Mr. Stephen Stewart reports

STARDUST ANNOUNCES GRANT OF STOCK OPTIONS

Stardust Metal Corp.'s board of directors has approved the grant of stock options to an officer of the company, allowing for the acquisition of up to, in the aggregate, 250,000 shares of the company. The options are exercisable at a price of 33 cents per share for a period of five years from the date of grant and are subject to regulatory policies and approvals. Of the 250,000 options granted, 100,000 options vest one year from the date of grant and the remaining 150,000 options vest two years from the date of grant.

The grant of options to certain directors and officers is a related party transaction under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party matters, as the company is listed on the Canadian Securities Exchange and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related parties, exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101).

About Stardust Metal Corp.

Stardust is a gold exploration company with assets on the world class Cadillac Break and adjacent to Agnico Eagle, Barrick, Pan American and Gold Candle. Its main assets include the McGarry and Omega projects, both of which are currently updating their historical mineral resource estimates in addition to its Kirkland West project. McGarry also contains the largest tailings deposit in the Kirkland Lake region.

We seek Safe Harbor.