St. Augustine Annouces Engagement of Chief Operating Officer

ST. AUGUSTINE ANNOUCES ENGAGEMENT OF CHIEF OPERATING OFFICER

Singapore, 10 May 2024 – St. Augustine Gold and Copper Limited (TSX: SAU) (“St.

Augustine” or the “Company”) announced that its Board of Directors approved in a

meeting called for the purpose the engagement of MR. MICHAEL G. REGINO as Chief

Operating Officer of the Company.

Mr. Regino is a business executive with over thirty five ( 35) years of extensive

managerial experience in construction, real estate development and mining. Since

2014, Mr. Regino served as officer of mining companies, including as Managing

Director of mining company TVI Resource Development (Phils.), Inc. and a board

director of Philex Mining Corporation, a listed company in the Philippine Stock

Exchange. He was formerly the Executive Vice President of the Company, but

resigned from the Company in 2016, having been appointed to the Government,

initially as Commissioner of the Social Security System (SSS) and then its

President. Having finished his term with t he SSS, he now returned to the provide

his invaluable expertise to the Company to assist in advancing the Company’s

Kingking Copper-Gold Project.

About St. Augustine

St. Augustine (SAU.T) is a TSX -listed mining company focused on the

development of the King -king Copper -Gold Project. The Project is one of the

largest undeveloped copper-gold deposits in the world and is listed as a top three-

priority mining project by the Philippine government.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This announcement includes certain "forward -looking statements" within the meaning of

Canadian securities legislation. All statements, other than statements of historical fact

included herein are forward -looking statements. Forward -looking statements invo lve

various risks and uncertainties and are based on certain factors and assumptions. There

can be no assurance that such statements will prove to be accurate, and actual results

and future events could differ materially from those anticipated in such stat ements.

Important factors that could cause actual results to differ materially from the Company's

expectations include uncertainties related to fluctuations in gold, copper and other

commodity prices and currency exchange rates; uncertainties relating to interpretation of

drill results and the geology, continuity and grade of mineral deposits; uncertainties

relating to the completion of a bankable feasibility study; uncertainty of estimates of capital

and operating costs, recovery rates production estimates and estimated economic return;

the need for cooperation of the Company's joint venture partner and government agencies

in the development of the Company's mineral projects; the need to obtain further permits

and additional financing to develop the Company's mineral projects; the possibility of delay

in development programs or in construction projects and uncertainty of meeting

anticipated program milestones for the Company's mineral projects; and other risks and

uncertainties disclosed under the heading "Risk Factors" in the Annual Information Form

dated April 02, 2024, and filed with Canadian securities regulatory authorities on the

SEDAR website at www.sedar.com.

For more Information:

Lenna Mae Leopoldo

Investor and Public Relations Contact

ST. AUGUSTINE CORPORATE

HEADQUARTERS

T: +6382 225 0884 No. 21, Greenwood Lane,

E: [email protected] Singapore, 286949