$10 Million Dollars Securities Offering Financing

$10 million Securities Offering Financing

-FOR IMMEDIATE RELEASE-

Montréal, February 10, 2021 – St-Georges Eco -Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE:

85G1) is pleased to announce a non-brokered private placement offering of units at a price of $0. 50 and

“flow-through” units at a price of $0.60 as well for total gross proceeds of up to $10,000,000.

Each Unit is comprised of one (1) common share (each, a “ Share”) in the capital of the Co rporation and

one (1) Share purchase warrant (each, a “Unit Warrant”), entitling the holder to purchase one (1) Share

at an exercise price of $0.6 5 until first 18 months from the issuance and $1.05 for the 18 months

thereafter, together 36 months expiry period (the “Unit Warrant Expiry Date”).

Each FT Unit is comprised o f one (1) common share in the capital of the Company on a “flow-through”

basis (each, a “ FT Share”) and one (1) FT Share purchase warrant (each , a “ FT Warrant”). Each FT

Warrant entitles the holder thereof to purchase one (1) Share at an exercise price of $0.7 5 until first 18

months from the issue and $1.25 fo r the 18 months thereafter, together 36 months expiry period (the “FT

Warrant Expiry Date”, together with the Unite Warrant Expiry Date, the “Warrant Expiry Date”).

In the event that the trading price of the Shares on the Canadian Securities Exchange (the “CSE”) reaches

$0.95 per Share on any single day , the Corporation may, at its option, accelerate the Warrant Expiry

Date by delivery of notice to the registered holders (an “Acceleration Notice”) thereof and issuing a press

release (a “ Warrant Acceleration Press Release ”, and, in such case, the Warrant Expiry Date shall be

deemed to be 5:00 p.m. (Montreal time) on the 30th day following the later of (i) the date on which the

Acceleration Notice is sent to warrant holders, and (ii) the date of issuance of the Warrant Acceleration

Press Release.

The Corporation will use the flow through proceeds of the Offering to further advance the nickel ,

exploration at the Julie Nickel an d Manicouagan Palladium Project s in Québec. The cash compone nt of

the offering will be de ployed on the other initiative s of the Company and on general and administrative

expenses.

A finder's fee might be paid on the Offering, subject to the policies of the CSE.

The securities issued in connection with the Offering are subject to the applicable statutory four months

and one day hold period. Closing of the Offering might be done in tranches to accommodate institutional

investors and is anticipated to be on or about March 25 , 2021 , and is subject to receipt of applicable

regulatory approvals, including the approval of the CSE.

ON BEHALF OF THE BOARD OF DIRECTORS

"Frank Dumas"

FRANCOIS (FRANK) DUMAS

Director & COO

Error! Unknown document property name.

About St-Georges

St-Georges is dev eloping new technologies to solve some of the most c ommon environmental problems in the

mining industry. The Company controls all the active mineral tenures in Iceland. It also e xplores for nickel & PGEs

on the Julie Nickel Project and the Manicougan Palla dium Project on the Québec’s North Shore. Headquartered in

Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF

and on the Frankfurt Stock Exchange under the symbol 85G1

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the

adequacy or the accuracy of the contents of this release.