Mr. Grant Ewing reports

BLUE STAR ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Subject to the approval of the TSX Venture Exchange, Blue Star Gold Corp. intends to complete a non-brokered private placement to raise proceeds of up to $950,040 through the issuance of up to 3,654,000 charitable flow-through units at a price of 26 cents per charitable FT unit.

Each charitable FT unit will consist of one flow-through common share of the company and one-half of one transferable warrant, with each whole warrant exercisable at 30 cents per share for a period of 24 months from the closing date of the private placement.

The FT shares will qualify as flow-through shares for purposes of the Income Tax Act (Canada). The company will renounce said expenditures to the investors for the taxation year ending Dec. 31, 2026.

All securities issued will be subject to a four-month-and-one-day hold period pursuant to securities laws in Canada and, where applicable, the exchange. Finders' fees may be payable to qualified parties. The company intends to use the net proceeds from the private placement to incur canadian exploration expenses on its projects in Nunavut prior to Dec. 31, 2026.

About Blue Star Gold Corp.

Blue Star is a mineral exploration and development company focused on Nunavut, Canada. The company controls over 420 square kilometres of highly prospective and underexplored mineral properties in the High Lake greenstone belt. Its principal assets include the Ulu gold project -- comprises the Ulu mining lease and Hood River property, and the Roma and Auma projects. The Ulu mining lease hosts the high-grade Flood zone gold deposit, and the company's broader land package contains numerous high-priority gold and critical mineral targets, providing substantial upside potential for resource expansion.

Blue Star's projects are strategically located 40 to 100 km south of the proposed Grays Bay deepwater port, with the planned all-weather Grays Bay Road corridor passing close to the company's projects. The Grays Bay Road and Port Project was recently referred to the Major Projects Office by Prime Minister Carney. The Major Projects Office was created to fast track infrastructure projects that are deemed to be of national importance.