St. James GOLD Corp. (TSX-V: LORD) Completes Soil Geochemistry Program to Extend the Footprint of the Jethro Fault Inferred Resource at the Florin Project, Yukon Territory, Canada

ST. JAMES GOLD CORP. (TSX-V: LORD) COMPLETES SOIL GEOCHEMISTRY PROGRAM

TO EXTEND THE FOOTPRINT OF THE JETHRO FAULT INFERRED RESOURCE AT THE

FLORIN PROJECT, YUKON TERRITORY, CANADA

Vancouver, British Columbia, October 12, 2021 - St. James Gold Corp. (the “Company”) (TSX-V:

LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce th at the Company that it has

completed a soil geochemical sampling program to demonstrate the potential for on -strike extensions of

the 2.47 million ounce Inferred Gold Resource (170,993,000 tonnes grading 0.45g/t Au with a 0.30g/t Au

cut-off) located on the Jethro Fault Z one at the Florin Project located in Mayo District, Yukon Territory,

Canada.

Two areas were sampled:

i) WNW of the Inferred Resource Area, 310 samples were taken at 50m intervals along 100m -

spaced, N-S striking grid lines, covering an overall area of 1.3km2;

ii) ESE of the Inferred Resource Area, 111 samples were taken at 50m intervals along 100m -

spaced, N-S striking grid lines covering an overall area of 0.6km2.

Figure 1: Location of 2021 season soil grids relative to both the Inferred Resource and the 2021 diamond drill hole collars

These areas were selected as the zones most likely to show extensions of the Florin intrusion which will

provide high probability targets for the drill campaign planned for the 2022 field season. Initial assay

results are expected before the end of October, 2021.

George Drazenovic, CEO of St. James Gold stated, “Along with the recently completed drill campaign,

the team at Florin succeeded in sampling areas around the existing inferred resource. The two areas

sampled straddle the expected on-strike extension of the existing inferred resource; and forthcoming assay

results are expected to provide encouraging targeting criteria for planning drill collars for the 2022 field

season.”

Figure 2: Location of Florin Gold Project area relative to other multi-million-ounce gold projects

Dr. Stewart Jackson, P Geo, senior technical advisor geologist, and a Qualified Person within the meaning

of National Instrument 43 -101 (Standards of Disclosure for Minerals Projects), has reviewed and

approved the technical and scientific information presented herein as accurate and has approved this news

release.

About St James Gold Corp.

St. James Gold Corp. is a publicly traded company listed on the TSXV under the tradi ng symbol

“LORD”, in the U.S. Market listed on the OTCQB under the trading symbol “LRDJF” and on the

Frankfurt Stock Exchange under the trading symbol “BVU3”. The Company is focused on creating

shareholder value through the discovery and development of eco nomic 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 hol ds both 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 cover ing 1,730 acres in central

Newfoundland adjacent to Marathon Gold’s Valentine Lake property. The Company also announced an

Option and Joint Venture Agreement dated April 1, 2021, as amended, to acquire up to an 85% interest in

the Florin Gold Project, cove ring nearly 22,000 contiguous acres in the historic Tintina Gold Belt in the

Yukon Territory. 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 statements and for ward-looking information within the

meaning of Canadian securities laws (collectively, “ forward-looking statements ”). Forward -looking

statements in this news release relate to, among other things: the issuance of common shares pursuant to

the exercise of o ptions and all other statements that are not historical facts, particularly statements that

express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events

or performance of the Company. Often, 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”, “forecast”,

“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 perc eption of historical trends, current conditions and

expected future developments, as well as other factors that are believed to be appropriate and reasonable

in the circumstances. Forward -looking statements contained in this news release are made as of the date

of this news release and the Company will not update any such forward -looking statements as a result of

new information or if management’s beliefs, estimates, assumptions or opinions change, except as

required by law. There can be no assurance that f orward-looking statements will prove to be accurate, as

actual results and future events could differ materially 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 unknown 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 discl osed in or implied by such forward -looking

statements. Such risks and uncertainties include, but are not limited to, the impact and progression of 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 www.sedar.com. The Company

cautions that the list of risk factors and uncertainties described in its AIF on SEDAR are not exhaustive

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, may

cause results to differ materially from those contained in any forward -looking statement. Any forward -

looking statements contai ned in this news release are 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 OF THE TSX VENTURE

EXCHANGE) ACCEPTS RESPONSIBI LITY FOR THE ADEQUACY OR ACCURACY OF

THIS RELEASE.