Mr. Juan Giron reports

CANSTAR FINANCING SURPASSES $1M IN ORDERS ON FIRST DAY, TRANSITIONS TO NEW WEB DOMAIN/EMAIL ADDRESSES TO RESOLVE LEGACY DOMAIN ISSUES

Canstar Resources Inc. has provided an update on its recently announced non-brokered private placement and has advised stakeholders of updates to the company's website and corporate e-mail addresses.

Financing update

The $2-million offering, announced Sept. 23, 2025, has received strong support from investors. Within one day of launch, the company has received firm orders of over $1-million for the hard-dollar (non-flow-through) portion of the offering. This level of demand underscores the quality of the company's projects and investor confidence in its strategy.

Given this strong response, Canstar is prepared to allocate up to the full $2-million offering to hard-dollar units, with flow-through allocations to be considered on a case-by-case basis.

Corporate website and contact information

Due to a temporary technical issue with the company's legacy domain, Canstar has established a new corporate domain, which will serve as the company's official website going forward. Please note that any e-mails sent to the company that have bounced or otherwise have not been confirmed in the past 24 hours should be resent to the new e-mail address, copying Leah Dionne on any financing-related matters to ensure a timely response.

Effective immediately, the company's updated contact information is the following.

Juan Carlos Giron Jr.

President and chief executive officer

E-mail: jc@canstarmining.com

Phone: 647-557-3442

In addition, to ensure uninterrupted communication during the financing process, the company requests that all subscription-related correspondence also copy the following.

Leah Dionne

Managing director, corporate advisory services

De Novo Group

E-mail: leah@denovogroup.ca

Phone: 604-687-2038, extension 245

The company thanks its investors and stakeholders for their continued support and patience during this transition.

Offering terms (unchanged):

• Up to $2-million in gross proceeds;
• Non-flow-through units priced at 6.5 cents, each consisting of one common share and one transferable warrant exercisable at 10 cents for 36 months;
• Flow-through units priced at 8.5 cents, each consisting of one flow-through common share and one-half of one warrant exercisable at 10 cents for 12 months;
• Proceeds from FT units will be used for Canadian exploration expenses on the company's Newfoundland properties;
• Proceeds from NFT units will be used for general corporate purposes, including exploration, working capital and corporate development.

Additional offering details

The offering is subject to the acceptance of the TSX Venture Exchange and all other required regulatory approvals. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the closing date in accordance with Canadian securities laws. Finders' fees may be payable in connection with the offering.

Insiders of the company may participate in the offering. Any such participation would constitute a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company expects that any insider participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the securities subscribed for will not exceed 25 per cent of the company's market capitalization.

About Canstar Resources Inc.

Canstar is an exploration company focused on critical minerals and gold in Newfoundland. The company's 100-per-cent-owned Golden Baie project (489.5 square kilometres) hosts high-grade gold and antimony showings along a major mineralized structure that also hosts a large number of gold deposits. The Buchans and Mary March projects (120.5 square kilometres) are located within the past-producing volcanogenic massive sulphide zinc-, copper- and silver-rich Buchans mining camp and boast high-grade zinc and copper discoveries.

We seek Safe Harbor.