VANCOUVER, BC - St. Anthony Gold Corp. ('St. Anthony' or the 'Company') (CSE: STAG) (Frankfurt: M1N) (OTC: MTEHF) announces that it has closed its previously announced (October 21, 2022) transaction with Foxfire Metals Pty Ltd ('Foxfire'), an arms-length Australian Company, pursuant to which the Company acquired a 75% interest in eight Brazilian exploration licenses ('the Brazilian Portfolio'); six for lithium and two for rare earth elements (REE) (the 'Brazilian Portfolio').

The Brazilian Portfolio totals 12,315 hectares of highly prospective lithium and REE exploration licenses, in the states of Minas Gerais and Bahia for lithium and Goas for REEs. Brazil is now recognized as one of the world's major high grade lithium producers confirmed by Tesla (TSLA:NASDAQ) supplier recently securing off take agreements with Sigma Lithium Corporation's (SGML: NASDAQ) subsidiary Brazilian Sigma Mineracao SA (Sigma).

Three of these lithium licences lie within the highly prospective northern portion of the state of Minas Gerais in the municipality of Padre Paraiso, approximately ~38 Km's east of Sigma Lithium's Grota Cirilo property in Minas Gerais, Brazil. Sigma Lithium recently announced it is on schedule to make its first shipment of spodumene concentrate in April of 2023 and stands to become one of the largest and greenest lithium operations in the world. Minas Gerais state owned Companhia Brasileira de Litio's mining operation, Lithium Ionic (TSXV: LTH) and Australian-based Latin Resources Limited (ASX: LRS) have also recently made significant discoveries in the same, well known lithium district in Minas Gerais. The initial exploration program commenced December 2022 on the Foxfire licences in Minas Gerais and has confirmed pegmatite outcropping and historic mine workings where pegmatites have been mined. The Company has not acquired any historical data on the previous mining operations, however rock chip and soil samples are being collected and will be forwarded to SGS laboratories in Brazil to test for LCT pegmatites (lithium, cesium, and tantalum) in line with the historic production within the district. Results are expected in the 1st quarter of 2022. The Company will provide further details on the remaining lithium and REE licences in Q1 2023. Commenting on the transaction, Peter Wilson, CEO of St. Anthony stated, 'We are excited about the acquisition of these highly prospective lithium and rare earth element projects across three states in Brazil.'

Contact:

Peter Wilson

CEO

Email: info@stanthonygoldcorp.com

T: 604-649-0945

Further information about the Company is available on www.SEDAR.com under the Company's profile. Old workings at Minas Gerais and surface explosure of pegmatities have been confirmed. 4 Certain statements contained in this release may constitute 'forward-looking statements' or 'forward-looking information' (collectively 'forward-looking information') as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words 'could', 'intend', 'expect', 'believe', 'will', 'projected', 'estimated', 'anticipates' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forwardlooking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities

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