Mr. Rod Campbell reports

DARK STAR APPOINTS MR. ROD CAMPBELL AS PRESIDENT, CHIEF EXECUTIVE OFFICER AND DIRECTOR, ANNOUNCES FINANCING AND ADOPTION OF SEMI-ANNUAL REPORTING

Dark Star Minerals Inc. has appointed Rod Campbell as president, chief executive officer and a director of the company, effective immediately. Mr. Campbell succeeds Marc Branson, who will continue to serve as a director of the company. Dark Star would like to thank Mr. Branson for his tenure as CEO and his continued involvement as a director.

Mr. Campbell is a seasoned professional with extensive expertise in financial services and the energy sector. He previously served as a financial adviser at BMO Nesbitt Burns, where he developed strong client relationships and an in-depth knowledge of the finance industry. Complementing this, Mr. Campbell brings 17 years of hands-on experience in the oil and gas sector, during which he oversaw procurement and fuel business development for leading companies, including Encana, Apache Corp., Canadian Hunter Exploration, Elbow River Resources, ERS and MP Energy.

Concurrent with Mr. Campbell's appointment, Doug Unwin has resigned from the company's board of directors. Mr. Unwin will continue to serve the company as an adviser.

Mr. Campbell, CEO and director, stated: "I am excited to lead Dark Star at what I believe is a compelling time for uranium exploration. Nuclear power has a critical role to play in meeting the world's growing energy needs, and I see significant long-term opportunity in the uranium sector. Our focus will be on advancing the company's project portfolio, pursuing opportunities for growth and building lasting shareholder value. I look forward to working with the team to realize Dark Star's potential. On behalf of the board, I would also like to thank Mr. Unwin for his significant efforts and valuable contributions, and I am pleased that we will continue to benefit from his experience as an adviser."

Additionally, the company is pleased to announce that it is conducting a non-brokered private placement of up to 15 million units at a price of five cents per unit, including the settlement of $506,358.42 of outstanding debt through the issuance of units to certain creditors of the company. This debt includes $304,120 of interest-free loans that were loaned to the company for the purposes of advancing its uranium project portfolio.

Each unit will consist of one common share in the capital of the company and one share purchase warrant. Each warrant will be exercisable to purchase one additional share at an exercise price of 10 cents per warrant share for a period of 36 months after the date of issuance, subject to acceleration, shareholder approval (as defined below) and a restriction on exercise, each as described below.

The warrants will be subject to an acceleration provision such that, if, at any time following the later of: (i) the date that is four months and one day after the date of issuance of the issuance of the warrant; and (ii) the date on which shareholder approval is obtained, the volume-weighted average trading price of the shares on the Canadian Securities Exchange or any other market on which the shares are then listed, equals or exceeds 20 cents per share for five consecutive trading days, the company may accelerate the expiry date of the warrants by providing written notice to warrantholders or issuing a news release. In such circumstances, any warrants that remain unexercised will expire at 5 p.m. Vancouver time on the date that is 30 days following the date of such notice or news release.

The warrants will include a provision restricting exercise if such exercise would result in the holder, together with any persons acting jointly or in concert with the holder, owning 10 per cent or more of the issued and outstanding shares immediately following such exercise.

The offering could result in the issuance of up to 30 million shares, assuming the exercise of all warrants, which represent more than 100 per cent of the company's 17,036,814 currently issued and outstanding shares. Accordingly, pursuant to the policies of the Canadian Securities Exchange, the exercise of the warrants is subject to the approval of the company's shareholders at its next meeting of shareholders. The warrants will not be exercisable unless and until shareholder approval is obtained. If shareholder approval is not obtained, all warrants issued under the offering will be cancelled immediately following the meeting, without payment or compensation to the holders. Cancellation of the warrants will not affect the shares forming part of the units or the settlement of any indebtedness through the issuance of units.

The company intends to use the proceeds from the offering for mineral exploration programs and for general working capital purposes. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws. The company may pay finders' fees on the offering within the amount permitted under the policies of the CSE and applicable securities laws.

The company also announces that it has elected to rely on Coordinated Blanket Order 51-933 (Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers) and move to semi-annual financial reporting. This news release is being filed pursuant to Coordinated Blanket Order 51-933 (Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers). The blanket order permits eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting.

The company has determined that it meets the eligibility criteria under the blanket order. These include that the company:

• Is a venture issuer with securities listed on the CSE;
• Has been a reporting issuer in a jurisdiction of Canada for at least 12 months;
• Had revenue of no more than $10-million, as shown in its most recently filed audited annual financial statements;
• Has filed all required periodic and timely disclosure documents; and
• Has not, in the preceding 12 months, been subject to a penalty, sanction or cease trade order of the kind described in the blanket order.

The company's financial year ends on Dec. 31. Under the blanket order, the company will be exempt from filing interim financial reports and related management's discussion and analysis for its first and third quarters. The initial interim period for which the company will not file an interim financial report and related management's discussion and analysis in reliance on the blanket order will be the three- and nine-month period ended Sept. 30, 2026. The company will also not file an interim financial report and related MD&A for the three-month period ending March 31, 2027, or for the corresponding interim periods in subsequent years while it continues to rely on the blanket order. The company will continue to file its audited annual financial statements and related MD&A within 120 days of its financial year-end, and its six-month interim financial report and related MD&A within 60 days of June 30.

By adopting semi-annual financial reporting, the company aims to reduce the administrative and financial burden associated with quarterly reporting. The company remains committed to timely disclosure, and will continue to report all material changes and significant developments as required under National Instrument 51-102 (Continuous Disclosure Obligations) and the policies of the CSE.

About Dark Star Minerals Inc.

Dark Star is a mineral exploration company focused on the strategic acquisition and advancement of uranium and critical mineral resources. The company holds an option to acquire a 100-per-cent interest in the Lamont Lake project in the Athabasca basin of Saskatchewan, a 100-per-cent interest in the Ghost Lake claims located in the prolific CMB of Newfoundland and Labrador, comprising 28,575 hectares of contiguous claim blocks, and owns the Bleasdell project spanning over 515 hectares in Northern Saskatchewan, Canada.

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