Mr. Nicolaos Paraskevas reports

ST. AUGUSTINE ANNOUNCES LATE FILING OF ANNUAL FINANCIAL DISCLOSURE

The filing of St. Augustine Gold and Copper Ltd.'s audited annual financial statements, management discussion and analysis, and related chief executive officer and chief financial officer certifications for the financial year ended Dec. 31, 2025, will be delayed beyond the filing deadline of March 30, 2026, and as a result it will be in default of its obligations under Part 4 of National Instrument 51-102, Continuous Disclosure Obligations. The delay in the completion of the required filings is as a result of additional time required by the corporation's auditor to complete the accounting assessment of certain financial instruments issued by the corporation during its most recent financial year. The delay caused by the assessment of the instruments means the auditor of the corporation requires more time in order to complete the audit of the corporation's financial statements for the year ended Dec. 31, 2025.

The corporation has made an application to the Ontario Securities Commission for a management cease trade order, which would restrict all trading in securities of the corporation, whether direct or indirect, by management of the corporation. The MCTO does not generally affect the ability of shareholders who are not insiders of the corporation to trade their securities. There is no certainty that the MCTO will be granted.

The corporation is working expeditiously with its auditor, Davidson & Co. LLP, to complete the audit as soon as possible. St. Augustine plans to remedy the default and file the required filings as soon as it is able to do so and expects such filing to occur on or prior to April 21, 2026. The corporation also intends to satisfy the provisions of the alternate information guidelines of Section 10 of National Policy 12-203, Management Cease Trade Orders, as long as it is in default of the filing requirements.

The corporation confirms that there are no insolvency proceedings against it as of the date of this press release. The corporation also confirms that there is no other material information concerning the affairs of the corporation that has not been generally disclosed as of the date of this press release.

About St. Augustine Gold and Copper Ltd.

St. Augustine Gold and Copper 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.

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