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LORD.V ·

St. James GOLD Corp. (TSX-V: LORD) Strengthens Management Team with Appointment of Sean Tufford as Director of Business Development

Management Changes

ST. JAMES GOLD CORP. (TSX-V: LORD) STRENGTHENS MANAGEMENT TEAM

WITH APPOINTMENT OF SEAN TUFFORD AS DIRECTOR OF BUSINESS

DEVELOPMENT

Vancouver, British Columbia, Jan. 21, 2022 (GLOBE NEWSWIRE) -- St. James Gold Corp.

(the “Company”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce

that Sean Tufford has joined the company as the Director of Business Development. This

appointment is a crucial step for the leadership and the continued growth of the Company.

Mr. Tufford of Halifax, Nova Scotia, has many years of experience in the investor relations and

capital markets realm with strong personal connections to the international financial community.

He has previously assisted several junior and development staged mineral resource companies in

Canada, USA, and Mexico, including Canadian Metals, GoGold Resources, Brigus Gold , and he

can call upon his team and wealth of experience in marketing, strategic partnerships, business

development, raising capital, and mergers and acquisitions.

As stated by George Drazenovic, CEO, St. James Gold , “It is my pleasure to welcome Mr.

Tufford to St. James Gold. His addition is an important step in expanding our leadership team and

enhancing our market presence. Sean’s vast personal and business networks throughout North

America and abroad, and proven business development pedigree in the gold sector will help further

establish St. James Gold as a premiere entity in the junior 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 under “LRDJF” and on the

Frankfurt Stock Exchange under “BVU3”. The Company is 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 financ ing efficient exploration programs. The

Company currently holds: (i) an option to acquire a 100 -per-cent interest in 29 claims, covering

1,791 acres, in the Gander gold district in north -central Newfoundland located adjacent to New

Found Gold Corp.’s Queensway North project; and (ii) an option to acquire a 100-per-cent interest

in 28 claims, covering 1,730 acres, in central Newfoundland located adjacent to Marathon Gold’s

Valentine 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 acres in the historical Tintina gold belt in Yukon.

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

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 forwar d-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 growth of the Company

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 perception 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 forward-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 ri sks, 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, 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 contained 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 RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY

OF THIS RELEASE.