Mr. Carl Ginn reports

HUNTSMAN EXPLORATION TO ACQUIRE LUX LAKE PROPERTY, SASKATCHEWAN

Huntsman Exploration Inc. has entered into an agreement to acquire three mineral claims totalling 10,025 hectares within the south-central part of the Rottenstone domain of Saskatchewan, approximately 80 kilometres due north of La Ronge, Sask., and known as the Lux Lake property.

The property is contiguous to the south-southwest of Ramp Metals' Rottenstone Southwest property, where exploration resulted in a grassroots discovery hole at the Ranger-01 prospect, which included 73.55 grams per tonne gold over 7.5 m from 227 m to 234.5 m depth (see news release dated June 17, 2024).

The company cautions that past results or discoveries on adjacent properties may not necessarily be indicative to the presence of mineralization on the property.

The claims are situated along a major northeast-southwest structural corridor within the south-central parts of the Rottenstone domain, Saskatchewan. Geologically, the belt is dominated by northeast-striking, metamorphic assemblages that range from upper amphibolite to granulite facies metamorphic grade. The belt incorporates both supracrustal and granitic rocks, and their metamorphic equivalents.

The northeastern part of the Rottenstone domain encompasses the past-producing Rottenstone mine, which produced 26,057 tonnes at an average grade of 3.28 per cent nickel, 1.83 per cent copper and 9.63 g/t PGE (platinum group elements) plus Au. Several base metal and gold showings are known throughout the belt.

Originally considered to have low prospectivity for gold mineralization due to the high-grade metamorphic grade of the Rottenstone domain, the recent discovery of gold by Ramp Metals at its Rottenstone Southwest property has highlighted an exciting exploration opportunity.

At Lux Lake, there is no recorded mineral exploration specifically targeting gold and/or silver. Government lake and till sediment geochemistry throughout the region highlight a number of highly anomalous samples within the claims, including 43 parts per million and 52 ppm gold within till samples.

Carl Ginn, chief executive officer of Huntsman, stated: "We are excited to have the opportunity to participate in a new, emerging gold and base metal district. These optioned claims are contiguous and geologically on trend with the most recent discovery by Ramp Metals. We look forward to applying our experience towards an aggressive exploration program this summer."

Pursuant to the terms of the purchase agreement, the company will acquire the property by paying the vendor $40,000 on TSX Venture Exchange acceptance of the transaction and an additional $40,000 within 12 months, and issuing to the vendor 3.5 million common share purchase warrants. Each warrant will be exercisable into one common share of the company at a price of seven cents per share for five years from the date of issue.

The property will be subject to a 2-per-cent gross overriding royalty in favour of the vendor.

This transaction is subject to the acceptance of the TSX-V.

Qualified person

Technical information in this news release, on the Lux Lake property, has been reviewed and approved by Carl Ginn, PGeo, president and chief executive officer, who is a qualified person as identified by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Historical information in this written disclosure as it pertains to the regional geology and surrounding mineral claims has not been verified by the author.

We seek Safe Harbor.