Glenstar receives permit for phase 2 drilling in Nevada

Mr. David Ryan reports GLENSTAR RECEIVES DRILL PERMIT FOR PHASE 2 PROGRAM AT GREEN MONSTER PROJECT Glenstar Minerals Inc. has been granted a permit by the Bureau of Land Management (BLM) to conduct the phase 2 drill program at its Green Monster project in southwestern Nevada. The permit allows the company to drill nine holes over four locations on the property and will comprise approximately 300 metres of strike length exploration. As currently planned, Glenstar will collar two holes in the area of the primary drilling undertaken in the phase 1 drill program; three holes will focus on the area that is considered the discovery zone 150 metres to the west of the primary phase 1 drill site and two holes each at two sites will be situated farther west along what is believed to be the mineralized east-west-trending belt. The precise location of each drill hole is yet to be determined and will be decided upon review of the data gleaned from the previously announced hybrid-source audio-magnetotellurics (HSAMT) survey that was conducted by Hasbrouck Geophysics Inc., of Prescott, Ariz., and Advantage Geophysics Inc., of Phoenix, Ariz. This survey has now concluded and the results, along with the various data sets, will be contained in a final report that will be provided to the company by Hasbrouck. This report is expected to be completed in early December and the results will be instrumental in determining the best, and most advantageous, location for each hole of the phase 2 drill program. The survey data were acquired at intervals of 50 metres along 13 lines and was conducted by a three-person field team from Advantage, in conjunction with Hasbrouck. The data collected are currently being analyzed and interpreted using sophisticated software that will convert it into two- and three-dimensional cross-sections in depth and/or elevation formats. The complete data set will be interpolated into a rectangular cube and horizonal depth slices, referenced to the surface. The final report will detail the methodology, data acquisition, processing, modelling and interpretation of the data (see news release dated Oct. 29, 2025), and will provide Glenstar's geologic team with the information it needs to best determine the location of each drill hole in the phase 2 program. Glenstar chief executive officer Dave Ryan stated: "The completion of the geophysical fieldwork is an important milestone. Once we have the final report from Hasbrouck, we will use this data to target sulphide facies mineralization in the area of the oxide mineralization that was intersected last summer." Project background and recent exploration work The Green Monster property comprises 35 federal lode claims covering approximately 700 acres located in Clark county, Nevada, on the west-trending spur of the Spring Mountains and is approximately 40 miles southwest of Las Vegas. Until the recent drill program in May of 2025, no drilling was ever conducted on the property, but the company's previous identification of robust nickel-copper with anomalous cobalt from sampling work done in 2022 indicated that several targets were ideal for shallow RC drilling (see news releases dated May 28, 2025, and July 16, 2025). Glenstar acquired the Green Monster property and conducted initial groundwork in 2022 that included reconnaissance geologic mapping, surface rock sampling, soil sampling and a drone magnetic survey. Channel sampling across the exposed back of a raise off the main shaft returned 1.18 metres of 3.77 per cent Cu (copper), 3.06 per cent Ni (nickel), 0.21 per cent Co (cobalt) and 6.83 per cent Zn (zinc). These values are well in excess of select dump samples from historical underground workings and represent in-place, vein-style mineralization. Sampling of oxide- and sulphide-bearing boulders directly downhill of the patented workings has confirmed the presence of very high zinc (more than 10 per cent) and silver (more than 200 parts per million (ppm)), as well as copper, uranium and lead. (Sampling results provided above were previously published in the Green Monster project National Instrument 43-101 technical report dated June 20, 2023, Section 7.5.) About Glenstar Minerals Inc. Glenstar is a mineral exploration company with a focus on polymetallic minerals. These elements are classified as critical minerals and are essential in the manufacturing of sophisticated electronics and other vital energy technologies. The company's mission is to leverage its knowledge and connections to explore, acquire and develop critical mineral and energy metal properties throughout the world. Glenstar's shares trade on the Canadian Securities Exchange under the symbol GSTR, on the Frankfurt Stock Exchange under the symbol VO20 and on the over-the-counter market (OTCQB) in the United States under the symbol GSTRF. Robert Marvin, PGeo (Ontario), is the qualified person as defined by National Instrument 43-101 and is the independent consulting geologist for Glenstar Minerals, who has examined the Green Monster and Wildhorse properties on the ground numerous times since 2022 and 2024, respectively. All fieldwork relating to geologic observations and sampling, as reported herein, has been directly overseen by Mr. Marvin, who supervised the preparation of, and has reviewed and approved, the technical information in this news release. We seek Safe Harbor.