Blue Star Gold Corp. (TSX-V: BAU; OTCQB: BAUFF; FSE: 5WP0) announced the closing of the final tranche of its non-brokered private placement, raising $100,000 through the issuance of 400,000 flow-through common shares at $0.25 per share, bringing total proceeds from the offering to $1,350,000.

The flow-through shares (FT Shares) will qualify under the Income Tax Act (Canada), with Blue Star renouncing the associated expenditures to investors for the taxation year ending December 31, 2025.

As part of the offering, the Company paid finder’s fees totaling $6,000 in cash and issued 24,000 non-transferable finder’s warrants, exercisable at $0.25 until November 28, 2027. All securities issued are subject to a four-month hold period, expiring March 29, 2026, under Canadian securities laws.

Use of Proceeds

• Net proceeds from the FT Shares will be used for Canadian exploration expenses on Blue Star’s projects in Nunavut before December 31, 2026.
• Proceeds from non-FT shares will support general working capital requirements.

The Private Placement is subject to final approval by the TSX Venture Exchange.

About Blue Star Gold

Blue Star is a mineral exploration and development company focused in Nunavut, Canada, with over 300 square kilometres of highly prospective land in the High Lake Greenstone Belt. Key projects include:

• Ulu Gold Project: Comprising the Ulu Mining Lease and Hood River Property, hosting a significant high-grade gold resource at the Flood Zone deposit.
• Roma Project: Featuring numerous high-potential gold and critical mineral targets.

The projects are strategically located 40–100 km south of the proposed deep-water port at Grays Bay, with the planned all-weather Grays Bay Road corridor passing near both the Ulu and Roma projects.

Blue Star is listed on:

• TSX Venture Exchange: BAU
• OTCQB Venture Market: BAUFF
• Frankfurt Exchange: 5WP0

For more information, visit: www.bluestargold.ca.