Mr. Frank Dumas reports

LITHIUM PROCESSING UPDATE & NEW CANADIAN FOCUSED SUBSIDIARY

St-Georges Platinum and Base Metals Ltd. has provided an update to its shareholders and stakeholders on the progress of a few of its business initiatives.

Lithium research initiative update

The company has received in Montreal a first delivery of material from the Bonnie Claire sedimentary lithium project, which is 100 per cent owned by Iconic Minerals. St-Georges's metallurgists have devised a protocol to extensively test the material in order to prepare a multitonne larger bulk test in a pilot plant environment later this fall in collaboration with St-Georges research and development partners. Please refer to St-Georges's press release dated Aug. 10, 2017, for details regarding the relationship between St-Georges and Iconic Minerals.

St-Georges's research team will be working on the optimization of the lithium recovery process specific to the Bonnie Claire project's mineral composition and will be reviewing the potential economic recovery of secondary commodities such as strontium. The approach can be summed up to a combination of hydrometallurgy and mineral process configured in such a way that it optimizes the liquid separation of the valuable elements. St-Georges has now moved away from the stage of the proof of concept and is currently characterizing and identifying the key performance indicators for each step of the lithium recovery pertinent to Bonnie Claire's mineral material.

New Canadian-focused subsidiary

Mark Billings, chairman of the board of St-Georges, will become the president of a new subsidiary of St-Georges that will be receiving certain assets of the company, including the nickel, copper and cobalt project known as the Isoukustouc project, which is located on the Quebec North Shore, north of the deep-sea port town of Baie-Comeau and on the territory of the Quebec government initiative known as the Northern Plan.

About Isoukustouc

Owned 100 per cent by St-Georges, the Isoukustouc project is located 75 kilometres north of the town of Baie-Comeau on the Quebec North Shore and is composed of 32 claims representing an approximate total of 1,800 hectares, or 18 square kilometres.

Previously reported historical assay values obtained on selected grab samples yielded grades of 17 per cent weight copper, 3.84 per cent weight nickel and 0.2 per cent weight cobalt. The 2012 surface sample program from the B40 section yielded 1.85 per cent nickel and 0.335 per cent copper on average. An exploration program of 2,343 line kilometres of airborne magnetic geophysical survey with 100-metre spacing was completed in 2011.

About St-Georges Platinum and Base Metals Ltd.

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry.

The company controls directly or indirectly all of the active mineral tenures in Iceland. It also explores for nickel on the Julie nickel project and for industrial minerals on Quebec's North Shore as well as for lithium and rare metals in Northern Quebec and in the Abitibi area.