Closing of Securities Offering

Closing of Securities Offering

-FOR IMMEDIATE RELEASE-

Montréal, February 5 , 2021 – St-Georges Eco -Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE:

85G1) is pleased to announce that it has closed a non-brokered private placement of 1,428,571 units at a

price of $0.14 per Unit, for an aggregate gross proceeds of $200,000.

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 “Warrant”), entitling the holder to purchase one (1) Share at an

exercise price of $0.21 per Share until the earlier of: (i) February 5, 2023; and (ii) the date specified by

the Corporation that is no less than 30 days after t he Corporation disseminates a news release providing

notice that the trading price of the Shares on the Canadian Securities Exchange (the “CSE”), or such other

exchange on which the Shares may be listed, has reached $1.21 per Share on any single day.

The C orporation will use the proceeds to c omplete the research on the battery recycling and metal

processing process.

An insider of the Corporation sub scribed for the 1,428,571 Units under the Offering, which is a “related

party transaction” within the meaning of Multilateral Instrument 61 -101 - Protection of Minority Security

Holders in Special Transactions (“MI 61 -101”). The issuances to the insider are exempt from the

valuation requirement of MI 61 -101 by virtue of the exemption contained in se ction 5.5(b) as the

Corporation’s shares are not l isted on a specified market and from the min ority shareholder approval

requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the

fair market value of the consideration of the securities issued to the related party did not exceed 25% of

the Corporation's market capitalization. The Corporation did not file a material change report more than

21 days before the expected closing of the Offering as the details of the Of fering and the participation

therein by related parties of the Corporation were not settled until shortly prior to closing , and the

Corporation wished to close on an expedited basis for sound business reasons.

All securities issued pursuant to this tranche of the Offering are subject to the applicable s tatutory hold

period ending June 6, 2021. The Offering is subject to the approval of the CSE.

ON BEHALF OF THE BOARD OF DIRECTORS

"Frank Dumas"

FRANCOIS (FRANK) DUMAS

COO

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.