Mr. Gabi Kabazo reports

STARMET VENTURES ANNOUNCES ACCELERATION OF ISSUANCE OF FINDER'S FEE SHARES IN CONNECTION WITH CONVERTIBLE DEBENTURE FINANCING

Starmet Ventures Inc., further to its news releases dated March 25, 2026, May 6, 2026, and May 25, 2026, in respect of its non-brokered private placement of unsecured convertible debentures of the company, has agreed to accelerate the issuance of the finder's fee shares previously disclosed in connection with the offering.

As disclosed in the company's news releases dated May 6, 2026, and May 25, 2026, in connection with the offering, the company paid an aggregate of $220,000 in cash finders' fees to certain qualified arm's-length parties and, upon conversion of the convertible debentures into units of the company, the finders were entitled to be issued up to 982,142 common shares in the capital of the company.

The company and the finders have agreed to amend the terms of the finder's fee arrangement such that the issuance of the finders' shares will no longer be conditional upon conversion of the convertible debentures. Accordingly, the company has issued 982,142 finders' shares to the finders, effective May 26, 2026. The acceleration of the issuance of the finders' shares was agreed to mitigate the administrative burden of issuing finders' shares upon conversion of each convertible debenture issued under the offering.

All finders' shares are subject to a restricted period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws (and the policies of the Canadian Securities Exchange).

About Starmet Ventures Inc.

Starmet Ventures' 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.