SOURCE: St James Capital Holdings, Inc.

May 23, 2005 08:00 ET

St James Capital Holdings, Inc. Appoints Transfer Agent

Company Appoints First American Stock Transfer, Inc. as Its Transfer Agent

NEW YORK, NY -- (MARKET WIRE) -- May 23, 2005 -- St James Capital Holdings, Inc. (OTC: SJCH) announced today that it has appointed First American Stock Transfer, Inc. as its Transfer Agent with immediate effect.

First American Stock Transfer, Inc.'s contact details are as follows:

Office Address: 706 E. Bell Road, Suite 202, Phoenix, Arizona 85022, USA.
Telephone: 602-485-1346
Fax: 602-788-0423
St James Capital Holdings Inc., under the leadership of Stephen Lumb, controls the UK-based St James Resource Management Limited Group ("Resource Group") of Companies primarily in the Structured and Corporate Finance arenas advising clients on capital raising, restructuring and admission to equity markets in the United States. Resource Group invests on a short-term basis in these companies as well as providing short-term capital prior to their flotation on USA equity markets. Resource Group places lines of stock in these client companies for cash, post their admission to USA equity markets. Resource Group also holds a portfolio of development Real Estate in the United States. Resource Group has a net asset value of in excess of US$120 million and posted earnings in excess of US$4 million in the last financial year. Resource Group has in excess of twenty new clients which are in the process of seeking admission to the USA equity markets at this time as well as a number of existing clients whose stocks are quoted on the OTC BB Market and on the OTC Pink Sheets Market.

Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.

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