gold, “I am deeply
grateful for the opportunity to take a leading role in an emerging growth resource and precious metals
company. The momentum behind the growing spot gold price is a bullish sign for junior miners and
exploration companies and I believe that the Compan y’s current gold assets are well positioned for
tremendous future growth.”
Mr. Yu will not be considered independent under app licable securities laws given his appointment as
President, however, the Board remains comprised of a majority of independent directors. Mr. Yu will also
serve on the audit committee in place of Mr. Drazenovic. The audit committee remains comprised of three
directors, two of which are independent.
Furthermore, Mr. Yu intends to make a $200,000 stra tegic capital investment in the Company through a
private placement at prevailing market prices in the coming weeks. The investment serves to demonstrate
Mr. Yu’s confidence in the long-term growth of the Company and the value of its gold assets.
Jay Jiang Yu, Chairman & President of St. James Gol d further states that , “It is also with great
optimism that I intend to invest $200,000 into the company as I believe there is a significant value
opportunity here and the current market capitalizat ion does not reflect the real intrinsic value of th e
Company and its numerous gold assets. I believe my investment also underscores my unwavering
commitment, belief in the senior level management and long-term outlook in the gold mining sector.”
About St James Gold Corp.
St. James Gold Corp. is a publicly traded company listed on the TSX Venture Exchange under the trading
symbol “LORD”, in the U.S. Market listed on OTCQB u nder “LRDJF” and on the Frankfurt Stock
Exchange under “BVU3”. The Company is focused on cr eating shareholder value through the discovery
and development of economic mineral deposits by acq uiring prospective exploration projects with well-
delineated geological theories; integrating all available geological, geochemical, and geophysical datasets;
and financing efficient exploration programs. The C ompany currently holds: (i) 100-per-cent stake in 2 9
claims, covering 1,791 acres, in the Gander gold di strict in north-central Newfoundland located adjace nt
to New Found Gold Corp.’s Queensway North project; and (ii) a 100-per-cent stake in 9 claims and an
option to acquire a further 100-per-cent interest i n 19 claims, covering a total 1,730 acres, in centr al
Newfoundland located adjacent to Marathon Gold’s Va lentine Lake property; and (iii) an option to
acquire up to an 85-per-cent interest in the Florin Gold Project, covering nearly 22,000 contiguous ac res
in the historical Tintina gold belt in Yukon Territory, Canada.
For more corporate information please visit: http://stjamesgold.com/
St. James Gold Corp.
For further information, please contact:
George Drazenovic, Chief Executive Officer
Tel: 1 (800) 278-2152
Email: [email protected]
Forward Looking Statements
This news release contains forward-looking statemen ts and forward-looking information within the
meaning of Canadian securities laws (collectively, “forward-looking statements ”). Forward-looking
statements in this news release relate to, among ot her things: the proposed $200,000 private placement ,
the potential growth of the Company, and all other statements that are not historical facts, particula rly
statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions
or future events or performance of the Company. Oft en, but not always, forward-looking statements can
be identified through the use of words or phrases such as “will likely result”, “are expected to”, “expects”,
“will continue”, “is anticipated”, “anticipates”, “ believes”, “estimated”, “intends”, “plans”, “foreca st”,
“projection”, “strategy”, “objective” and “outlook” . Forward-looking statements contained in this news
release are made based on reasonable estimates and assumptions made by management of the Company at
the relevant time in light of its experience and pe rception of historical trends, current conditions a nd
expected future developments, as well as other fact ors that are believed to be appropriate and reasona ble
in the circumstances. Forward-looking statements co ntained in this news release are made as of the dat e
of this news release and the Company will not updat e any such forward-looking statements as a result o f
new information or if management’s beliefs, estimat es, assumptions or opinions change, except as
required by law. There can be no assurance that for ward-looking statements will prove to be accurate, as
actual results and future events could differ mater ially from those anticipated in such statements.
Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Forward-looking statements involve known and unknow n risks, uncertainties and other factors, many of
which are beyond the Company’s control, which could cause actual results, performance, achievements
and events to differ materially from those that are disclosed in or implied by such forward-looking
statements. Such risks and uncertainties include, b ut are not limited to, the impact and progression o f the
COVID-19 pandemic and other factors outlined in the Company’s Annual Information Form dated July
26, 2021 (the “ AIF ”) filed under the Company’s profile on SEDAR at ww w.sedar.com. The Company
cautions that the list of risk factors and uncertai nties described in its AIF on SEDAR are not exhaust ive
and other factors could materially affect its results.
New factors emerge from time to time, and it is not possible for the Company to consider all of them, or
assess the impact of each such factor or the extent to which any factor, or combination of factors, ma y
cause results to differ materially from those conta ined in any forward-looking statement. Any forward-
looking statements contained in this news release a re expressly qualified in their entirety by this
cautionary statement.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES O F THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY O R ACCURACY OF
THIS RELEASE.