Glenstar plans phase 2 drilling at Green Monster

Mr. David Ryan reports GLENSTAR PROJECT AND CORPORATE UPDATE Glenstar Minerals Inc. has provided this corporate and project update summary on recent and current activities. Green Monster project: In February, 2025, the company was granted a permit to conduct a drill program on its Green Monster property, located in Clark county, Nevada (see news release dated Feb. 11, 2025). In April, 2025, the company contracted Midnight Sun Drilling Inc. (MSD) to conduct the drill program at Green Monster (see news release dated April 22, 2025). In May, 2025, MSD began drilling in accordance with the initial drill plan set out by Glenstar, which comprised five holes (see news releases dated May 14, 2025, and May 28, 2025). In July, 2025, the company announced assay results from the drill program conducted in May and reported a new zone of polymetallic mineralization, with a very high-grade zinc occurrence that is more than 30 per cent along with a significant assay result of up to 177 parts per million (ppm) of silver (5.7 ounces per ton (oz/t)), 523 ppm of nickel (0.0523 per cent), 91.9 ppm of cobalt (0.0019 per cent) and copper that is more than 0.36 per cent (see news release dated July 16, 2025). In August, 2025, Glenstar reported that, as a result of the discovery of the new zone of polymetallic mineralization during phase 1 drilling, the company will be shifting further exploration and drilling focus to this new zone for the phase 2 plan (see news release dated Aug. 13, 2025). Wildhorse project: In May, 2025, the company announced that it had staked 45 mineral claims representing 900 acres (364 hectares) in Mineral county, Nevada (see news release dated May 8, 2025). In June, 2025, Glenstar began a work program that included focused rock chip sampling and geologic mapping of three known zones of outcropping mineralization (see news release dated June 5, 2025). In July, 2025, the company completed the phase 1 exploration work program. As part of the phase 1 exploration program, Glenstar increased its land position to 61 claims, representing 1,220 acres (494 hectares) (see news release dated July 9, 2025). Also in July, 2025, the company announced initial assay results from the phase 1 work program. Four samples collected at the Coca Cola zone returned copper values of 1.6 per cent, 5.3 per cent, 2.3 per cent and 5.1 per cent along with an average of 21.6 ppm of silver (see news release dated July 23, 2025). In September, 2025, Glenstar received assay results from the phase 1 field exploration work. These results returned 11.2 grams per tonne (g/t) (0.36 oz/t) gold, 11.35 g/t (0.37 oz/t) silver, as well as multiper-cent copper and a series of very strong tungsten-bismuth anomalies that were mapped in four distinct stream drainages (see news release dated Sept. 3, 2025). All assays reported were conducted by ALS Chemex in Vancouver, B.C., Canada. Corporate events: In March, 2025, the company announced that its common shares were approved for trading on the OTCQB Venture Market under the symbol GSTRF as of the opening of the market on March 6, 2025 (see news release dated March 10, 2025). In April, 2025, the company received regulatory approval to change its name from Glenstar Ventures Inc. to Glenstar Minerals, effective April 7, 2025 (see news release dated April 7, 2025). In May, 2025, the company engaged Think Ink Marketing, of Santa Ana, Calif., to conduct a marketing and awareness campaign to update existing stakeholders and shareholders, and introduce Glenstar and its critical mineral exploration projects to a wider audience. The agreement was for a term of one month, which can be extended on a month-to-month basis following evaluation of each campaign's effectiveness in achieving its goals (see news release dated May 8, 2025). On July 8, 2025, the company announced that it engaged Altura Media Co. Inc., of Vancouver, B.C., to provide certain marketing and investor awareness services in accordance with the policies of the Canadian Securities Exchange and applicable legislation (see news release date July 8, 2025). In July, 2025, Glenstar announced that it had received a listing on the Tradegate Exchange, headquartered in Berlin, Germany, to facilitate greater access and visibility to European and international investors (see news release dated July 22, 2025). On Aug. 13, 2025, the company announced that it agreed to continue the engagement of Altura Media Co., of Vancouver, B.C., to provide certain marketing and investor awareness services (see news release dated Aug. 13, 2025). In August, 2025, the company entered into an agreement with Hampton Securities Ltd. to sell up to 2.95 million units of the company at a price of 68 cents per unit for aggregate gross proceeds of up to $2,006,000. This financing agreement was amended to increase the size of the offering to raise proceeds of up to $3,060,000, consisting of 4.5 million units (see news releases date Aug. 18, 2025, and Aug. 20, 2025). On Aug. 26, 2025, Glenstar announced that it had closed the private placement of 4.5 million units, plus the agent's overallotment option of an additional 622,235 units. The company issued 5,122,235 units for total gross proceeds of $3,483,119.80 (see news release dated Aug. 26, 2025). Current and next steps: The company is currently awaiting assays for platinum, palladium and other rare earth elements from Green Monster. Drill selection and permitting for phase 2 at Green Monster are under way. It is expected that Glenstar will target up to eight holes totalling 2,000 feet to further define the discovery in hole GMST-4. Staking of 30 additional claims at Wildhorse is under way to extend the area southwest, south and southeast of existing claims. The company has retained a consultant to produce high-quality geologic and alteration maps of the Wildhorse project. The company has retained Quantec Geoscience to provide a formal bid and schedule to perform a drone mag survey of the Wildhorse project, consisting of east to west flight lines with spacing yet to be determined. An application for a permit to conduct trenching at the Coca Cola zone at Wildhorse has been submitted to the BLM in Carson City. The company amended its agreement with Altura, and agreed to extend and accelerate certain marketing and investor awareness services as set out in the original agreement. The terms of the revised agreement state Altura will continue to deliver strategic advertising, public relations and investor communications services for the company for an extended period for consideration of $250,000 (see news releases dated July 8, 2025, and Aug. 13, 2025). Project background 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 highly anomalous cobalt from sampling work done in 2022 indicated that several targets were ideal for shallow RC (reverse circulation) drilling. The Wildhorse property comprises 61 mineral claims, representing 1,220 acres (494 hectares) in Mineral county, Nevada, and was initially targeted after compilation of all available data, including notes of a 1975 field examination contained in the Anaconda Company archives housed at the University of Wyoming. The claims show historical workings that date from the late 1800s and early 1900s. 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. Glenstar's shares trade on the Canadian Securities Exchange (symbol GSTR), on the Frankfurt Stock Exchange (symbol VO20) and on the over-the-counter market (OTCQB) in the United States (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 supervised the preparation of, and has reviewed and approved, the technical information in this news release. We seek Safe Harbor.