St. Augustine Gold and Copper Limited Announces Board and Management Changes

About this update from St. Augustine Gold & Copper Ltd.

Manila, Philippines--(Newsfile Corp. - May 21, 2026) - St. Augustine Gold and Copper Limited (TSX: SAU) ("St. Augustine" or the "Company") announces the resignation of Mr. Nicolaos Paraskevas from its board of directors effective May 17, 2026. Mr. Paraskevas will continue with the Company as a consultant, assisting with sourcing, negotiating and implementing financing relating to the Kingking Copper-Gold Project (the "Project"). The Company likewise announces the appointment of Ms. Cecille Marie H. Bernardo as Chief Financial Officer, effective May 18, 2026, subject to the approval of the Toronto Stock Exchange. Ms. Bernardo is a Certified Public Accountant with more than 30 years of senior leadership experience in finance, banking, corporate planning, and multinational operations. She holds a Master of Finance degree from the University of Melbourne, Australia. She previously served as Chief Financial Officer of Prime Asset Ventures, Inc. and held senior leadership positions within the Villar Group and Coca-Cola Far East Ltd. The Company also announces the appointment of Mr. James Timothy "Tim" Armstrong as Chief Development Officer, effective May 18, 2026. Mr. Armstrong is a mining engineer with approximately 37 years of international mining industry experience spanning large-scale copper and gold project development, mine construction, operations, project financing, and strategic development. He has held senior leadership roles in major mining projects, including Merdeka Copper Gold, Carmen Copper Corporation, and the Masbate Gold Project. Mr. Armstrong will assist Management in the completion of the Definitive Feasibility Study, advancement toward Final Investment Decision, development planning for the mining and milling operations, contractor and supplier selection, and the transition of the Kingking Project toward commercial production. Lastly, the Company announces the appointment of Mr. Raymond H. Ricafort as Investor Relations Head, effective immediately. Mr. Ricafort brings extensive experience in project finance and investment banking. He has been actively involved in the Kingking Project since its inception and is well acquainted with its history, development, and financing initiatives. His background in investment banking and the capital markets will support the Company in strengthening shareholder enga...

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