Star Copper closes oversubscribed private placement

Executive Summary

• Star Copper Corp. has closed its non-brokered private placement of flow-through shares, which was upsized due to investor demand.
• The company raised total gross proceeds of $8,612,000 from the sale of 6,889,600 flow-through shares at $1.25 per share.
• Proceeds are designated for Canadian exploration expenses on the Star project in British Columbia, specifically to fund an aggressive 2026 drill program including stepout drilling and geophysics.

Key Details

• Total Gross Proceeds: $8,612,000
  • Initial tranche: $7,306,000 from 5,844,800 shares.
  • Upsized tranche: $1,306,000 from 1,044,800 additional shares.
• Share Price: $1.25 per flow-through (FT) share.
• Total Shares Issued: 6,889,600 FT shares.
• Use of Proceeds: Incurring Canadian exploration expenses classified as flow-through critical mineral mining expenditures on the Star project.
• Operational Plan: Funds will support an aggressive 2026 drill program, including:
  • Expanded stepout drilling.
  • Deeper testing of priority targets.
  • Follow-up drilling.
  • Three-dimensional geological modelling.
  • Planned deep-penetrating 3-D geophysics.
• Finder’s Fees: Cash fees totaling $420,332.50 were paid in connection with subscriptions.
• Hold Period: All securities have a hold period of four months and one day from the date of issuance.
• Charity Units: The private placement of charity flow-through units, announced on March 3, 2026, is continuing.
• Tax Status: Shares issued as flow-through shares as defined in Subsection 66(15) of the Income Tax Act (Canada).