Mr. Grant Ewing reports

BLUE STAR ANNOUNCES COMPLETION OF NON-BROKERED PRIVATE PLACEMENT

Further to the news release of Aug. 12, 2025, wherein Blue Star Gold Corp. announced that it has raised aggregate gross proceeds of $1,739,999.90 through the issuance of 1.6 million flow-through units at 15 cents per FT unit and 10,714,285 units at a price of 14 cents per unit, Blue Star has completed its private placement, and no further tranches will be completed.

About Blue Star Gold Corp.

Blue Star is a mineral exploration and development company focused on Nunavut, Canada. Blue Star's landholdings total 300 square kilometres of highly prospective and underexplored mineral properties in the High Lake greenstone belt. The company owns the Ulu gold project, composed of the Ulu mining lease and the 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 targets (gold and critical minerals) occur throughout the company's extensive landholdings, providing Blue Star with excellent resource growth potential. The site of the future deepwater port at Grays Bay is 40 to 100 kilometres to the north of the properties, and the proposed route corridor for the all-weather Grays Bay Road passes close by the Roma and Ulu gold projects.

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.