Ms. Erica Bearss reports

STARDUST SOLAR CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT OF UNITS

Further to the news releases dated May 13, 2026, and May 29, 2026, Stardust Solar Energy Inc. has completed the final tranche of its non-brokered private placement. Pursuant to the final tranche, the company issued 4,617,600 units of the company at 7.5 cents per unit for gross proceeds of $346,320.

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.

The closing of the initial tranche of the private placement, combined with the closing of the final tranche, has resulted in a total of 11,105,079 units issued pursuant to the private placement, generating final aggregate gross proceeds of $832,880.93.

In connection with the final tranche, the company paid finders' fees to eligible finders consisting of $20,605.90 in cash and 274,745 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 final tranche, all in accordance with the policies of the TSX Venture Exchange.

An insider of the company participated in the final tranche for a total of 266,000 units. Such participation constitutes a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) thereof, as neither the fair market value of any securities issued to such insider, nor the consideration paid by such person exceeds 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101. The company did not file a material change report in respect of the related-party transaction at least 21 days before the closing of the final tranche, which the company deems reasonable in the circumstances to complete the final tranche in an expeditious manner.

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

All securities issued in connection with the final tranche 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 worldwide.

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