Mr. Andy Chow, a shareholder, reports

REPORT OF DISPOSITION OF COMMON SHARES OF LODESTAR METALS CORP.

On July 16, 2026, Andy Chow sold an aggregate total of 2.9 million common shares of Lodestar Metals Corp. at a price of 5.512 cents per common share in respect of 400,000 common shares and a price of 5.5 cents per common share in respect of 2.5 million common shares through the facilities of the TSX Venture Exchange for total proceeds of $159,548.

Immediately prior to the sale, Mr. Chow had beneficial ownership or control of 5,520,363 common shares, representing approximately 10.72 per cent of the then issued and outstanding common shares of Lodestar on an undiluted basis and, assuming exercise in full of the 2,506,132 common share purchase warrants of Lodestar and 66,825 stock options of Lodestar beneficially owned or controlled by Mr. Chow, Mr. Chow had deemed beneficial ownership or control of 8,093,320 common shares, representing approximately 14.96 per cent of the deemed issued and outstanding common shares on a partially diluted basis.

Immediately after the sale, Mr. Chow has beneficial ownership of 2,620,363 common shares, representing approximately 5.09 per cent of the issued and outstanding common shares on an undiluted basis and, assuming the exercise in full of the 2,506,132 warrants and 66,825 options, Mr. Chow would have deemed beneficial ownership of 5,193,320 common shares, representing approximately 9.6 per cent of the deemed issued and outstanding common shares on a partially diluted basis. Accordingly, Mr. Chow is no longer a reporting insider of Lodestar (as such term is defined under applicable securities laws) as Mr. Chow has fallen below the 10-per-cent reporting threshold.

Mr. Chow sold the common shares of Lodestar for the purposes of generating cash from the sale. Mr. Chow may, from time to time and at any time, acquire additional common shares and/or other equity, debt or other securities or instruments of Lodestar in the open market or otherwise and reserves the right to dispose of any or all securities in the open market or otherwise at any time and from time to time and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of lodestar and other relevant factors.

A copy of the related early warning report to be filed under applicable securities laws will be available under Lodestar's profile on SEDAR+ or from Mr. Chow at 416-272-1241.