St-Georges Files 2020 Audited Financial Statements

St-Georges Files 2020 Audited Financial Statements

-FOR IMMEDIATE RELEASE-

Montréal, July 16, 2021 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is

pleased to disclose that it has filed its 2020 Year End Audited Financial Statements on SEDAR. The

Financial Statements includes a restatement of 2019 Year End Audited Financial Statements.

The company has incurred losses of $14,096,033 for the year 2020 compared to losses of $2,892,869

(restated) for the year 2019.

All digital assets held by the Company’s subsidiaries have been written off to NIL.

The principal amount of £2,151,409 a fair value of $2,238,797 of the convertible loan receivable from

BWA has been written off. The Company recognized a loss on the change in fair value of the

convertible loan of $NIL.

On May 3, 2021, the British Columbia Securities Commission (the “BCSC”) approved a MCTO imposed

against the Chief Executive Officer, Mr. Herb Duerr and Chief Financial Officer, Mr. Richard Barnett, of

the Company precluding them from trading securities of the Company. The MCTO required the Annual

Financial Filings to be filed on or before July 2, 2021. On July 6, 2021, after review, the BCSC granted a

further extension for the filing of the Annual Financial Filings until July 15, 2021, as well as an extension

for the filing of the Company’s interim financial statements and corresponding management’s discussion

and analysis for the three -month period ended March 31, 2021, including the related CEO and CFO

certifications which must be filed before July 20, 2021.

The Company confirms that there is no other material information relating to its affairs that has not been

generally disclosed.

ON BEHALF OF THE BOARD OF DIRECTORS

“ Frank Dumas”

FRANCOIS (FRANK) DUMAS

Director &COO

A bout St-Georges

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.

St-Georges is developing new technologies 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 nickel & 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 symbol SX, on the US OTC under the Symbol SXOOF and on the

Frankfurt Stock Exchange under the symbol 85G1.