Mr. Nicolaos Paraskevas reports

ST. AUGUSTINE SHAREHOLDERS APPROVE AMENDED AND RESTATED STOCK OPTION PLAN AND PRIVATE PLACEMENT WITH NICOLAOS PARASKEVAS

St. Augustine Gold and Copper Ltd. shareholders approved all matters of business at the special meeting of shareholders held virtually via Zoom on Sept. 12, 2025.

Shareholders voted in favour of:

1. Amended and restated stock option plan:
   1. Approved by 99.12 per cent of votes cast (649,221,184 votes for; 5,766,161 votes against);
   2. The plan replaces the legacy option plan and aligns directors, officers, employees and consultants with shareholder interests while ensuring compliance with Toronto Stock Exchange requirements.
2. Private placement of Nicolaos Paraskevas
   1. Approved by 99.99 per cent of disinterested shareholder votes cast (654,947,615 votes for; 39,730 votes against);
   2. The placement consists of 16.5 million units, each unit comprising one common share and two warrants, supporting the company's long-term financing needs.

Quorum and participation

Shareholders representing 654,987,345 common shares, or 41.91 per cent of the 1,562,749,129 issued and outstanding shares, were present in person or by proxy at the meeting.

About St. Augustine Gold and Copper Ltd.

St. Augustine is a Toronto Stock Exchange-listed mining company focused on the development of the King-king copper-gold project. The project is one of the largest undeveloped copper-gold deposits in the world and is listed as a top-three priority mining project by the Philippine government.

We seek Safe Harbor.