Dark Star completes Bleasdell project option

Executive Summary

• Dark Star Minerals Inc. has completed the acquisition of a 100% interest in the Bleasdell project in Saskatchewan by issuing 1.5 million common shares to the vendors.
• This issuance fulfills all remaining obligations under the amended purchase and sale agreement, effectively exercising the option to acquire the project.
• The transaction includes a 2.0% net smelter return (NSR) royalty granted to the vendors and subjects the issued shares to a statutory hold period.

Key Details

• Transaction Completion: Dark Star issued an aggregate of 1.5 million common shares to two arm's-length vendors.
• Share Price: The shares were issued at a deemed price of $0.06 per share.
• Asset Acquired: 100% of the vendors' legal and beneficial right, title, and interest in the Bleasdell project mineral claims located in Saskatchewan.
• Royalty Terms: The vendors were granted a 2.0% net smelter return (NSR) royalty on the Bleasdell project.
• Regulatory Hold: All securities issued are subject to a statutory hold period expiring four months and one day from the date of issue.
• Agreement Context: The issuance was pursuant to an amendment agreement dated October 15, 2025, which amended the original purchase and sale agreement dated April 18, 2025.
• Previous Milestones: This release follows the company's news release of October 22, 2025, and references prior releases regarding the project (April 1, April 22, May 8, June 3, and October 21, 2025).

Notable Quotes

• "We are thrilled to announce the completion of our acquisition of a 100-per-cent 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 and CEO