St-Georges Eco-Mining Corp. Files Audited Annual Financial Statements Amidst Ongoing Disclosure Default

Montréal, Québec — October 1, 2026 — Leads & Copy — St-Georges Eco-Mining Corp. announced Thursday the filing of its audited consolidated financial statements for the fiscal year ended March 31, 2026. The company also filed the related management’s discussion and analysis and certifications from its Chief Executive Officer and Chief Financial Officer. These annual filings are accessible on SEDAR+ under the Corporation’s profile.

For the fiscal year ending March 31, 2026, St-Georges Eco-Mining Corp. reported a net loss of $4,384,254, an increase from the $3,843,283 net loss recorded in the previous year. The current year's results include a non-cash equipment impairment charge totaling $1,712,799. Net cash used in operating activities amounted to $332,337, with the company holding $84,250 in cash and funds held in trust as of March 31, 2026. A comprehensive review of the Corporation’s financial results, subsequent events, and associated risks, including the going-concern disclosure, is available in the Annual Filings.

The Corporation currently remains in default of its continuous disclosure obligations due to outstanding interim financial statements for the three-month period ended June 30, 2026, along with the accompanying management’s discussion and analysis and CEO/CFO certifications. St-Georges Eco-Mining Corp. is in the process of completing these interim filings, which will incorporate adjustments from the annual audit, and anticipates filing them shortly after the annual filings. The failure-to-file cease trade order issued by the British Columbia Securities Commission remains in effect.

Trading on the Canadian Securities Exchange is not expected to resume until the interim filings are submitted, reviewed by the exchange and applicable securities regulators, and all necessary regulatory and exchange approvals are obtained. The company stated there can be no assurance regarding the timeline for the revocation of the cease trade order or the resumption of trading. In the United States, the Corporation anticipates its shares will continue to be quoted on the Pink tier of OTC Markets for the foreseeable future, a status that does not signify a reinstatement of trading on the Canadian Securities Exchange or the revocation of the cease trade order.

In an operational update regarding EVSX, following a standstill and care-and-maintenance period in July and August 2026, battery processing activities at its Thorold, Ontario facility recommenced in September 2026. Key priorities for management include enhancing processing volumes, generating revenue through processing fees and sales of recovered materials, and addressing outstanding obligations. EVSX's processing operations are supported by an agreement with Call2Recycle, with revenues expected to be supplemented by spot sales of recovered zinc and other metals. The Corporation's operating and financing plans, along with associated risks, are detailed in the Annual Filings.

The Corporation’s consolidated financial statements contain a going-concern disclosure in Note 1. This disclosure addresses EVSX's operating and creditor obligations, as well as the financing requirements of St-Georges and its subsidiaries. Management's strategy involves increasing EVSX's processing revenue and sales of recovered materials, securing additional financing, and managing expenditures. The success of these plans remains uncertain, presenting a material uncertainty that may cast significant doubt on the Corporation’s ability to continue as a going concern. Readers are advised to consult Note 1 of the consolidated financial statements for full details.

St-Georges Eco-Mining Corp. develops new technologies and holds a diversified portfolio of assets and patent-pending Intellectual Property through several subsidiaries. These include EVSX, a battery processing initiative; St-Georges Metallurgy, focused on metallurgical R&D and related IP, including lithium recovery from spodumene; Iceland Resources, holding high-grade gold exploration projects like the Thor Project; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects encompassing the Manicouagan and Julie nickel, copper, and PGE critical mineral projects on Quebec’s North Shore, and the Notre-Dame niobium Project in Lac St-Jean.

Source: St-Georges Eco-Mining Corp.