Dr. Georg Pollert reports

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

Dr. Georg Josef Pollert, a director of Blue Star Gold Corp., on Aug. 12, 2025, acquired ownership of 10,714,285 units of the company at a price of 14 cents per unit, for a total cash purchase price of $1.5-million. The units were issued in connection with the closing of a non-brokered private placement carried out by the company. Each unit consisted of one common share of the company and one-half of one transferable warrant, with each whole warrant being exercisable into one share at an exercise price of 20 cents per share for a period of one year from the closing date of the private placement.

Prior to the acquisition of shares and warrants pursuant to the private placement, the acquiror and Gabriele Pollert together held 95,240,032 shares and 350,000 stock options, and the acquiror's non-diluted shareholdings represented approximately 68.63 per cent of the company's issued and outstanding shares.

As a result of the acquisition of units (shares and warrants) pursuant to the private placement, the acquiror and Ms. Pollert now together hold a total of 105,954,317 shares, 350,000 options and 5,357,143 warrants, and the acquiror's and Ms. Pollert's combined non-diluted shareholdings now represent approximately 70.13 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 Ms. Pollert would together hold a total of 111,661,460 shares, representing approximately 71.22 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.