Western Star Resources Increases Non-Brokered Private Placement for Aggregate Proceeds of CAD $3,000,000

Executive Summary

• Western Star Resources announces an increase to its non‑brokered private placement of up to 20 million units at $0.15 per unit, targeting gross proceeds of up to $3 million.
• Each unit includes one common share and one warrant to purchase an additional share at $0.30 for 24 months.
• Net proceeds will fund high‑priority drilling at the Western Star Project, expansion into Nevada, general working capital, and market awareness initiatives.

Key Details

• Private Placement Size: Up to 20,000,000 units (each = 1 common share + 1 warrant).
• Price per Unit: $0.15 → Maximum Gross Proceeds: $3,000,000.
• Warrant Terms: One additional common share at $0.30 exercisable for 24 months from issuance.
• Use of Net Proceeds:
• Define and drill high‑priority targets at the Western Star Project (BC).
• Advance critical metals expansion into Nevada.
• General working capital.
• Market awareness activities.
• Approvals Required: CSE approval and execution of formal documentation.
• Stock Option Grant: 150,000 options to a consultant; exercise price $0.27 per share; three‑year term.

Notable Quotes

“We are extremely pleased with the strong interest in this financing, which reflects growing recognition of tungsten and critical minerals as strategic resources in North America… This capital positions Western Star to aggressively advance high‑priority drill targets at our Western Star Project while accelerating our expansion into Nevada.” – Blake Morgan, President & CEO

All boilerplate, forward‑looking disclaimer, and “About the Company” sections have been omitted for brevity.