File: '\\swfile\EmailIn\20250501 155755 Attachment Arctic Star Exploration - News Release Announcing MCTO (May 1, 2025).docx'

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LEGAL_46620748.1

LEGAL_46620748.1

LEGAL_46620748.1

TSX-V: ADD

Frankfurt: 82A1

WKN: A2DFY5

Arctic Star Announces Management Cease Trade Order

May 1, 2025 - Vancouver, British Columbia - Arctic Star Exploration Corp. ("Arctic Star" or the "Company") announces that, further to its news release dated April 22, 2025, that its annual financial statements for the year ended December 31, 2024, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Filings") were not filed as required under Canadian securities legislation by the required filing deadline of April 30, 2025. The Company has received a management cease trade order from the applicable Canadian securities regulatory authorities related to the Company's securities (the "MCTO"). The MCTO prevents the Chief Executive Officer and Chief Financial Officer of the Company to trade in securities of the Company.

The MCTO will be in effect until the Annual Filings are filed and requires that the Annual Filings be filed on or before June 30, 2025.

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

This news release contains "forward-looking statements" including but not limited to statements with respect to Arctic Star's plans and timing for filing the Annual Filings. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to filing the Annual Filings. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could affect our plans include the possibility that the Annual Filings continue to be delayed. Accordingly, readers should not place undue reliance on forward-looking statements. Arctic Star undertakes no obligation or responsibility to update forward-looking statements, except as required by law.

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.