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St. Augustine Gold & Copper Limited announces change of auditors

Regulatory & Compliance

St. Augustine Gold & Copper Limited announces change of auditors

Spokane, Washington, April 12, 2012 – St. Augustine Gold & Copper Limited (TSX:SAU) ("St. Augustine" or the "Company") announced that the Company has had a change of auditors to Ernst & Young LLP from MNP LLP, effective March 28, 2012.

A Notice of Change of Auditor together with letters from the former auditor and the successor auditor have been filed on Sedar.

For Further Information Please Contact:

CHF Investor Relations:

Jeremy Hill Jeanny So Associate Account Manager Director of Operations T: 416 868-1079 ext. 238 T: 416-868-1079 ext. 225 E: [email protected] E: [email protected]