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LEGAL_46820522.1

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TSX-V: ADD

Frankfurt: 82A1

WKN: A2DFY5

Arctic Star Provides Bi-Weekly MCTO Status Report

May 29, 2025 - Vancouver, British Columbia - Arctic Star Exploration Corp. ("Arctic Star" or the "Company") announces that further to its news releases dated May 1, 2025 and May 15, 2025, the Company voluntarily applied for and the Company's principal regulator, the British Columbia Securities Commission (the "BCSC") granted a management cease trade order (the "MCTO") dated May 1, 2025, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") and provided the Company with an extension to file its annual financial statements for the period ended December 31, 2024, including the related management's discussion and analysis, and related certifications on or before April 30, 2025 (collectively the "Annual Financial Filings"). The deadline has now been extended to on or before June 30, 2025.

Pursuant to the MCTO, the Chief Executive Officer and the Chief Financial Officer of the Company may not trade in securities of the Company until such time as the Company files its Annual Financial Filings on or before June 30, 2025, and the Executive Director of the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.

The Company is working expeditiously and expects to file on or before June 30, 2025.

The Company confirms that it will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases until the time it has filed the Annual Financial Filings.

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.