Mr. Gabi Kabazo reports

STARMET VENTURES INC. ANNOUNCES AGREEMENT WITH SOLTERRA TO ACQUIRE PROFIT RIGHTS FROM BATTERY STORAGE PROJECT IN GERMANY

Starmet Ventures Inc. has entered into an agreement with Solterra Renewable Energy Ltd., a company that specializes in the origination and development of renewable energy projects across Europe. Through its wholly owned subsidiary, Solterra is currently developing a battery energy storage system (BESS) in Germany. Under existing arrangements, third parties are entitled to receive 50 per cent of the project's profit rights.

Pursuant to the agreement, Starmet will pay Solterra $420,000 in exchange for 30 per cent of Solterra's share of the project's profit rights. This strategic collaboration reflects both companies' shared vision of advancing renewable energy deployment and addressing the growing demand for grid-enhancing energy storage solutions.

According to SolarPower Europe's European market outlook for battery storage for 2025 to 2029, the European battery storage market is set to experience rapid expansion. The report notes, "Beyond 2025, under current market and regulatory conditions, our medium scenario anticipates a sharp growth trajectory, with annual deployments increasing by 41.9 gigawatt-hours (plus 41 per cent) in 2026 and 68 gigawatt-hours (plus 62 per cent) in 2027." Furthermore, the total battery storage capacity in Europe is projected to reach 400 gigawatt-hours by 2029, although even faster growth is needed to meet grid flexibility requirements.

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.

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