Ms. Janet Meiklejohn reports

STARDUST METAL SHAREHOLDERS APPROVE ALL MATTERS AT ANNUAL GENERAL AND SPECIAL MEETING

Stardust Metal Corp. shareholders have approved all matters put before them at the company's annual general and special meeting of shareholders held On July 14, 2026.

Highlights

• Shareholders approve all matters presented at the annual general and special meeting;
• Shareholders approve the option transaction to earn up to a 75-per-cent interest in the McGarry project from Orecap Invest Corp.;
• Board and management now focused on advancing the company's 2026 exploration programs at McGarry and Omega.

Most notably, shareholders approved the previously announced option agreement with Orecap Invest Corp. pursuant to which the company may earn up to a 75-per-cent interest in the McGarry project, located in the Kirkland Lake gold camp along the Cadillac Break. Orecap received approval from shareholders for the option agreement, which remains subject to approval by the TSX Venture Exchange. Stardust's approval satisfies the shareholder approval requirement associated with the transaction and allows the company to continue advancing the project in accordance with the terms of the option agreement.

Shareholders also approved the company's restricted share unit (RSU) plan, providing the company with an additional long-term incentive tool to attract, retain and align directors, officers, and employees with the interests of shareholders.

"We appreciate the strong support from our shareholders," said Janet Meiklejohn of Stardust. "With these approvals behind us, we are focused on executing our 2026 exploration strategy. McGarry represents one of the most compelling exploration opportunities on the Cadillac Break, and we are advancing both our near-surface drilling program and the deep discovery target while continuing to build value across our broader Kirkland Lake portfolio."

With the approvals obtained at the meeting, Stardust remains focused on executing its 2026 exploration strategy, including the commencement of near-surface drilling at McGarry in early August, completion of the ANT survey to refine the company's deep discovery target for fall drilling and advancement of the updated NI 43-101 mineral resource estimate at Omega.

Other corporate matters

The company is pleased to announce that, following shareholder approval of the company's restricted share unit plan, the board has approved the grant of an aggregate of 577,500 restricted share units to certain directors and officers. The RSUs will vest as follows: 277,917 on the first anniversary of the grant date, 227,917 on the second anniversary of the grant date and 71,666 on the third anniversary of the grant date, in each case subject to the terms of the company's RSU plan and applicable securities laws.

About Stardust Metal Corp.

Stardust is a gold exploration company with assets on the world-class Cadillac Break and adjacent to Agnico Eagle, Barrick, Pan American and Cadillac Mines. Its main assets include the McGarry and Omega projects, both of which are updating their historical mineral resource estimates, in addition to its Kirkland West and Goldie projects. McGarry also contains the largest historic tailings complex in the Kirkland Lake region.

QP (qualified person) statement

The technical information contained in this news release has been reviewed and approved by Dr. Mynyr Hoxha, PGeo, vice-president, exploration, at Stardust Metal, a qualified person, as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. For the exploration undertaken by Stardust, all assay batches are accompanied by rigorous quality assurance procedures, including the insertion of standards and blanks.

We seek Safe Harbor.