Original News Release
Dark Star completes Bleasdell project option
Mr. Marc Branson reports
DARK STAR ANNOUNCES FINAL SHARE ISSUANCE AND COMPLETION OF BLEASDELL PROJECT OPTION
Further to the news release of Oct. 22, 2025, Dark Star Minerals Inc. has issued an aggregate of 1.5 million common shares in the capital of the company at a deemed price of six cents per share pursuant to the amendment agreement dated Oct. 15, 2025, with two arm's-length vendors, whereby certain terms of the purchase and sale agreement dated April 18, 2025, relating to the acquisition of 100 per cent of the vendors' legal and beneficial right, title and interest in and to certain mineral claims known as the Bleasdell project, were amended.
Following the issuance of the shares to the vendors, Dark Star has fulfilled all of its obligations under the agreement, as amended, and has exercised its option to acquire a 100-per-cent interest in the Bleasdell project. This milestone marks the completion of the company's final obligation under the agreement, as amended, and secures Dark Star's ownership of the Bleasdell project in Saskatchewan. The vendors have also been granted a 2.0-per-cent net smelter return royalty on the Bleasdell project.
Marc Branson, president and chief executive officer of Dark Star, commented: "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."
All securities issued in connection with the amendment agreement are subject to a statutory hold period expiring four months and one day from the date of issue.
For more information on the agreement and the Bleasdell project, see Dark Star's news releases dated April 1, 2025, April 22, 2025, May 8, 2025, June 3, 2025, and Oct. 21, 2025, each available under its profile on SEDAR+.
About Dark Star Minerals Inc.
Dark Star is a mineral exploration company focused on the strategic development of uranium and critical mineral resources.
We seek Safe Harbor.
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