St George Mining Limited announced that it has secured key lithium exploration tenements adjoining its flagship Mt Alexander Project which will result in the Company having access to a larger area of the highly prospective pegmatite corridor and adjacent Copperfield Granite contact. The total payments made in connection with the acquisition of this new ground is $50,000 cash and 4,475,319 in fully paid ordinary shares of St George. A 1% net smelter royalty in regard to any minerals mined also attaches to E29/1143.

These payments are made to an unrelated party of the Company. The province around Mt Ida has emerged as a new lithium province following the significant high- grade lithium discovery by Red Dirt at its Mt Ida Project in September 2021. The Mt Alexander Project is located 120km south-west of the Agnew-Wiluna Belt, which hosts numerous world-class nickel deposits.

The Project comprises six granted exploration licences - E29/638, E29/548, E29/962, E29/954, E29/972 and E29/1041 - which are a contiguous package. An additional two exploration licences - E29/1093 and E29/1126 - are located to the south-east of the core tenement package. The Cathedrals, Stricklands, Investigators and Radar nickel-copper-cobalt-PGE discoveries are located on E29/638, which is held in joint venture by St George (75%) and IGO Limited (25%).

St George is the Manager of the Project, with IGO retaining a 25% non-contributing interest (in E29/638 only) until there is a decision to mine. The Jailbreak Lithium Prospect is on E29/268 and E29/962. With the exception of E29/638, all Project tenements are owned 100% by St George.