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Farstarcap Investment Corp
Symbol FRS
Shares Issued 6,710,001
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Farstarcap QT target BP Exploration closes financing

2025-09-15 09:00 ET - News Release

Subject: For Immediate Release PDF Document

File: Attachment Sep 15 25 - Farstarcap Announces Completion of Financing Condition of QT - V3 Clean.pdf

Farstarcap Announces Completion of $2.5 Million BPEx Financing

Vancouver, BC September 15, 2025 - Farstarcap Investment Corp. (TSXV: FRS.P) ("Farstarcap" or the "Company") reports that, further to its 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" (the "Acquisition"), BPEX has completed the maximum private placement financing by issuing 16,666,633 Subscription Receipts at a price of $0.15 per Subscription Receipt for gross proceeds of $2,499,995 (the "Concurrent Financing").

Each Subscription Receipt entitles the holder to receive, for no additional consideration, one BPEx Share and one-half of one BPEx share purchase warrant (the "Financing Warrant"). Each Financing Warrant will be exercisable at $0.20 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 $0.20 per share for a period of 2 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 September 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".

Contact Information BP Exploration Corp.

Farstarcap Investment Corp. Tim Shearcroft CEO, Director Robert McMorran CFO, Director Tel: 604-307-7032 Email: bpx@telus.net Tel: 604-313 9940 Email: rgmc@shaw.ca Completion of the Acquisition is subject to a number of conditions, including but not limited to, TSX Venture Exchange (the "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. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Acquisition and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

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