Ms. Neha Tally reports

ST GEORGES REPORTS COMPLETION OF ICELAND GOLD DRILLING AND PROVIDES TRADING STATUS UPDATE

Aurania Resources Ltd.'s 2026 diamond drilling program at St-Georges Eco-Mining Corp.'s Thormodsdalur gold-silver project in Iceland has been completed.

The project is held by Iceland Resources ehf, a wholly owned subsidiary of St-Georges, and is being advanced by Aurania Resources, pursuant to the option agreement announced in April, 2026. The company is also providing an update on the revocation of its cease trade restrictions and the remaining halt in trading on the Canadian Securities Exchange.

Eight holes completed with improved core recovery

Aurania completed eight diamond drill holes totalling 780.70 metres. Core samples were sent to ALS Sweden for preparation and subsequently to ALS Ireland for analysis. Assay results are expected in November, 2026, subject to laboratory turnaround times.

Finland-based Arctic Drilling Company Oy Ltd. carried out the program using HQ3 diamond drilling. Aurania reports core recovery at or close to 100 per cent in most cases, compared with recoveries in the region of 50 per cent or less reported in earlier drilling. Improved recovery is intended to retain fine and fragmented vein material that may have been lost during historical drilling.

Epithermal vein textures observed in drill core

Aurania reports quartz veins and hydrothermal breccias with textures consistent with an epithermal gold-silver system, including colloform banding. Much of the vein material has been fragmented by later fault movement, making improved core recovery particularly relevant to obtaining representative samples. Most holes twinned historical holes. Gold and silver grades remain subject to assay results; visual observations do not establish grades or economic viability. Advancing the project with Aurania

Thormodsdalur is located approximately 20 kilometres east of Reykjavik. Under the April, 2026, option agreement, St-Georges, Iceland Resources and Aurania are working collaboratively on phased exploration aimed at advancing the project toward an initial modern mineral resource definition.

Cease trade restrictions revoked and CSE trading halt remains

The company confirms that it is no longer subject to the failure-to-file cease trade order. The British Columbia Securities Commission also revoked the management cease trade order applicable to Herb Duerr and Rick Barnett on Oct. 8, 2026.

Trading of the company's common shares on the CSE remains halted as revocation of the cease trade orders and reinstatement of trading on the CSE are separate steps.

Management is pursuing the remaining steps toward reinstatement of trading, including responding to CSE requests for information and addressing the exchange's applicable requirements. Resumption remains subject to the CSE's review and approval. The company will provide an update once the timing has been confirmed.

About St-Georges Eco Mining Corp.

St-Georges develops mineral processing technologies and holds exploration and clean technology assets through its subsidiaries. Its activities include battery processing through EVSX, metallurgical research and process development through St-Georges Metallurgy, and gold exploration through Iceland Resources. The company also holds the Manicouagan and Julie nickel, copper and platinum group element projects and the Notre-Dame niobium project in Quebec.

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