Mr. Frank Dumas reports

ST-GEORGES PLATINUM AND BASE METALS LTD. CORPORATE UPDATE

St-Georges Platinum and Base Metals Ltd. has provided a corporate update to its shareholders.

Changes to management and board of directors

On May 21, 2015, director Guy Simard tended his resignation due to time constraints. William (Bill) Fleming has accepted the position of independent director on the board of St-Georges.

Mr. Fleming has founded and served as chief executive officer for a number of entrepreneurial companies, and has served with senior executive teams dealing with equity and debt financings. Mr. Fleming has developed corporate strategies for a wide range of companies, from family-owned businesses to multinational companies. Mr. Fleming is the CEO and director of Abattis Bioceuticals Corp. and serves as a director of NWest Energy Corp. Mr. Fleming has experience in raising equity for junior mining projects and has experience in mineral exploration programs.

Vivian Doyle-Kelly ceased to act as the chief financial officer of the company on May 22, 2015, and was replaced by Rick Barnett.

Mr. Barnett has extensive corporate experience as a CFO, controller and secretary, with over 20 years of accounting experience serving both public and private corporations. Mr. Barnett's experience covers a wide range of companies producing oil and gas, resource and explorations, engineering, and research and development industries. Mr. Barnett is a member of the Certified General Accountants of British Columbia.

Shares for debt

The acquisition agreement for the Villebon project between St-Georges and Sheridan Platinum Group included an annual advance royalty payment starting at the end of year three (December, 2012). On St-Georges's balance sheet, $60,000 was accrued in favour of Sheridan and one million shares will be issued as a shares for debt transaction. The amended agreement eliminates the advance royalty in favour of Sheridan in exchange for a 5-per-cent interest in the project, and the engagement by St-Georges to deliver a National Instrument 43-101 report no later than December, 2017.

We seek Safe Harbor.