Dr. Georg Pollert reports

DR. GEORG JOSEF POLLERT ANNOUNCES AN INCREASE IN HIS OWNERSHIP OF THE COMMON SHARES OF BLUE STAR GOLD CORP.

On May 9, 2025, Dr. Georg Josef Pollert, a director of Blue Star Gold Corp., acquired ownership of 29.5 million common shares of the company at a price of 10 cents per share. The shares were issued in connection with the closing of a non-brokered private placement carried out by the company.

Prior to the acquisition of shares pursuant to the private placement, the acquiror and Gabrielle Pollert together held 65,740,032 shares, 350,000 stock options and 3,125,000 warrants, and the acquiror's non-diluted shareholdings represented approximately 63.35 per cent of the company's issued and outstanding shares.

As a result of the acquisition of shares pursuant to the private placement, the acquiror and Gabriele Pollert now together hold a total of 95,240,032 shares, 350,000 options and 3,125,000 warrants, and the acquiror and Gabriele Pollert's combined non-diluted shareholdings now represent approximately 68.63 per cent of the company's issued and outstanding shares. Thus, on a partially diluted basis (assuming full exercise of all warrants and options), the acquiror and Gabriele Pollert would together hold a total of 98,715,032 shares, representing approximately 69.4 per cent of the company's issued and outstanding shares.

To obtain a copy of the early warning report filed by the acquiror, please contact the acquiror at 011-49-172-946-1380 or refer to the company's SEDAR+ profile.