St. James Gold extends debt to June 30, 2027

• On May 4, 2026, St. James Gold Corp. announced an agreement with long-term debtholders to extend debt maturity from April 30, 2027, to June 30, 2027.
• The extension involves insiders Nicolas Lin and Logan Anderson among other creditors.
• The primary purpose stated is to prevent indebtedness from impacting the company's working capital position calculations.
• This follows a previous extension announced on January 26, 2026, which moved maturity from December 31, 2026, to April 30, 2027.

• The news is not material in terms of creating new value or revenue; it is a liquidity management exercise.
• Given the history of debt extensions (September 2025, December 2025, January 2026), this extension was anticipated by the market and investors tracking the company's cash flow.
• The involvement of insiders suggests confidence in survival but does not inject new capital into the balance sheet.
• No change to the underlying asset base or resource potential is announced; therefore, valuation remains tied to exploration progress rather than financial restructuring.

• Company: St. James Gold Corp. focuses on gold exploration in Newfoundland.
• Flagship Project: The Grub Line property is the primary focus following the transfer of the Quinn Lake property to Florin Resources as part of a settlement agreement in August 2025.
• Project Status: Exploration programs (bedrock/till sampling, mapping) have identified gold anomalies in black shale units but no NI 43-101 resource estimate has been produced yet due to historic drilling density limitations.