St. James Gold Corp. announced the results of its 2021 season, soil sampling program from areas adjacent to the 2.47 million ounce inferred gold resource located within the Florin Project area, 60 km northwest of Mayo County, Yukon Territory, Canada.

The program was designed to augment existing soil geochemistry surveys to extend the surface trace of gold in soil anomalies along the strike of the Jethro fault, which is the principal structuralcontrol for gold mineralization on the project. There are two grids (East and West) covering two areas of the project underlain by different lithologies and levels of erosion. The East Zone straddles the Jethro Fault approximately 1 km east of the Florin Inferred Resource and encompasses the Treadwell area which contains two historic mining adits known as the Treadwell Adits.

The 2021 soil sampling results comprise 90 samples that were assayed for gold and 35 other elements. The gold grades for the top ten samples range from 91– 503ppb Au; the top three soil samples range from 324 – 503ppb Au, all of which sit within 600m of the Treadwell Adits located in the East Zone. While the samples from the Treadwell adits yielded one sample of 11.15 g/t (11,115 ppb) Au and another of 15 g/t (15,000 ppb) Au.

The 2021 results have been superposed on a digital elevation model base layer which outlines the following: the surface trace of the Florin Inferred Resource, the surface trace of historic gold in soil geochemistry, assay results from historic drilling and assay results from three high-grade rock samples from the Treadwell Adits area (St James news release dated April 29, 2022). The historic soil sample results describe a gold in soil polygon which extends 1.8km NNW-SSE by 1km E-W starting 250 metres from the east end of the trace of Florin Inferred Resource. Some of the historic drilling beneath the soil polygon returned assay results that fall within the 0.3g/t Au cut-off grade for the Florin Inferred Resource itself.

These results will be a useful vector in guiding future exploration drilling. Compiling these 2021 geochem results along with the results from historic soil sampling and drilling programs confirms the East Zone, and within it the Treadwell area, as a high priority target for further exploration. The results also extend the gold in soil anomaly by 600 metres adjacent to the SE/SW of the southeast end of the Florin Inferred Resource.

The next stage of exploration during the 2022 field season will be mapping, sampling and capture of XRF measurements that track gold pathfinder elements. As appropriate, those results can be followed by drill testing of key targets to see whether a high-grade zone can be modelled as a potential starter-pit for when the project moves towards a preliminary economic assessment.