St. Augustine Gold and Copper Limited announced that the Mines and Geosciences Bureau of the Philippine Government has approved the Declaration of Mining Project Feasibility (DMPF) for the King-king Copper-Gold Project located in Mindanao, Republic of the Philippines. The permit approval, which was awarded to St.

Augustine's joint venture partner, Nationwide Development Corporation (NADECOR), is the last major permit required to initiate development, construction and operation of the King-king Mine. The King-king Copper-Gold Project is located in Compostela Valley in the Philippines, and is expected to recover 3.16B lbs. of copper and 5.43M oz.

of gold over its 25 year mine and process life. The estimated mineral reserves amount to 617.9 million tonnes at 0.300% total copper and 0.395 g/t gold.