Golden Star Capital Ventures Inc. Announces Subscription Receipt Financing In Connection With Proposed Qualifying Transaction

• On 8 Apr 2026 the company announced a non‑brokered private placement of up to $2 million in subscription receipts at $0.30 each.
• Proceeds will fund the proposed acquisition of Okanagan Insulation Services Ltd., satisfying TSX‑V “Qualifying Transaction” rules; any excess goes to working capital.
• Receipts automatically convert into common shares once escrow release conditions are met, otherwise funds are returned.
• Shares issued on conversion will be subject to a four‑month hold period under Canadian securities law.

• The financing is a direct follow‑up to the 19 Mar 2026 LOI announcement that outlined a $4.5 M purchase price and a concurrent $2 M equity raise plus a $2 M secured loan.
• By actually closing the equity component, Golden Star removes a key execution hurdle, reducing financing risk and keeping the transaction on track for the anticipated June 30 2026 closing.
• The terms (price $0.30, escrow structure) are in line with expectations; no premium or unexpected covenant was disclosed.
• Consequently the news is materially positive but routine, as it confirms previously signaled financing plans rather than delivering a surprise catalyst.

Golden Star Capital Ventures Inc. operates as a TSX‑V capital pool company whose strategy is to acquire an operating business that generates cash flow and dividends for shareholders. The flagship project is the acquisition of Okanagan Insulation Services Ltd., a long‑standing residential/commercial insulation contractor in British Columbia with over 50 years of history.