| 1. | I have reviewed this Amended      Quarterly Report on Form 10-Q/A of The Saint James      Company; |
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| 2. | Based on my knowledge, this      report does not contain any untrue statement of a material fact or omit to      state a material fact necessary to make the statements made, in light of      the circumstances under which such statements were made, not misleading      with respect to the period covered by this  report; |
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| 3. | Based on my knowledge, the      financial statements, and other financial information included in this      report, fairly present in all material respects the financial condition,      results of operations and cash flows of the Company as of, and for, the      periods presented in thisreport; |
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| 4. | The Company’s other certifying      officer and I are responsible for establishing and maintaining disclosure      controls and procedures (as defined in Exchange Act Rules 13a-15(e) and      15d-15(e)) and internal control over financial reporting (as defined in      Exchange Act Rules 13a-15(f) and 15-d-15(f)) for the Company and      have: |
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|  | a) | Designed such disclosure controls      and procedures, or caused such disclosure controls and procedures to be      designed under our supervision, to ensure that material information      relating to the Company, including its consolidated subsidiaries, is made      known to us by others within those entities, particularly during the      period in which this report is being  prepared; |
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|  | b) | Designed      such internal control over financial reporting, or caused such internal      control over financial reporting to be designed under our supervision, to      provide reasonable assurance regarding the reliability of financial      reporting and the preparation of financial statements for external      purposes in accordance with generally accepted accounting      principles; |
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|  | c) | Evaluated the effectiveness of      the Company’s disclosure controls and procedures and presented in this      report our conclusions about the effectiveness of the disclosure controls      and procedures, as of the end of the period covered by this report based      on such evaluation;and |
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|  | d) | Disclosed in this report any      change in the Company’s internal control over financial reporting that      occurred during the Company’s most recent fiscal quarter that has      materially affected, or is reasonably likely to materially affect, the      issuer’s internal control over financial reporting;    and |
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| 5. | I have disclosed, based on the      most recent evaluation of internal control over financial reporting, to      the Company’s auditors, audit committee and board of directors (or persons      performing the equivalentfunctions): |
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|  | a) | All significant deficiencies and      material weaknesses in the design or operation of internal control over      financial reporting which are reasonably likely to adversely affect the      Company’s ability to record, process, summarize and report financial      information; and |
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|  | b) | Any fraud, whether or not      material, that involves management or other employees who have a      significant role in the Company’s internal control over financial      reporting. |
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| Date:  September      4, 2009 | By:                                           | /s/ DALE      PAISLEY |
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|                                    | Dale      PaisleyChief      Financial Officer |

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