File: Attachment 261027 Initial News Release v3 final.pdf

ST. JAMES GOLD CORP. (CSE: LORD) ANNOUNCES PROPOSED SHARE CONSOLIDATION

Vancouver, British Columbia, October 27, 2026 - St. James Gold Corp. (the "Company" or "St. James") (CSE: LORD) (OTCQB: LRDJF) (FSE: BVU3) announces that its board of directors has approved a consolidation of the Company's issued and outstanding common shares on the basis of five (5) pre- consolidation common shares for one (1) post-consolidation common share (the "Consolidation").

The board of directors believes that the Consolidation will improve the Company's capital structure and better position the Company to attract investment and pursue future financing opportunities.

The Company currently has 39,535,628 common shares issued and outstanding and, if completed, the proposed Consolidation would reduce the number of issued and outstanding common shares to approximately 7,907,126, subject to adjustment for rounding. No fractional shares will be issued in connection with the Consolidation. Instead, any fractional share interest resulting from the Consolidation will be rounded down to the nearest whole share if the fraction is less than one-half and rounded up to the nearest whole share if the fraction is equal to or greater than one-half, and no cash consideration will be paid in respect of fractional shares. The exercise or conversion price and the number of common shares issuable under the Company's outstanding stock options, warrants and other convertible securities will be proportionately adjusted in accordance with their respective terms.

Completion of the Consolidation is subject to acceptance by the Canadian Securities Exchange (the "CSE").

Pursuant to the Company's Articles, the Consolidation has been approved by the Company's board of directors and does not require the approval of the shareholders. The Company will not be changing its name or trading symbol in connection with the Consolidation.

Following the filing of all necessary documentation with the CSE in respect of the proposed Consolidation, the Company will issue a news release announcing the effective date of the proposed Consolidation, the new CUSIP and ISIN for the post-Consolidation common shares, and all other relevant details regarding the proposed Consolidation.

About St. James Gold Corp.

St. James Gold Corp. is a publicly traded company listed on the Canadian Securities 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 well- delineated geological theories; integrating all available geological, geochemical, and geophysical datasets; and financing efficient exploration programs. The Company currently holds: (i) a 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.

For more corporate information please visit: http://stjamesgold.com/

This release has been reviewed and approved by Logan Anderson, CFO. St. James Gold Corp. For further information, please contact: Logan Anderson, Chief Financial 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 statements that are not historical facts, including, without limitation, statements regarding the Consolidation, the anticipated number of post-Consolidation common shares, the timing of the Consolidation, receipt of CSE acceptance, and the anticipated benefits of the Consolidation, are forward-looking statements. Often, but not always, forward-looking statements can be identified through the use of words or phrases such as "may", "could", "would", "should", "proposed", "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook". Forward-looking 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, including, without limitation, assumptions that the CSE will accept the Consolidation in a timely manner, that all necessary filings will be completed without delay, and that there will be no material adverse change in market conditions. Forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise, 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 forward-looking 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 risk that the CSE does not accept the Consolidation, delays in completing the Consolidation, the risk that the Consolidation does not achieve its intended benefits, the risk that the market price of the post-Consolidation common shares does not reflect the Consolidation ratio, the risk of reduced liquidity of the common shares following the Consolidation, market conditions, and other factors outlined in the Company's continuous disclosure documents filed under the Company's profile on SEDAR+ at www.sedarplus.ca. The Company cautions that the list of risk factors and uncertainties described in its continuous disclosure documents is 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. THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.