St. James GOLD Corp. (TSXV: LORD) Provides Corporate Update
ST. JAMES GOLD CORP. (TSXV: LORD) PROVIDES CORPORATE UPDATE
Vancouver, British Columbia, March 22, 2023 -- St. James Gold Corp. (the “Company”)
(TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to provide a corporate update and
outlook for 2023.
While 2022 has proven a difficult year for many aro und the world, the completion of our
acquisition of 29 claims in the Grub Line property, encompassing 725 hectares, and acquisition of
and 33% interest on 28 claims for the Quinn Lake pr operty represents an important step on our
journey to an increased presence in the Newfoundlan d area and allows us to further maximize
shareholder value. Additionally, the recent activity within this area signifies that we are optimally
positioned in Newfoundland and these acquisitions f urther underlines the Company’s belief that
there is more to come from the project.
With that said, St. James Gold will continue its endeavor to create shareholder value by unlocking
our Newfoundland assets as well as seek other addit ional opportunities to enhance shareholder
value.
“Coming into the role of Chairman and now CEO, my f ocus is to create a base of growth for the
future. I have invested substantial funds of my own at much higher prices than the current market
price and will continue to invest into the company in coming months. Moreover, the tireless efforts
of our management team to identify and pursue a viable business strategy, as well as set ambitious
milestones, has put us in an optimal position for t he upcoming year. The Board and I are laser
focused on executing these milestones in the very near-term future”, stated Jiang Yu, Chairman &
CEO of St. James Gold Corp.
About St James Gold Corp.
St. James Gold is a publicly traded company listed on the TSX Venture Exchange under the trading
symbol LORD, in the U.S. market listed on OTCQB und er LRDJF and on the Frankfurt Stock
Exchange under BVU3. The company is focused on crea ting shareholder value through the
discovery and development of economic mineral depos its by acquiring prospective exploration
projects with well-delineated geological theories; integrating all available geological, geochemical
and geophysical data sets; and financing efficient exploration programs. The company currently
holds: (i) 100-per-cent stake in 29 claims, coverin g 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 nine claims and an option to acquire a further 100-per-cent
interest in 19 claims, covering a total 1,730 acres , in central Newfoundland located adjacent to
Marathon Gold's Valentine Lake property.
For more corporate information please visit: http://stjamesgold.com/
St. James Gold Corp.
For further information, please contact:
Jiang Yu, 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 other things: the TSX Venture Exchange’s
approval for the Company to complete the Offering on the proposed terms as described herein, the
completion of the Offering, and all other statement s 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 us e of words or phrases such as “will likely
result”, “are expected to”, “expects”, “will contin ue”, “is anticipated”, “anticipates”, “believes”,
“estimated”, “intends”, “plans”, “forecast”, “proje ction”, “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 a t the relevant time in light of its
experience and perception of historical trends, cur rent conditions and expected future
developments, as well as other factors that are bel ieved 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 updat e 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 caution ed 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 t hose 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 fro m 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 O R ACCURACY
OF THIS RELEASE.