Mr. Grant Ewing reports

BLUE STAR ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Blue Star Gold Corp., subject to the approval of the TSX Venture Exchange, intends to complete a non-brokered private placement of up to $2.5-million. Pursuant to the offering, the company will issue up to 6.25 million flow-through (FT) shares at 40 cents per FT share for aggregate gross proceeds of up to $2.5-million.

The FT shares will qualify as flow-through shares for purposes of the Income Tax Act (Canada). The company will renounce said expenditures to the investors for the taxation year ending Dec. 31, 2024.

All securities issued will be subject to a four-month-and-one-day hold period pursuant to securities laws in Canada and, where applicable, the exchange.

Finders' fees may be payable to qualified parties. The company intends to use the net proceeds from the private placement to incur Canadian exploration expenses on its projects in Nunavut prior to Dec. 31, 2024.

About Blue Star Gold Corp.

Blue Star is a mineral exploration and development company focused in Nunavut, Canada. Blue Star's landholdings total 270 square kilometres of highly prospective and underexplored mineral properties in the High Lake greenstone belt. The company owns the Ulu gold project, comprising the Ulu mining lease and Hood River property, and the Roma project. A significant high-grade gold resource exists at the Flood zone deposit (Ulu mining lease) and numerous high-potential exploration target areas occur throughout the company's extensive landholdings, providing Blue Star with excellent resource growth potential. Blue Star is listed on the TSX Venture Exchange under the symbol BAU, on the U.S. OTCQB Venture Market under the symbol BAUFF and on the Frankfurt Exchange under the symbol 5WP0.