Blue Star Gold Announces Closing of Non-Brokered Private Placement

Core Viewpoint - Blue Star Gold Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $600,000 through the issuance of 3,000,000 flow-through common shares at a price of $0.20 per share, pending final approval from the TSX Venture Exchange [1] Group 1: Private Placement Details - The private placement raised gross proceeds of $600,000 through the issuance of 3,000,000 flow-through common shares at $0.20 each [1] - The flow-through shares qualify under the Income Tax Act (Canada), and the company will renounce expenditures to investors for the taxation year ending December 31, 2025 [2] - A finder's fee of $36,000 was paid to a qualified arm's length party in accordance with Exchange policies [2] Group 2: Use of Proceeds - The net proceeds from the private placement will be used to incur Canadian exploration expenses on projects in Nunavut before December 31, 2026 [3] - Additionally, the net proceeds will be allocated for general working capital purposes [3] Group 3: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings exceeding 300 square kilometers in the High Lake Greenstone Belt [4] - The company owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit and numerous high-potential exploration targets [4] - The future deep-water port at Grays Bay is located 40 - 100 km north of the properties, with a proposed route corridor for the all-weather Grays Bay Road passing near the Roma and Ulu Gold Projects [4]