Closing of First Tranche of Offering

St-Georges Closes First Tranche of Offering

-FOR IMMEDIATE RELEASE-

Montréal, November 1 9, 20 20 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is

pleased to announce that, further to its November 17, 2020 press release, it has closed a first tranche of 11,500,000

“flow-through” Shares at $0.10 per FT Share, and 200,000 units at a price of $0.10 per U nit of its non-brokered

private placement for aggregate gross proceeds of $1,170,000.

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 $0.185 until November 19, 2022 (the “Warrant Expiry Date”).

In the event that, during the period of 4 months following the closing date of the Offering, the trading price of the

Shares on the Canadian Securities Exchange (the “ CSE”) reach es $0.45 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 Relea se”, 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 proceeds of the Offering to further advance the nickel extraction technology,

exploration at the Julie Nickel and Manicouagan Palladium Project in Québec, and to initiate the definition of a

maiden gold resource estimate at the Thor Gold project in the suburbs of Reykjavik, Iceland.

The Corporation paid finder fee of $69,000 in cash and issued 690,000 non-transferable Finder’s warrants entitling

the holder thereof to purchase one (1) Share at an exercise price of $0.20 per Share until the Warrant Expiry Date.

All securities issued pursuant to this tranche of the Offering are subject to the applicable statutory hold period

ending March 20, 2021. The Offering is subject to the approval of the CSE.

St-Georges Management expect s to complete its review and cur ing of the remaining subscriptions that have been

received within the next few days. Including the amount disclose d in th is first tranche, the t otal amoun t of

subscriptions received and being under review i s of $1,870,000. Mana gement will not be accepting any additional

participation request.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANCOIS (FRANK) DUMAS

CHIEF OPERATING OFFICER, DIRECTOR.

About St-Georges

St-Georges is developing new t echnologies to solve some of the most common environmental problems in the

mining industry. The Company controls all the active mineral tenures in Iceland. It also explores for nick el & PGEs

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

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

and on the Frankfurt Stock Exchange under the symbol 85G1

The Canadian Securitie s Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or

the accuracy of the contents of this release.