Mr. Andre Gagne reports

GOLDSTAR MINERALS, SOON GREEN MINING INNOVATION SYMBOL GMI

The TSX Venture Exchange has approved the company's previously announced name change from Goldstar Minerals Inc. to Green Mining Innovation. Starting on Nov. 9, 2023, the stock will trade under the symbol GMI.

The new Cusip number will be 39312G 10 5 and the new ISIN will be CA 39312G 10 5 4 under the new company name. The company's share capital remains unchanged.

Company update

The company announces that the TSX Venture Exchange has given approval for the company's previous announcement: (i) the non-brokered private placement of 9,166,666 units, which closed on Aug. 15, 2023, for a total gross proceeds of $550 000 (see news release issued on Aug. 18, 2023, for more details); and (ii) the purchase and sale agreement dated Jan. 27, 2023, as amended, under which the company acquired a 100-per-cent interest in the IMV project on Aug. 15, 2023, in exchange for the issuance of 18 million common shares of the company (see news releases issued on May 11, 2023, and Aug. 18, 2023, for more details).

The company paid a finder's fee of 900,000 shares in connection with the acquisition.

An insider of the company subscribed for a total of 1,185,000 units under the placement, which constituted a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions.

The issuances to the insider are exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b), since the company's shares are not listed on a specified market, and from the requirement for minority shareholder approval of MI 61-101 pursuant to the exemption in Section 5.7(a) of MI 61-101, in that the fair market value of the consideration for the securities issued to related parties does not exceed 25 per cent of the company's market capitalization.

The company has not filed a material change report more than 21 days before the expected closing of the placement and the acquisition, as the details of the transactions and the participation of the company's insiders were only settled shortly prior to closing and the company wanted to close the transactions quickly for sound business reasons.

About Goldstar Minerals Inc.

Goldstar is a mineral exploration company dedicated to exploration in Canada with a real concern for environmental protection. Its four main properties are located in Quebec and Newfoundland in Canada, regions recognized worldwide for their content of significant deposits of base metals and precious metals.

Technology and environment at the heart of Green Mining Innovation's development

Alexandru Arhire, following the announcement of a new position in West Africa, will not be able to serve as a director on the board but will remain as a consultant for upcoming construction phases.

Louis Marcoux has been appointed chairman of the board.

Mr. Marcoux holds a degree in mining engineering from Laval University and has over 40 years of experience in the mining industry in Quebec. He specializes in the application of laws governing the mining sector in Quebec and has advanced expertise in implementing mine site restoration technologies and environmental standards. Mr. Marcoux has held the position of expert engineer at the Ministry of Natural Resources of Quebec (MERN).

Pierro Chicoine will be responsible for new technologies, and, in order to optimize productivity, the company has tasked him with improving communication and collaboration among work teams while ensuring secure and efficient data management. His expertise is expected to drive innovation in a constantly evolving world.

Mr. Chicoine has been granted 200,000 stock options to purchase shares. The options are best on the date of issuance and are exercisable for a period of five years from the date of the grant at an exercise price of 11 cents per share.

We seek Safe Harbor.