Glenstar Receives Approval for Extensive Drill Program at Wildhorse Tungsten-Copper-Polymetallic Project in Nevada

Executive Summary

• Glenstar Minerals received BLM approval to commence a 13‑hole reverse‑circulation drill program at the Wildhorse Project (Nevada).
• The plan includes construction of ~2,200 ft of new access road and engagement of Midnight Sun Drilling Inc. to execute drilling.
• Drill targets focus on the copper‑silver‑base‑metal rich Coca Cola Zone (6 holes) and the adjacent Rattlesnake Zone (7 holes), with depths up to 500 ft.

Key Details

• Regulatory Approval: BLM authorized both the drill program and additional road construction.
• Drilling Contractor: Midnight Sun Drilling Inc., a 50‑year‑old firm previously used on Glenstar’s Green Monster Project.
• Road Construction: Approximately 2,200 ft of new access roads to improve site logistics.
• Coca Cola Zone – Drill Plan:
• Six holes along a ~500‑ft mineralized trend; each up to 500 ft deep at variable angles.
• Prior trenching returned Cu assays of 1.6 %, 5.3 %, 2.3 % and 5.1 %; average 21.6 ppm Ag, 156 ppm Bi, 72.5 ppm W.
• Rattlesnake Zone – Drill Plan:
• Seven vertical holes, each 300–500 ft deep, targeting north‑south mineralization direction.
• Geological Context: Property hosts skarnified intrusions with high‑grade Cu‑Ag and anomalous W, Bi, Sb; surrounding zones show Zn‑Pb enrichment. Potential strike length >1 km between the two zones.
• Assay Status: Trenching assay results (late Feb) are pending from ALS Chemex; expected imminently.
• Project Size: 89 mineral claims covering ~1,780 acres (720 ha) in Mineral County, Nevada.
• Historical Background: Claims date back to late 1800s–early 1900s; prior work identified >1 g/t Au, 1 % Cu, 6,100 ppm Sb, plus W and Bi anomalies.

Notable Quotes

“We are quite pleased with the quick turnaround from the BLM in approving the drill program and new road access construction… Personally, I am quite excited to kick off this next stage of exploration drilling to see how significant the extent of polymetallic mineralization, and tungsten in particular, at Wildhorse truly is.” – Bob Marvin, Project Geologist

Materiality Assessment: Non‑Material – Positive (forward‑looking operational update with no immediate financial impact).