File: '\\swfile\EmailIn\20250207 113124 Attachment Arctic Star - News Release Announcing Change of Auditor (February 2025).docx'

Draft 02/05/2025

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LEGAL_45971369.1

LEGAL_45971369.1

TSX-V: ADD

Frankfurt: 82A1

WKN: A2DFY5

Arctic Star Announces Change of Auditor

February 07, 2025 - Vancouver, British Columbia - Arctic Star Exploration Corp. ("Arctic Star" or the "Company") announces the Company has changed its auditor from A Chan & Company LLP (the "Former Auditor") to SHIM & Associates LLP (the "Successor Auditor") effective February 06, 2025.

The Company's board of directors accepted the resignation of the Former Auditor, as of February 6, 2025 and appointed the Successor Auditor as the new auditor of the Company effective 6, 2025, and to hold office until the close of the Company's next annual general meeting of shareholders.

There were no reservations in the Former Auditor's audit reports for any financial period during which the Former Auditor was the Company's auditor. There are no "reportable events" (as the term is defined in National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102")) between the Company and the Former Auditor.

In accordance with NI 51-102, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the Company's audit committee and board of directors and have been filed on the Company's SEDAR+ profile at www.sedarplus.ca.

About Arctic Star

Arctic Star is predominantly a diamond explorer, recently discovering 5 new kimberlites in the prolific Lac De Gras kimberlite field that supports 2 multi-billion dollar kimberlite mining complexes. The Company also has a 958 Ha Exploration permit containing several diamond-bearing kimberlites on its Timantti project, Kuusamo Finland. The Company continues to look for appropriate diamond opportunities elsewhere.

ON BEHALF OF THE BOARD OF DIRECTORS OF

ARCTIC STAR EXPLORATION CORP.

"Patrick Power"

Patrick Power, President & CEO

+1 (604) 218-8772

ppower@arcticstar.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.