Vancouver, British Columbia - St. James Gold Corp. (the 'Company' or 'St. James') (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce that it has received access to diamond drill core, drill logs and assay data from previous drill campaigns at the Florin Project located 60 km northwest of Mayo, Yukon Territory, Canada which is host to the Florin Inferred Gold Resource of 2,474,000 oz gold contained in 170,993,000 tonnes grading 0.45 g/t with a cut-off of 0.30g/t1 (the 'Florin Inferred Resource').

Highlights of Assay Data

A new Zone, delineated by St James 2021 work, several hundred metres outside of the existing Florin Inferred Resource with a geochemical and geophysical footprint of approximately 2 km x 1 km, larger by 3x than the geochemical footprint of the existing Florin Inferred Resource.

Five previously unreported, 2003-2004 diamond drill holes and assays from this area have recently been recovered, and results will be released when verified

Data for many additional holes is expected to be recovered, and cores will be re-logged and assayed given the more than 500% increase in gold price since 2003.

St. James has received access to the laboratory assay certificates and the drill core pertaining to several core holes drilled in 2003-2004. Details are anticipated for additional drill holes, with results to be released when verified. At that time the average price of gold ranged between USD 364 - USD 410 per ounce Au and only multi-gram gold drill intercepts were considered to be of economic interest. . Verification of the data obtained will be carried out, with results to be released following verification. Both prior to and during 2021, the Treadwell area was the target of soil sampling programs by St James that show a one kilometre by two-kilometre gold in soil anomaly. The historic holes fall within the Treadwell North area which is located 400 metres from the edge of the Florin Inferred Resource Whittle pit-shell. During the 2021 season, diamond coring hole DDH 21-068 targeted the periphery of the Treadwell North and returned mineralization down the length of the hole (see St. James' News Release dated April 12th , 2022). In the same general area, the Treadwell Adits returned multi-gram gold 15.8 g/t Au, 11.15 g/ t Au and 14.85 g/t Au values from grab samples taken during 2021 (St. James' News Release dated April 29th , 2022 and Figure 1)

About St James Gold Corp.

St. James Gold Corp. is a publicly traded company listed on the TSX Venture Exchange under the trading symbol 'LORD', in the U.S. Market listed on OTCQB under 'LRDJF' and on the Frankfurt Stock Exchange under 'BVU3'. The Company is focused on creating shareholder value through the discovery and development of economic mineral deposits by acquiring prospective exploration projects with welldelineated geological theories; integrating all available geological, geochemical, and geophysical datasets; and financing efficient exploration programs. The Company currently holds: (i) 100-per-cent stake in 29 claims, covering 1,791 acres, in the Gander gold district in north-central Newfoundland located adjacent to New Found Gold Corp.'s Queensway North project; and (ii) a 100-per-cent stake in 9 claims and an option to acquire a further 100-per-cent interest in 19 claims, covering a total 1,730 acres, in central Newfoundland located adjacent to Marathon Gold's Valentine Lake property; and (iii) an option to acquire up to an 85-percent interest in the Florin Gold Project, covering nearly 22,000 contiguous acres in the historical Tintina gold belt in Yukon Territory, Canada (Figure 2).

Contact:

George Drazenovic

Chief Executive Officer

Tel: 1 (800) 278-2152

Email: info@stjamesgold.com

Forward Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, 'forward-looking statements'). All other statements that are not historical facts, particularly statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance of the Company. Often, but not always, forward-looking statements can be identified through the use of words or phrases such as 'will likely result', 'are expected to', 'expects', 'will continue', 'is anticipated', 'anticipates', 'believes', 'estimated', 'intends', 'plans', 'forecast', 'projection', 'strategy', 'objective' and 'outlook'. Forwardlooking statements contained in this news release are made based on reasonable estimates and assumptions made by management of the Company at the relevant time in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate and reasonable in the circumstances. Forward-looking statements contained in this news release are made as of the date of this news release and the Company will not update any such forward-looking statements as a result of new information or if management's beliefs, estimates, assumptions or opinions change, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forwardlooking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company's control, which could cause actual results, performance, achievements and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID-19 pandemic and other factors outlined in the Company's Annual Information Form dated July 26, 2021 (the 'AIF') filed under the Company's profile on SEDAR at www.sedar.com. The Company cautions that the list of risk factors and uncertainties described in its AIF on SEDAR are not exhaustive and other factors could materially affect its results. New factors emerge from time to time, and it is not possible for the Company to consider all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

(C) 2022 Electronic News Publishing, source ENP Newswire