Glenstar Receives Drill Permit for Phase 2 Program at Green Monster Project

Executive Summary

• Glenstar Minerals received a Bureau of Land Management permit to commence a Phase 2 drill program at the Green Monster Project in southwestern Nevada.
• The program will consist of up to nine drill holes across four locations, targeting approximately 300 m of strike‑length exploration, with hole placement to be refined after analysis of a completed hybrid‑source audio‑magnetotellurics (HSAMT) survey.
• The permit and upcoming geophysical data are viewed as a positive step toward testing the sulfide‑facies mineralization that underlies earlier oxide intercepts identified in 2024‑2025 field work.

Key Details

• Permit Scope: Authorization for nine drill holes distributed as follows – 2 holes near Phase 1 primary target, 3 holes in the “discovery” zone (≈150 m west of Phase 1), and 2 holes each at two additional sites further west along the east‑west trending mineralized belt.
• Planned Drill Length: Approximately 300 metres total strike length.
• Survey Integration: Final HSAMT report (13 lines, 50 m spacing) from Hasbrouck Geophysics and Advantage Geophysics expected early December; results will dictate precise hole locations.
• Geophysical Methodology: Data to be processed into 2‑D/3‑D cross‑sections, interpolated cubes, and horizontal depth slices for detailed subsurface modeling.
• Historical Context: No prior drilling on the property before May 2025; earlier work (2022–2024) identified robust Ni‑Cu‑Co mineralization with high‑grade Zn and Ag in surface samples (e.g., 1.18 m of 3.77 % Cu, 3.06 % Ni, 0.21 % Co, 6.83 % Zn).
• CEO Comment: “The completion of the geophysical field work is an important milestone. Once we have the final report … we will use this data to target sulfide facies mineralization in the area of the oxide mineralization that was intersected last summer.” – Dave Ryan, President & CEO

Notable Quotes

• Dave Ryan, President & CEO: “The completion of the geophysical field work is an important milestone. Once we have the final report from Hasbrouck we will use this data to target sulfide facies mineralization in the area of the oxide mineralization that was intersected last summer.”