St. Augustine Gold and Copper Limited Announces Update on Financing Discussions

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

St. Augustine Gold and Copper Limited Announces Update on Financing DiscussionsManila, Philippines--(Newsfile Corp. - April 14, 2026) - St. Augustine Gold and Copper Limited (TSX: SAU) ("St. Augustine" or the "Company") is pleased to provide the following corporate update in connection with its ongoing evaluation of development priorities and capital planning activities relating to the Kingking Copper-Gold Project (the "Project").As part of the ordinary course of managing its business and assessing future development pathways, the Company regularly reviews a range of technical, regulatory, operational and financial considerations relevant to the Project. In this context, from time to time and in the course of evaluating strategic and development alternatives, it has engaged in and continues to engage in discussions with a range of public and private financial institutions, strategic counterparties and other potential sources of capital.These discussions may, among other things, encompass high-level considerations relating to funding approaches that are typically associated with large-scale mining projects, including work that could ultimately support the preparation of a Definitive Feasibility Study (the "DFS"). While such discussions continue to be undertaken, the Company emphasizes that it has not made any determination to pursue any specific financing transaction or development pathway at this time and there is no assurance that any future financing or development initiative will be pursued or completed.About St. AugustineSt. Augustine (SAU.T) is a TSX-listed mining company focused on the development of the King-king Copper-Gold Project. The Project is one of the largest undeveloped copper-gold deposits in the world and is listed as a top three-priority mining project by the Philippine government.CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSThis announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation. All statements, other than statements of historical fact included herein are forward looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. While we consider these assumptions to be reasonable based on currently available information, they may prove to be incorrect. There can be no assurance that such statements...

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