Kings of The North Redux -FOR IMMEDIATE RELEASE-

Kings of The North Redux

-FOR IMMEDIATE RELEASE-

Montréal, August 21, 2020 – St-Georges Eco -Mining Corp. (CSE: SX) (OTC: SXOOF)

(FSE: 85G1) announces that the Company has entered into a conditional binding agreement with

BWA Group Plc of London to acquire all the outstanding shares of King of the North (KOTN),

sold by St-Georges to BWA in September 2019.

At the time of the transaction in 2019 , St-Georges h eld 50.18% of KOTN. The proposed

transaction with BWA and subsequently with the third-party arm-length other holders of the

BWA securities will make St -Georges 100% owners of KOTN, that will be , once a gain, a

wholly-owned subsidiary.

KOTN was acquired from St -Georges and other related parties by BWA in October 2019 fo r a

consideration of £4.66 million. Unfortunately, primarily arising from the impact of the COVID -

19 restrictions, it has proved im possible to manage and effectively develop the investment in

KOTN from the UK.

As a result, it has been agreed between th e parties that St-Georges and the related parties to the

original transaction will acquire the BWA’s 100 per cent interest in KOTN by mean s of the

cancellation of unconverted element s of the Convertible Unsecured Loan Notes issued as the

original purchase consideration, amounting to a total o f £4.3 million , of which £2,281,580 is

coming from St-Georges. In addition, St-Georges will issue 1,500,000 common shares in favor

of BWA. These shares will be subject to a standard 4 months regulatory hol d. After closing the

transaction, St-Georges is expected to retain its equity interest in BWA , amounting to

approximately 21%.

The transact ion is conditional to St-Georges and BWA ’s ability to enter into a separate

agreement with the related third parties that were part of the 2019 transaction.

The parties expect this transaction will be completed by August 31, 2020. Further information

will be disclosed in the coming weeks.

Vilhjalmur Thor Vilhjalmsson , President and CE O of St -Georges, comment ed, “(…) It is

unfortunate that BWA Group has been restricted in its efforts to develop these assets due to the

impact of the pandemic on their opera tions. (…) We wish them all the best in the new direction

they are ta king, and we will be a supportive shareholder in their future successes (…) we will

review the strategy and work program of these a ssets and divulge our intentions in a follow-up

press release in the coming days(…).”

The Company expects to disseminate a press release pertaining to its surface work campaign on the

Iceland Thor Gold Project before common share transactions resume on the CSE.

ON BEHALF OF THE BOARD OF DIRECTORS

“Vilhjalmur T. Vilhjalmsson”

VILHJALMUR THOR VILHJALMSSON

President & CEO

About St-Georges Eco-Mining Corp.

St-Georges is developing new technologies to solve som e of the most common environmental prob lems in the mining industry.

The Company controls al l the active mineral te nures in Icel and. It also explores for nic kel on the Ju lie Nickel Project & the

Manicouagan Palladium Project on Quebec ’s North Shor e. Headquartered in Mont real, 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 Excha nge (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy

of the contents of this release.