Mr. Marc Branson reports

DARK STAR ENTERS INTO SHARE PURCHASE AGREEMENT WITH HUNGERSITE MINERALS INC.

Dark Star Minerals Inc. has entered into a share purchase agreement with Hungersite Minerals Inc., a private arm's-length corporation incorporated under the laws of Ontario, and the shareholders of Hungersite (collectively, the Hungersite shareholders) dated June 27, 2023, pursuant to which the company would acquire all of the issued and outstanding common shares of Hungersite from Hungersite shareholders, in exchange for cash consideration and common shares in the capital of the company.

Hungersite Minerals Inc.

Hungersite, a company existing under the laws of Ontario, is the recorded and beneficial holder of 24 unpatented mining claims known as the Groupe A mining claims (the property) which are filed with the Quebec Minister of Natural Resources and Forests. The property is situated within the region of d'Eeyou Istchee Baie-James in the province of Quebec.

Summary of the transaction

Pursuant to the terms of the share purchase agreement, the company has agreed to acquire all of the Hungersite shares from the Hungersite shareholders in consideration for, on a pro rata basis: (i) the issuance of an aggregate of 4.8 million common shares in the capital of the company to the Hungersite shareholders at a deemed exercise price equal to five cents per consideration share; and (ii) cash consideration of $20,000. Upon closing of the transaction, Hungersite will become a wholly owned subsidiary of the company.

Closing conditions

Completion of the transaction remains subject to a number of conditions, including, among others, receipt of all requisite regulatory, shareholder and third party consents, waivers, and approvals for the transaction, as applicable, if applicable, and other conditions customary for transactions of this nature. There can be no assurance that the transaction will be completed as proposed or at all.

The transaction will be completed pursuant to available exemptions under applicable legislation.

About Dark Star Minerals Inc.

Dark Star Minerals is a mineral exploration company focused on the acquisition and development of critical mineral resources, specifically the rare earth complex.

We seek Safe Harbor.