St-Georges Eco-Mining Corp. Issues Bi-Weekly Default Status Report

August 28, 2026 — Leads & Copy — St-Georges Eco-Mining Corp. (CSE: SX) (OTCQB: SXOOF) (FSE: 85G1) is providing its second bi-weekly report on its default status, as required by National Policy 12-203, concerning Management Cease Trade Orders.

The corporation announced on July 31, 2026, that its audited financial statements for the fiscal year ending March 31, 2026, along with related management discussions, analysis, and executive certifications, were not filed by the July 29, 2026, deadline.

The delay in filing the annual financial statements is primarily due to the need for additional audit procedures. This is a result of a complete management change at a wholly owned subsidiary, which led to a lack of continuity in certain accounting records and financial information.

St-Georges Eco-Mining Corp. and its auditors are working to finalize the remaining audit procedures. Management currently anticipates filing the annual financial statements on or before September 28, 2026.

The company is also preparing its interim financial statements for the three-month period ending June 30, 2026, including related management discussions, analysis, and executive certifications. Management has decided to defer the filing of these interim financial statements until after the annual audit is completed. This approach will allow the interim filings to incorporate any adjustments from the annual audit, reducing the likelihood of subsequent amendments.

Consequently, the corporation now expects that the interim financial statements will not be filed by the August 31, 2026, deadline. St-Georges Eco-Mining Corp. plans to file and disseminate these interim financial statements within five days after the annual filings are completed.

As previously reported, securities regulatory authorities have issued a management cease trade order (MCTO) against the corporation's Chief Executive Officer and Chief Financial Officer. This order prohibits them from trading the corporation's securities and will remain in effect until the required filings are completed or the order is lifted by regulatory authorities. The MCTO does not impact the ability of other shareholders to trade their securities.

Apart from the anticipated default concerning the interim filings, there have been no other material changes to the information provided in the corporation's announcements on July 31 and August 14, 2026. St-Georges Eco-Mining Corp. confirms its continued compliance with the Alternative Information Guidelines under NP 12-203 and has met its stated intentions regarding these guidelines.

The corporation is not aware of any other specified defaults or anticipated defaults under NP 12-203, other than those related to the annual and interim filings disclosed in this release. The company also confirms that no other material information concerning its affairs has not been generally disclosed.

St-Georges Eco-Mining Corp. will continue to issue bi-weekly default status reports as long as the required filings remain outstanding, in accordance with NP 12-203.

St-Georges develops new technologies and holds a diversified portfolio of assets and patent-pending Intellectual Property within several subsidiaries. These include EVSX, focused on battery processing; St-Georges Metallurgy, with metallurgical R&D and IP for processing and recovering lithium from spodumene; Iceland Resources, holding gold exploration projects; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects, including nickel, copper, and PGE critical mineral projects and a niobium project.

Source: St-Georges Eco-Mining Corp.