Mr. Gabi Kabazo reports

STARMET VENTURES INC. ANNOUNCES CLOSING OF $1,110,000 NON-BROKERED PRIVATE PLACEMENT

Starmet Ventures Inc., further to its news release of Feb. 3, 2025, and March 3, 2025, has closed the previously announced non-brokered private placement. In connection with the private placement, the company issued 22.2 million units at an issue price of five cents per unit, raising $1.11-million.

Each unit consists of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one common share in the capital of the company for a period of 36 months from the date of issue at an exercise price of five cents per warrant share.

The net proceeds from the offering will be used for general working capital purposes.

In connection with the private placement, the company paid Capitalink Ltd. and LIA Pure Capital Ltd. aggregate cash fees of $91,575, and issued to the finders, in aggregate, 2,775,000 common shares. All securities issued pursuant to the private placement (including the finders' shares) are subject to a statutory four-month hold period under applicable securities laws, which expires on Sept. 21, 2025.

About Starmet Ventures Inc.

Starmet's principal business activities include the exploration of mineral resource properties with an emphasis on the properties located in Esmeralda county in Nevada and Ear Falls in Ontario. Starmet's objective is to identify and develop economic mineral resource properties of merit and to conduct exploration programs thereon.

We seek Safe Harbor.