Dark Star Announces Termination of Option Agreement with Critical One Energy Inc.

Executive Summary

• Dark Star Minerals and Critical One Energy have mutually agreed to terminate their August 7 2025 Option and Property Acquisition Agreement.
• Under the termination, Critical will return 14,200,000 of Dark Star’s common shares that were issued pursuant to the original option agreement.
• The termination ends Dark Star’s option to acquire up to 100% of Critical’s interests in three Namibian prospecting licenses (7011, 8115, 8531) and related interests in Mining License 86A and Prospecting License 8905.

Key Details

• Termination Agreement: Executed between Dark Star Minerals Inc. (“Dark Star”) and Critical One Energy Inc. (“Critical”).
• Original Option Agreement (dated August 7 2025): Granted Dark Star an option to acquire:
• Up to 100% of Critical’s right, title and interest in Exclusive Prospecting Licenses 7011, 8115, and 8531 located near the Rossing Uranium Mine, Namibia.
• Critical’s 16% indirect interest in Mining License 86A and Exclusive Prospecting License 8905.
• Share Return: Critical will return an aggregate of 14,200,000 Dark Star common shares previously issued under the Option Agreement.
• Effect of Termination: All rights and obligations under the Option Agreement are extinguished; Dark Star no longer holds any option or prospective interest in the Namibian licenses referenced above.
• No Additional Consideration Reported: The release does not disclose any cash payment, fees, or other consideration associated with the termination beyond the share return.

Notable Quotes

“Marc Branson,” President, CEO and Director of Dark Star Minerals – (no direct quote provided in the release).