St. Augustine Annouces Results of Its Annual General Meeting

ST. AUGUSTINE ANNOUCES RESULTS OF ITS ANNUAL GENERAL MEETING

Singapore, November 25, 2020 – St. Augustine Gold and Copper Limited (TSX: SAU)

(“St. Augustine” or the “Company”) announced that the shareholders have approved

all resolutions brought before them at the Annual General Meeting of Shareholders held

on November 23, 2020.

The director-nominees listed in the Company’s 2020 management information circular

filed on SEDAR were elected as follows:

Name of Nominee Votes for Percentage Votes Withheld Percentage

Manuel Paolo A. Villar 343,849,846 99.96% 144,500 0.04%

Yolanda L. Coronel-

Armenta 343,849,846 99.96% 144,500 0.04%

Edsel M. Abrasaldo 343,849,846 99.96% 144,500 0.04%

Johnny C. Felizardo 343,849,846 99.96% 144,500 0.04%

Eugene T. Mateo 343,849,846 99.96% 144,500 0.04%

The shareholders also voted in favor of appointing Davidson and Company LLP as the

external auditor of St. Augustine until the next annual meeting at such remuneration as

may be determined by the Company’s directors. 99.99% of the votes cast supported the

appointment of the auditors.

The Kingking Copper-Gold Project

The Kingking Copper-Gold Project is located in Compostela Valley in the Philippines, and

is expected to recover 3.16B lbs. of copper and 5.43M oz. of gold over its 25-year mine

and process life. According to the Preliminary Feasibility Study that was released on

September 18, 2013, and then filed on www.sedar.com on November 1, 2013, the Project

has a pre-tax NPV of $2.0 billion with an IRR of 24.8%. The estimated mineral reserves

amount to 617.9 million tonnes at 0.300% total copper and 0.395 g/t gold.

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 involve

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 statements.

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 March 27, 2019, 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