Mr. Grant Ewing reports

BLUE STAR ANNOUNCES $3M NON-BROKERED PRIVATE PLACEMENT

Subject to the approval of the TSX Venture Exchange, Blue Star Gold Corp. intends to complete a non-brokered private placement to raise proceeds of up to $3-million through the issuance of up to 12.5 million units at a price of 24 cents per unit.

Each unit consists of one common share of the company and one-half of one common share purchase warrant of the company. Each whole warrant entitles the holder thereof to acquire one additional share in the capital of the company at a price of 30 cents per warrant share for a period of two years following the closing date of the private placement.

The company intends to use the proceeds from the private placement for general working capital.

All securities issued will be subject to a four-month-and-one-day hold period pursuant to securities laws in Canada and, where applicable, the exchange hold period. Finders' fees may be payable to qualified parties.

About Blue Star Gold Corp.

Blue Star is a mineral exploration and development company focused on Nunavut, Canada. The company controls over 420 square kilometres of highly prospective and underexplored mineral properties in the High Lake greenstone belt. Its principal assets include the Ulu gold project -- composed of the Ulu mining lease and the Hood River property, and the Roma and Auma projects. The Ulu mining lease hosts the high-grade Flood Zone gold deposit, and the company's broader land package contains numerous high-priority gold and critical mineral targets, providing substantial upside potential for resource expansion.

Blue Star's projects are strategically located 40 to 100 kilometres south of the proposed Grays Bay deepwater port, with the planned all-weather Grays Bay Road corridor passing close to the company's projects. The Grays Bay Road and port project was recently referred to the Major Projects Office by Prime Minister Carney. The Major Projects Office was created to fast-track infrastructure projects that are deemed to be of national importance.

Blue Star is listed on the TSX Venture Exchange (BAU), the OTCQB Venture Market (BAUFF) and the Frankfurt Exchange (5WP0).