St. James GOLD Corp. (TSXV: LORD) Announces Appointment of Jaisun Garcha

ST. JAMES GOLD CORP. (TSXV: LORD) ANNOUNCES APPOINTMENT OF JAISUN

GARCHA

Not for distribution to U.S. news wire services or dissemination in the United States.

Vancouver, British Columbia, March 25, 2022 - St. J ames Gold Corp. (the “Company”)

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

has appointed Jaisun Garcha as the Chief Financial Officer of the Company, replacing Zijian

Wu. The board wishes to thank Mr. Wu for his valuable contribution to the Company.

Jaisun Garcha has over 20 years of experience in fi nancial management, corporate governance,

and risk management in both public and private comp anies, including high-growth and start-up

stage organizations. He has taken several companies public through IPOs and RTOs and has

been the CFO for multiple publicly traded companies in the last decade.

In addition, he has played a key role in several eq uity and debt financings totaling over $35

million and has successfully integrated the financial operations of numerous companies as part of

various mergers and acquisitions. He is a Chartered Professional Accountant (CPA, CGA) and

holds an MBA from Laurentian University and a Bachelor of Science degree from the University

of British Columbia.

The Company also announces that it has issued 25,00 0 stock options to Mr. Garcha to purchase

up to 25,000 common shares in the capital of the Co mpany. The options are exercisable for a

period of two years from grant with an exercise price of $0.85.

About St James Gold Corp.

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

the trading symbol “LORD”, in the U.S. Market liste d 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 econ omic mineral deposits by acquiring

prospective exploration projects with well-delineat ed geological theories; integrating all

available geological, geochemical, and geophysical datasets; and financing efficient exploration

programs. The Company currently holds: (i) 100-per- cent stake 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) a 100-per-cent stake in 9 claims and an option to

acquire a further 100-per-cent interest in 19 claim s, covering a total 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 Flo rin Gold Project, covering nearly 22,000

contiguous acres 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 (collective ly, “ forward-looking statements ”).

Forward-looking statements in this news release rel ate to, among other things: the issuance of

common shares pursuant to the exercise of options and all other statements that are not historical

facts, particularly statements that express, or inv olve 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 histor ical 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 b eliefs, 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 fu ture events could differ materially from those

anticipated in such statements. Accordingly, the re ader 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, whi ch could cause actual results,

performance, achievements and events to differ mate rially from those that are disclosed in or

implied by such forward-looking statements. Such ri sks 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 S EDAR 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 t he 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 O F THE TSX

VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE AD EQUACY OR

ACCURACY OF THIS RELEASE.