Update on Warrants Exercised

Update on Warrants Exercised

-FOR IMMEDIATE RELEASE-

Montréal, March 28, 2021 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1)

would like to disclose certain significant changes to its capital structure due to the exercise of common

share warrants.

As per end of day, Friday, March 26, the Company had received notice of exercise for all the outstanding

warrants for which the expiry date had been accelerated to April 5, 2021 , and for a significant quantity of

other warrants and options issued and outstanding.

The recently exercised accelerated warrants represented an additional treasury influx of $970,360 that

brings the total influx related to warrants exercised in the first quarter of 2021 to a total of $2,472,560.

The Company now has 201,153,590 shares issued and outstanding and 9,500,000 options collectively

representing $4,600,000 in unrealized value for the Company and a total of 28,985,676 common shares

warrants representing a total unrealized value for the Company of $15,845,3299.

The Company’s fully diluted share count is 239,639,266 common shares.

ON BEHALF OF THE BOARD OF DIRECTORS

"Neha E. Tally"

NEHA EDAH TALLY

Corporate Secretary

About St-Georges

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.

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.