Mr. Lowell Kamin reports

LODESTAR METALS COMMENCES MAIDEN DRILL PROGRAM AT GOLD RUN PROJECT, NEVADA

Lodestar Metals Corp. has commenced its maiden 2,680-metre drill program at the company's flagship Gold Run project.

"The start of drilling at Gold Run marks a major inflection point for Lodestar," said Lowell Kamin, president and chief executive officer of Lodestar Metals. "It's the culmination of months of data-driven work to define and prioritize the most compelling targets across the property. Our technical team has built a strong foundation with robust geochemical, geophysical and historical data all pointing to discovery potential. This drilling program is the next step in learning more about Gold Run and moving Lodestar forward."

Drill program under way

Following receipt of final Bureau of Land Management drill permit approval (see the company's March 10, 2026, news release) and completion of site preparation and drill mobilization, Lodestar has now commenced a reverse circulation drill campaign. The program is focused on targeting multiple high-priority gold-silver prospects across the property. The program will consist of a proposed 16 holes totalling 2,680 metres.

The initial phase will test four permitted drill targets through the integration of historical drill results, multielement soil geochemistry, UAV (unmanned aerial vehicle) magnetic surveys and the recently completed property-wide DDIP geophysical program (see the company's Jan. 20, 2026, and March 10, 2026, news releases):

• Robbers Knob -- An advanced prospect characterized by widespread jasperoid silica alteration where several significant historical gold intersections including 18.3 metres at 4.3 grams per tonne Au (gold) (including 1.5 m at 37.8 g/t Au) with targets remaining open at depth and along strike.
• Independence trend -- Targeting three undrilled DDIP chargeability anomalies down-dip from historical shallow intercepts including 10.7 m at 55 g/t Ag (silver), 0.4 g/t Au from 47.2 m as well as high-grade silver rock chip sample up to 3,307 g/t Ag occur along a 650 m long structure.
• Gomes prospect -- Testing a large DDIP anomaly (200 m wide) located 140 m along strike from previous significant intersections including 13.7 m at 1.3 g/t Au and 19.8 m at 26.2 g/t Ag, 0.3 g/t Au, as well as high-grade silver three m at greater than 100 g/t Ag.
• Crown North -- Testing the down-dip extension of a historical high-grade intersection 27.4 m at 9.7 g/t Au (including 1.5 m at 130.5 g/t Au), which has never been followed up at depth and may represent the strike extension of Nevada Gold Mines' Adelaide-Crown mines.

Qualified person

Ty Magee, PGeo, a qualified person, as defined by National Instrument 43-101, and a consultant to the company, has reviewed and approved the scientific and technical information contained in this news release.

About Lodestar Metals Corp.

Lodestar Metals is a Canadian gold exploration company focused on advancing the drill-ready Gold Run project in Nevada, strategically located on a major Carlin-style gold trend and adjacent to some of the largest gold deposits in North America. With decades of combined geological and capital markets expertise, Lodestar follows a disciplined, step-by-step approach to discovery. The company's strategy is clear: focus capital on high-value targets, move quickly on known mineralization and build a compliant gold resource that delivers lasting shareholder value.

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