Montréal - TheNewswire - March 18, 2022 - St-Georges Eco-Mining Corp. (CSE:SX) (CSE:SX) (OTC:SXOOF) (FSE:85G1) is pleased to provide a status update on some of its metallurgical development initiatives.

EVSX's management has worked on a complete strategic review of its research & development initiatives related to critical minerals production and recovery. A completed hydrogen production strategy is being developed with synergies to St-Georges Eco-Mining initiatives and opportunities for decarbonization initiatives globally. In addition to the hydrogen initiative, the new strategic plan is articulated around the creation of three centers of excellence: nickel, lithium, and fertilizers. These centers of excellence will leverage industries already in place and operating that can be clients and/or suppliers for EVSX. The deliverables and the objectives of the current feasibility study have been augmented to reflect this new reality.

The initial location proposed for the Company's first commercial showcase plant in Baie-Comeau has been eliminated. The municipality is working at a fast pace with management to secure an option on two sites that will be part of the independent consultants' final report. These sites come in at a fraction of the costs of the original proposed site, are better suited for the change in the portion of the process related to metal recovery, and still allow the Company to initiate the commercial operations of its first showcase plant on schedule.

EVSX is currently reviewing the front-end operations that result in the recovery of aluminum, steel, copper, and carbon, with the objective to cover operational costs at this stage, leaving the Company with a black mass of nickel, cobalt, and cadmium for which size and recovery data was disclosed in a previous press release disseminated by the Company on January 13, 2022, and titled "EVSX Nickel-Cadmium Battery Recycling Results". See Press Release: https://webfiles.thecse.com/SX_Press_Release_-_January_13_2022_-_EVSX_Nickel-Cadmium_Battery_Recycling_Results.pdf?ePe2BnjG0F0iCz5fatl6jgZdBnUJt1H5

"(…) St-Georges is still a small operation working within the restrictions that come with a limited budget (…) over the years this has forced management to be flexible and to constantly be on the look-out for on-the-fly adjustments to its business initiates while keeping an open-minded approach to partnership. (…) we are now experiencing the benefits of this lean culture. The goal is to put a product out in the short term that will be in high demand, like the nickel ingot expected to be produced with the new "cold smoked" process out of the nickel-cadmium batteries (…) our centers of excellence should be seen as optimized green urban mines, taking chemical and mineral by-products of our partners to reduce our operational costs, generating value-added products out of garbage, and limiting transport costs and lag time. (…) The current challenges created by the world economic situation, the transition to a decarbonized economy, the scarcity of workforce, and the constant delays in transportation and supply chain intensive operations have brought the world to us (…) we've been configured to shine in this context. (…)" said Frank Dumas, COO of the Company.

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 EV battery recycling. The Company explores for nickel & PGEs on the Julie Nickel Project and the Manicougan Palladium Project on Quebec's North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project. Headquartered in Montreal, St-Georges' stock is listed on the CSE under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and 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. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.