St. James Gold Corp. announced the results from interpretation of its 2021 season, Light Detection and Ranging (“LiDAR”) survey at the Florin Project located 60 km northwest of Mayo County, Yukon Territory, Canada which is host to the Florin Inferred Gold Resource.

Highlights of the LiDAR survey interpretation Seven new areas of high prospectivity within the Florin Gold Property boundaries have been identified for follow-up exploration WSW–ENE and NNW–SSE structuralcontrols on gold-in-soil anomalies will guide diamond drilling in the immediate area of the Florin Gold Inferred Resource. NW and NNE lineament populations indicate that the mineralized gold hosting intrusion may be partially down-dropped and preserved to the northwest of the Florin Inferred Resource. The survey covered the entire, 22,000-acre (89 km2) area of the original Florin Projectclaims that surround the Florin Inferred Resource employing LiDAR technology to discern what are the predominant, structural trends responsible for gold mineralized emplacement of the resource and to identify other areas within the mineral tenure claims group that display similar structuralcomplexity as prospective sites for further targeted exploration.

Structures trending NW – SE and NNE – SSW were interpreted from the survey which, along with the mapped trace of the Florin Intrusion and the trace of the Florin Inferred Resource were overlain on a digital elevation model in and around the resource area (Figure 1). The interpreted structures show a strong correlation with the surface trace of the Florin intrusion. This correlation also suggests that the area to the northwest of the resource may have been down-dropped, thereby presenting a deeper target for future drill testing.

Structures trending WSW – ENE and NNW – SSE were also interpreted from the LiDAR survey which were overlain on the contoured in soil gold geochemistry assays in and around the resource area. The interpreted structures show a strong correlation with higher grade zones of gold-in-soil anomalism and will guide drilling to focusing on expansion of the Florin Inferred Resource. The interpretation also emphasizes a broad area east of the resource – the Treadwell Zone – which will provide a focus for the initial holes for the 2022 drill campaign.

Structuresin the wider Florin claim area Analysis of interpreted structures in the immediate vicinity of the Florin Inferred Resource has led to identification of seven further, kilometric scale domains which display broadly similar density and orientation of structures. Historic, stream sediment sample and rock chip sample assay results will help prioritize the order in which these areas are prospected.