FORM 7 – MONTHLY PROGRESS REPORT June 2023 Page 1 FORM 7 MONTHLY PROGRESS REPORT Name of CSE Issuer: St - Georges Eco - Mining Corp. Trading Symbol: SX Number of Outstanding Listed Securities: 247,020,928 Date: Ju ly 4 , 202 3 1. Report on Business St - Georges develops new technologies to solve 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 Project and the Manicouagan Project on Quebec’s North Shore and has multiple exploration projects in Iceland, including the Thor Project. Headquartered in Montreal, St - Georges’ stock is listed on the CSE under the symbol SX and trades on the US OTCQB under the symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. 2. Other Corporate Matters Private Placement Financing - F low - through units On J une 26, 2023 , the Company announced that it closed a $396,000 first tranche of a non - brokered private placement with one institutional placee. The maximum offering of up to $1,200,000 is price d at $0.18 Under the First Tranche, the Co mpany issued 2,200,000 common shares, and 2,200,000 warrants priced at $0.30. The Company also paid cash finder ’ s fees of $23,760 and issued an aggregate of 132,000 compensation warrants to eligible finders. Manicouagan Project In November and December 2022, eleven core holes were completed for 1804 meters In Spring 2023 , s ix additional core holes were completed for 1,424 meters D rilling was paused in mid - April. In May 2023 , the Company disclosed the 2 022 Winter Drill Program results Highlights include Hole MN22 - 003 , which intersected 9.4 meters averaging 1.11% nickel, 0.56% coppe r, 0.035% cobalt, 0.97 g/t platinum, 1.54 g/t palladium, 0.023 g/t gold, and 3094 ppm arsenic. In May 2023 , results of the large airborne geophysics program were received a nd are currently being analyzed by management and contracted scientists. FORM 7 – MONTHLY PROGRESS REPORT June 2023 Page 2 The mandate to compile technical knowledge on the Manicouagan and Julie Projects has been given to an independent geological firm that should deliver a Technical National Instrument 43 - 101 on both projects before the year - end. Lithium Processing Iconic Minerals The Company has shared the first part of an independent review report with the management of Iconic Minerals . It covers the w ork done with the first batch of Iconic’s lithium - bearing material previously obtain by St - Georges ’ metallurgical team . A companion report that covers concentrating and earlier process work from equipment suppliers and other R&D laboratories will accompany the final report shortly. Together these documents will describe the economic scenarios that are expected to yield a positive outcome as well as the situations that have no expectations to provide a favorable outcome. The current report is based on a projected scenario in which the operators can expect a p ositive economic outcome by producing lithium carbonate with no concentration efforts, using certain thresholds related to lithium grades found in the resources, and ignoring any by - product valorization. Some recent discoveries have been added to the mand ate’s scope. All reports are expected to be completed and cover all mandated deliverables within a few weeks. Dissemination of the summary of the companion report will be made in conjunction with Iconic while portions or all of the third - party independent report will be handled at the discretion of Iconic’s management. L ithium Hydroxide Production Initiative On May 4, 2023 , the Company shared the results of the process review and engineering report from WSP that will be used to finance and build the first lithium hydroxide circuit The metallurgical modeling report covers all interaction s of gases, elements in the liquids requiring treatment, and the evaluation of elements that are turned into products. Care for wear, corrosion resistance, and spare parts planning is also part of the independent review of the Company’s effort. The next ph ase will begin once production and operational agreements with strategic suppliers of different technological areas of the process are completed. This phase will help size and determine the opex and capex of the various scenarios being considered, includin g lithium - ion battery recycling and spodumene hard rock. On May 18, 2023, the Company announced that it made a significant improvement to its process to manufacture lithium hydroxide from spodumene concentrates. The nitric acid used in the process was, until then, recirculated at 92% while 8% was recuperated by amalgamating it with fertilizers by - products. The Company improved the method to recover the alumina content (AI2O3) of the spodumene concentrate, allowing the production of aluminum nitrate n onahydrate or ( Al( NO3)3.9H2O , at 99% purity or better In June , the Company prepared the material sourced from a South African provider that operates a lithium project in a neighboring county. The material was collected and shipped with no effort to improve the grade of the minerals , as a direct shipping ore ( DSO) , to St - Georges ’ research partner facilities in Québec The material yield ed average grades of more than 4% LiO2 . The reception test analyses were conducted by Coalia. These DSO grades motivate d the Company to expand its discussion with the African entity. The current discussions focus on a scenario in which the material will be transported to Canada for processing under a profit - sharing agreement in a form that has yet to be de fined. Eventually, the discussed operations could also include concentration on site and extraction of some by - products in country. FORM 7 – MONTHLY PROGRESS REPORT June 2023 Page 3 EVSX , Battery Recycling In December 2022, the Company announced that EVSX had secured the location for its Ontario battery recycling and battery mineral processing operations within the Bioveld Complex under the umbrella of the Thorold Multimodal Hub and the Hopa Port Authority in Niagara, Ontario. The Company’s completed launch operations include: • Certifications, insurance , bonding , and operations permitting • Selection of a n enterprise resource planning ( ERP ) software provider which satisfies the management, auditing , and reporting obligations to all stakeholders involved in the used - battery grant and allocation • Installation of the initial 4,800 tons per year alkaline line in Thorold, Ontario • Delivery of the first battery preparation industrial unit with a capac ity of 7,800 tons per year to the Thorold facilities The Company’s ongoing launch operations include: • Environmental authorizations await resolution. • Upgrade of the alkaline circuit for which all additional equipment was received in June. • Application for an environmental review for additional capacity for the alkaline circuit up to 20,000 tons per year • Application for an environmental operatio nal permit for the fall battery chemistry circuit with a capacity of 15,600 tons per year. • Configuration and t esting of the alkaline industrial circuit • Installation of the all - chemistry battery preparation first industrial automated circuit. The operations in Thorold have relied on contracted personnel so far , and the Company is planning to enroll full - time employees to work in hybrid teams with the current contracted staff. This strategy should allow for a more flexible transition and growth. Important changes in the g lobal business model of EVSX are being proposed They will be disclosed in a future corporate update via press release. H2SX - Hydrogen Technology In November 2022 , H2SX received a draft engineering report for the project Two engineering firms in Canada and South Korea have initiated detailed engineering I n February 2023 , H2SX and Altima Resources Limited (TSX - V: ARH) entered into an agreement via a binding term sheet to move forward with the production of cheap and clean hydrogen (ccH2 ™ ) in Canada. H2SX will partner with and work on an exclusive basis with Altima in Briti sh Columbia and Alberta in the natural gas domain and for projects and companies that have traditional natural gas production of 65 MMcf/d or less. A comprehensive corporate update is expected in the first part of July It will cover the changes in the approach the Company intends to implement to accelerate the deployment of the hydrogen initiative. FORM 7 – MONTHLY PROGRESS REPORT June 2023 Page 4 Rebranding and Market Awareness Management is in the process of interviewing multiple firms to work in collaboration and deploy its market awareness campaign. The campaign is expected to run for an initial twelve months. So far , two groups have been selected , and more are under review. • Invercio Inc The Company entered into an agreement with Invercio for a 12 - month term and $ 15,000 compensation . St - Georges will be featured on the community platform, and Invercio will create content and videos and participate in the general awareness campaign of the Company. • Guerilla Capital Th e Company entered into an agreement with Guerilla Capital for a 6 - month term for a total compen sation of $30,000 Guerilla Capital will provide general consulting and advisory services on market perception and identifying capital markets and will participate actively in news dissemination, video content creation , and article write - ups. Market - Related Initiative In June 2023 , the Company entered into an agreement with ITG Market Making Services for an initial 3 - month term, renewable monthly. ITG shall make a two - sided market in the Company ’ s traded securities and provide liquidity and stability to the securities Acting as the Company’s official registered trader , the firm will be paid $6,000 per month for the duration of the mandate. This hiring represents the first step toward the strategy the Company intends to deploy to improve the trading in its shares on its primary exchange. The management of St - Georges also prepared a draft of an Annual Information Form (AIF) that will be completed shortly after the divulgation of the audited financial statements. This step is also part of the new strategy to obtain a bette r market for its securities. An AIF is a disclosure document intended to provide material information about the C ompany and its business at a point in time in the context of its historical and possible future development. The AIF describes the C ompany, its operations , and prospects, risks , and other external factors that impact the C ompany specifically. This disclo sure is supplemented throughout the year by subsequent continuous disclosure filings , including news releases, material change reports, business acquisition reports, financial statements , and management discussion and analysis. BWA Group PLC BWA debt titles held by the Company have no liquidity, and the modulated refusal from BWA principals to convert these debt titles into equity forces the Company to continue all legal avenues to redress the situation. In December 2022, t he Company initiated legal proceedings against BWA in front of the High Court of Justice, Business and Property Court of England & Wales At the time of this report , no solution should be expected outside of a court trial. FORM 7 – MONTHLY PROGRESS REPORT June 2023 Page 5 Status of Other Holdings The Company currently holds the following assets as of June 3 0 , 202 3 Name Number Price Total ZeU Technologies Inc. (CSE: ZEU) Common Shares 1 1,522,519 $0.0 25 CA $ 288,062 ZeU Technologies Inc. (CSE: ZEU) Loan Notes CA $ 950,000 Iconic Minerals (TSX - V: ICM) Common Shares 2,000,000 $0. 125 CA $ 250 ,000 Altair International (OTC: ATAO) Common Shares 80,000 US $0. 1 09 CA $ 1 1,520 Cash & Short - Term Investments - - CA $ 3 03,854 Real Estate (Building/ Land) - - CA $436,800 Total value CA $ 2,2 40,236 FORM 7 – MONTHLY PROGRESS REPORT June 2023 Page 6 3. Summary of activities: - New Contracts: See Note 2 - Contract terminations or financing cancellations: None in June 2023 - Acquisition of asset: None in June 2023 - Acquisition of new customers or loss of customers: None in June 2023 - Brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trademarks: None in June 2023 - Employee hiring, terminations or lay - offs: The Company currently works with consultants and sub - contractors. - Labour disputes: Not applicable. - Legal proceedings: On January 22, 2022, the Company announced that it served a statement of claims to BWA Group PLC and its subsidiary, Kings of the North Corp. - Indebtedness incurred or repaid by the Issuer: None in June 2023 - Options, warrants, and shares issuances: See Note 2 - Loans to Related Parties: None in June 2023 The board of directors is as follows: • Herb Duerr, President, CEO & Director • Mark Billings, Chairman & Director • Enrico Di Cesare, VP R&D & Director • Kristin Olafsdottir, Director • Keturah Nathe, Director • James Passin , Director Certificate of Compliance The undersigned hereby certifies that: 1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance. 2. As of the date hereof there was no material information concerning the Issuer which has not been publicly disclosed. 3. The undersigned hereby certifies to CSE that the Issuer is in compliance with the requirements of applicable securities legis lation (as such term is defined in National Instrument 14 - 101) and all CSE Requirements (as defined in CSE Policy 1). 4. All of the information in this Monthly Progress Report is true. Ju ly 4 , 202 3 (Signed) Neha Edah Tally Corporate Secretary FORM 7 – MONTHLY PROGRESS REPORT June 2023 Page 7 Issuer Details Name of Issuer: ST - GEORGES ECO - MINING CORP For Month June 2023 Date of Report Ju ly 4 , 202 3 Issuer Address: 1000, Sherbrooke West, Suite 2700, Montreal, QC. H3A 3G4 City/Province/Postal Code Issuer Fax No. Issuer Telephone No. Contact Name Neha Tally Corporate Secretary Contact Telephone No. Contact Email Address public@stgeorgesecomining.c om Web Site Address www.stgeorgesecomining.com