Phase 2 Drill Program Completed at Green Monster Project in Nevada. Visual Evaluation Confirm Considerable Fracturing and Alteration in the Rock

Executive Summary

• Glenstar Minerals completed a six‑hole, 3,320‑ft Phase 2 reverse‑circulation drill program at the Green Monster Project in Nevada; rock samples have been sent to ALS Chemex for assay.
• Visual field observations indicate that four of the six holes show significant fracturing and alteration (abundant clay, orange/red oxide minerals), supporting the company’s hypothesis of a sizable polymetallic zone.
• The program builds on Phase 1 results (May 2025) that intersected a high‑grade zinc zone (>30% Zn) with notable silver (177 ppm), nickel, cobalt and copper values.

Key Details

• Program Scope: 6 holes drilled from 500 ft to 585 ft depth; angles ranged from vertical to 65°.
• Drilling Method: Track‑mounted reverse circulation (RC) drill.
• Total Depth Drilled: 3,320 ft across the six holes, collared at three separate drill pads.
• Geological Observations:
• 3 holes – highly fractured rock with abundant clay alteration and bright orange/red oxide minerals, plus decalcification.
• 1 additional hole (south‑west of the Phase 1 “Discovery Hole”) also showed substantial fracturing and alteration; considered of significant interest.
• Remaining 2 holes – visual inspection unremarkable.
• Target Areas:
• Three holes re‑entered the vicinity of the Phase 1 “Discovery Hole”; two are deemed of significant interest, the third less so but still noteworthy.
• One hole located ~90 m SW of the Discovery Hole shows promising alteration.
• Assay Status: All core has been bagged and shipped to ALS Chemex in Vancouver for laboratory analysis; results pending.
• Phase 1 Context (May 2025): Intersected a ~10‑m wide mineralized zone with >30% Zn, 177 ppm Ag (5.7 oz/t), 523 ppm Ni, up to 91.9 ppm Co, and >0.36% Cu at depths of ~131–142 m (~430–465 ft).
• Historical Work: Prior sampling (2022) returned high‑grade values (e.g., 3.77% Cu, 3.06% Ni, 0.21% Co, 6.83% Zn) from channel samples; oxide/sulfide boulders showed >10% Zn and >200 ppm Ag.
• Management Quote: “We are extremely pleased with the initial visual evaluation… Only assays and time will tell.” – Bob Marvin, Geologist.

Notable Quotes

“We are extremely pleased with the initial visual evaluation of the six holes drilled during Phase 2 of our ongoing drill plan. The fact that three of the six holes drilled showed significant alteration and fracturing, and a fourth hole with good potential as well, continues to support Glenstar's belief that the polymetallic zone we're drilling could represent a significant discovery.” – Bob Marvin, Geologist

Materiality Assessment: Non‑Material – Positive (exploratory update providing encouraging visual indicators but no assay results or financial impact yet).