Dark Star Announces Final Share Issuance and Completion of Bleasdell Project Option

Executive Summary

• Dark Star Minerals issued 1,500,000 common shares at $0.06 per share to two vendors under an amendment agreement, fulfilling all obligations and exercising its option to acquire 100% ownership of the Bleasdell Project in Saskatchewan.
• The acquisition is now complete; the vendors retain a 2.0% net smelter return royalty on the project.
• All securities issued are subject to a statutory hold period of four months and one day.

Key Details

• Share Issuance: 1,500,000 common shares at a deemed price of $0.06 per share (aggregate consideration ≈ $90,000).
• Amendment Agreement Date: October 15 2025; amended terms of the original Purchase and Sale Agreement dated April 18 2025.
• Acquisition Completion: Dark Star has exercised its option and now holds 100% legal and beneficial interest in the Bleasdell Project.
• Royalty Grant: Vendors receive a 2.0% net smelter return royalty on future production from the Bleasdell Project.
• Statutory Hold Period: Shares issued are subject to a hold period expiring four months and one day after issuance.
• Previous Disclosures: References to prior news releases (April 1, April 22, May 8, June 3, October 21 2025) for additional context on the transaction.

Notable Quotes

“We are thrilled to announce the completion of our acquisition of a 100% interest in the Bleasdell Project. This achievement represents a significant step forward in our strategy to build a robust pipeline of critical mineral assets, and we look forward to advancing the development of the Bleasdell Project as part of our growing portfolio.” – Marc Branson, President & CEO

Materiality Assessment: Material – Positive (completion of a strategic acquisition that secures full ownership of a key mineral project).