Manicouagan Palladium Update & Iceland Resources EHF New CEO
Manicouagan Palladium Update & Iceland Resources EHF New CEO
-FOR IMMEDIATE RELEASE-
Montréal, August 13, 2020 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1)
is pleased to welcome Ms. Thordis Bj örk Sigurbjorns dottir as the new Chief Executive Officer of its
wholly own Icelandic subsid iary, Iceland Resources . She will be tasked with handl ing the major gold
exploration and drilling campaigns currently being deployed in the country. The Company is also pleased
to announce that it was able to secure two mining cl aims from two arms-length vendors that were
strategically located within the boundaries of the Manicouagan Palladium Project of the Company. One of
these claims is the site of one of the historical exploration camps. This area is one of the entry points for
airborne delivery of equipment to the pro ject and the site of a significant amount of historical diamond
drill holes, allowing the Company to further its access to operate additional 3D downhole geophysical
probing.
Iceland Resources New CEO
Ms. Sigurbjornsdottir holds an MBA from the University of Iceland and has over 20 ye ars of experience
in various managerial and executive positions within the country. She previously occupied a managerial
position with Air Iceland. Her role with Iceland Resources w ill most ly be to ha ndle governmental
relations, media interactions, and coordinate the different campaigns from an administrative angle.
Additional Ground for Manicouagan Palladium Project
The Company is also pleased to announce that it has agreed to acquire two mineral claims from two arms-
length vendors. These claims were land-locked within the other exploration licenses held by St-Georges.
The terms of the acquisition are the issuance of 600,000 common shares of St-Georges within 30 days of
the approval of the transaction, the payment of CA $10,000 under the same terms, a CA $10,000 payment
at the 6-month anniversary of the first payment, and the payment of an estimated additional CA$25,000 at
a later date. The agreement also calls for the signing of an NSR agreement within 30 days following the
acquisition. The NSR co vering these claims will be set at 1 .5%, of which 1% can be bought back for
CA$2,225,000 at any time at the Company’s discretion.
Fig. 1 map of the project with new claims identified (Gestim)
Fig. 2 map of the project with location of historical diamond drill holes (Gestim)
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 n ew technologies to solve some of the most common environmental prob lems in the mining industry.
The Company controls al l the active mineral tenures in Icel and. It also explores for nic kel on the Jul ie Nickel Project & the
Manicouagan Palladium Project on Q uebec’s North Shore . 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 Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy
of the contents of this release.