Mr. Robert McMorran reports

FARSTARCAP ANNOUNCES COMPLETION OF $2.5 MILLION BPEX FINANCING

Further to Farstarcap Investment Corp.'s news release dated May 5, 2025, wherein the company announced it will acquire all of the issued and outstanding securities of BP Exploration Corp. (BPEx) by means of a three-cornered amalgamation, BPEx has completed the maximum private placement financing by issuing 16,666,633 subscription receipts at a price of 15 cents per subscription receipt for gross proceeds of $2,499,995.

Each subscription receipt entitles the holder to receive, for no additional consideration, one BPEx share and one-half of one BPEx share purchase warrant. Each financing warrant will be exercisable at 20 cents per share for a period of two years from the date of issue.

Under the concurrent financing, BPEx paid finders a fee of $111,736 and issued a total of 9,021,274 share purchase warrants, including 687,960 broker warrants, with each warrant exercisable at 20 cents per share for a period of two years from the date of issue.

Completion of this financing was a condition precedent to the company receiving approval from regulators with respect to the qualifying transaction requirements.

Next steps

With the financing condition satisfied, the parties expect to close the acquisition on or about Sept. 23, 2025.

A further news release will be disseminated once the qualifying transaction is completed and the shares of the company resume trading under its new symbol BPAG.

Completion of the acquisition is subject to a number of conditions, including, but not limited to, TSX Venture Exchange acceptance and if applicable pursuant to exchange requirements and majority of the minority shareholder approval. Where applicable, the acquisition cannot close until the required shareholder approval is obtained. There can be no assurance that the acquisition will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the acquisition, any information released or received with respect to the acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.