St-Georges Eco-Mining Corp. has closed a non-brokered private placement financing offering for five million flow-through units at a price of 41 cents per unit for aggregate gross proceeds of $2.05-million.

All of the funds raised are earmarked for the advancement of mineral exploration at the Manicouagan critical and strategic mineral project.

Each FT unit is composed of one common share issued on a flow-through basis and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the corporation at a price of 50 cents for a period of 36 months from its issuance.

In connection with the private placement, the corporation paid cash finders' fees of $123,000 to an eligible finder. All securities issued in connection with the private placement are subject to a statutory hold period of four months and a day in accordance with applicable securities laws.

St-Georges's management extends season's greetings to all shareholders and stakeholders, and wishes you a very prosperous 2023.

About St-Georges Eco-Mining Corp.

St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full-circle battery recycling. The company explores for nickel and platinum group elements on the Manicouagan and Julie projects on Quebec's North Shore and has multiple exploration projects in Iceland, including the Thor gold project. Headquartered in Montreal, St-Georges has stock listed on the Canadian Securities Exchange under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1, and under the symbol SXOOF on the OTCQB Venture Market for early-stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process.