Mr. Darryl Jones reports
STAR COPPER ANNOUNCES CLOSING OF CHARITY FLOW-THROUGH UNIT PRIVATE PLACEMENT
Further to the news releases dated March 3, 2026, Star Copper Corp. has closed its non-brokered private placement for gross proceeds of $2,000,001.10 from the sale of 1,156,070 flow-through units of the company at a price of $1.73 per FT unit to charitable purchasers.
Each FT unit is composed of one flow-through common share issued as a flow-through share, as defined in Subsection 66(15) of the Income Tax Act (Canada), and one transferable common share purchase warrant. Each warrant also qualifies as a flow-through share (as defined in Subsection 66(15) of the tax act). Each warrant entitles the holder to purchase one non-flow-through common share of the company for a period of two years at a price of $1.75 per warrant share.
The gross proceeds from the offering will be used to incur Canadian exploration expenses that are flow-through critical mineral mining expenditures, within the meaning of the tax act, on the company's flagship Star project in British Columbia. The company expects the flow-through funds to directly support an aggressive 2026 drill program, including expanded stepout drilling, deeper testing of priority targets and follow-up drilling guided by continuing 3-D geological modelling and planned deep-penetrating 3-D geophysics.
All securities issued under the offering have a hold period of four months and a day from the date of issuance.
About Star Copper Corp.
Star Copper is an exploration and development company focused on developing high-potential copper projects in mining-friendly jurisdictions. The company aims to advance its 100-per-cent-owned Star project in British Columbia's prolific Golden Triangle and Sheslay district. The project hosts multiple copper-gold porphyry-style targets, including Star Main, Star North and Copper Creek. Significant exploration including historical drilling has confirmed open mineralization at depth and in all directions. Star Copper's strategic plans include geological mapping and geophysical surveys to refine existing targets, diamond drilling programs to test high-priority zones, environmental baseline studies and permitting groundwork alongside data analysis and resource modelling to support a future resource estimate prepared in accordance with National Instrument 43-101. The company further plans to advance its Indata project with follow-up drilling to expand on previous high-grade copper and gold intercepts, trenching and surface sampling to delineate mineralized zones, and infrastructure improvements for site accessibility and operations. With a commitment to sustainable development and value creation, Star Copper aims to position itself to support surging industrial demand to meet growing global electrification needs.
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