Ms. Erica Bearss reports

STARDUST SOLAR CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT AND ANNOUNCES DOWNSIZING OF OFFERING

Further to its news release of May 13, 2026, Stardust Solar Energy Inc. has completed the first tranche of its previously announced non-brokered private placement of units. As well, in a response to its investors' desires, the company announces that it has downsized the aggregate maximum size of the offering from $3-million (as previously announced) to $1.5-million. Pursuant to the first tranche, the company issued 6,487,479 units of the company at 7.5 cents per unit for gross proceeds of $486,560.93.

Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of 10 cents per share for a period of 18 months from the closing date of the first tranche.

In connection with the first tranche, the company paid finders' fees to eligible finders consisting of $25,427.50 in cash and 339,033 common share purchase warrants. Each finder warrant entitles the holder to acquire one share at a price of 10 cents per share for a period of 18 months from the closing date of the first tranche, all in accordance with the policies of the TSX Venture Exchange.

The company anticipates closing one or more additional tranches of the offering (which has an aggregate maximum of 20 million units for gross proceeds of up to $1.5-million) in the coming weeks, subject to applicable regulatory approvals.

The company intends to use the net proceeds of the offering to repay the outstanding principal amount and all interest accrued thereon under the outstanding senior secured convertible debenture units of the company, advance its utility-scale energy project in Zambia, and for general working capital and corporate purposes.

All securities issued in connection with the offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws and the policies of the TSX-V.

About Stardust Solar Energy Inc.

Stardust Solar Energy is a globally expanding renewable energy company supporting the installation, development, training and deployment of residential, commercial and utility-scale solar solutions across international markets. The company operates a diversified solar royalty platform generating recurring revenue through franchise installation operations, accredited training and development licences and subscriptions, and technology-driven innovation initiatives. Through formal engagement with governments, utilities and commercial stakeholders, the company is scaling renewable energy capacity around the world.

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