Mr. David Crevier reports

GOLDSTAR ANNOUNCES INCREASE IN PRIVATE PLACEMENT

Goldstar Minerals Inc. has increased the amount of its non-brokered private placement from $500,000 to $550,000.

On May 11, 2023, the corporation announced that it would proceed with a non-brokered private placement for $500,000 consisting of 8,333,333 units, at a price of six cents per unit.

The corporation will now proceed with a non-brokered private placement for $550,000 consisting of 9,166,666 units, at a price of six cents per unit. Each unit will consist of one common share and one purchase warrant where each warrant shall entitle the holder thereof to subscribe for one additional common share at an exercise price of 12 cents at any time until two years after closing.

Closing is subject to regulatory approval.

We seek Safe Harbor.