St. James GOLD Corp. (TSX -V: LORD) Closes Fully Subscribed $849,996 Private Placement

ST. JAMES GOLD CORP. (TSX -V: LORD) CLOSES FULLY SUBSCRIBED $849,996

PRIVATE PLACEMENT

Vancouver, British Columbia - St. James Gold Corp. (“St James” or the

“Company”)(TSX Venture: LORD)(OTCQB:LRDJF) is pleased to announced that it has

closed the previously announced non -brokered private placement (the “Private Placement”)

and has issued 590,264 units (“Units”) at a price of $1.44 per unit for gross proceeds of

$849,980. Each unit will comprise one co mmon share (a “Share”) and one common share

purchase warrant, with each warrant entitling the holder to purchase one additional common

share at $2.50 per share for a period of two years from the date of issue.

In conjunction with the Company’s recently com pleted non-brokered private placement at

$0.67 per unit in January 2021, financings and exercise of warrants in the past two months

have added in excess of $1,200,000 to the Company’s treasury.

As stated by George Drazenovic, CEO of St. James, “I would like to thank all new and existing

shareholders for their continued support as we move the Company forward. Closure of this

round of financing has placed St. James in a very favourable financial position to further

explore and develop our current gold assets in Newfoundland. Concurrently, we intend to

leverage our strong Balance Sheet to further identify high impact, undervalued gold

exploration assets in North America.”

All securities issued in connection with the offering will be subject to a four-month statutory

hold period plus a day from the Closing Date in accordance with applicable securities

legislation.

The proceeds of the offering will used to conduct exploration work on the company's

Newfoundland properties, general corporate and worki ng capital purposes, and to conduct

due diligence on additional potential gold asset acquisitions

Historic information on the Grub Line Quinn Lake projects, notably in regard to historical

exploration, adjacent companies and recent discoveries, and governm ental geological

compilations, provides an indication of the potential of the project, but may not be

representative of expected results.

Dr. Stewart Jackson, PGeo, senior technical adviser geologist, a qualified person within the

meaning of National Inst rument 43-101 (Standards of Disclosure for Minerals Projects), has

reviewed and approved the technical and scientific information presented herein as accurate

and approved this news release.

About St James Gold Corp.

St. James Gold Corp. is a publicly traded company listed on the TSX Venture Exchange under

the ticker "LORD". The company is focused on creating shareholder value through the

discovery and development of economic mineral deposits by acquiring prospective exploration

projects with well delineate d 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, and an option to acquire a 100% interest in 28 claims

covering 1,730 acres in central Newfoundland adjacent to Marathon Gold's Valentine Lake

property. For more corporate information please visit: http://stjamesgold.com/

We seek Safe Harbor.