St. James Gold Corp. — Capital/Financing Update 2021

Jul 7, 2021

NOTICE DECLARING INTENTION TO BE QUALIFIED UNDER NATIONAL INSTRUMENT 44-101 SHORT FORM PROSPECTUS DISTRIBUTIONS

(“NI 44-101”)

July 6, 2021

TO: British Columbia Securities Commission, as principal regulator AND TO: Alberta Securities Commission

St. James Gold Corp. (the “ Issuer ”) intends to be qualified to file a short form prospectus under NI 44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a preliminary short form prospectus. This notice does not evidence the Issuer’s intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer.

ST. JAMES GOLD CORP.

Per: (signed) “ George Drazenovic ”

Name: George Drazenovic Title: Chief Executive Officer