– St. Augustine Gold and Copper Limited (TSX:
SAU) (“St. Augustine” or the “Company”), a development-stage company advancing
the King-king Copper-Gold Project (“King-king” or the “Project”) in Mindanao,
Philippines, was informed that the Philippine Department of Environment and
Natural Resources (DENR) held a news conference on February 14, 2017 wherein the
DENR Secretary announced that Mineral Production Sharing Agreement (MPSA) No.
009-92-XI which covers the Project is one of the 75 MPSAs recommended for
cancellation. To date, neither St. Augustine nor its joint-venture partner, NADECOR,
have received any formal notification from the DENR. Per Secretary Lopez,
companies will have seven (7) days to respond from receipt of said notice. www.sagcmining.com/wp-content/uploads/2017/...ase_20170221.pdf