Vancouver, British Columbia--(Newsfile Corp. - February 18, 2026) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") announces a significant expansion of its Auma Property in the Kitikmeot Region of Nunavut, Canada. The highly prospective property has been increased from 614 hectares to 11,794 hectares, consolidating a large and underexplored portion of the High Lake Volcanic Belt.HighlightsLimited historical drilling, consisting of six short drill holes totaling l ...

Core Viewpoint - Blue Star Gold Corp. has successfully advanced its exploration activities in 2025 and is planning a more extensive exploration program for 2026, focusing on gold and critical mineral targets in the High Lake Belt, Nunavut [1][2]. 2025 Exploration Highlights - The company made significant progress in exploring multiple gold and critical mineral prospects through systematic field programs and targeted drilling [2]. - Key accomplishments include: - Strategic expansion of the Roma Project and staking of the Avalliq Property, which includes several high-potential gold targets such as Silver Bullet with grab samples up to 186.1 g/t Au [3]. - Expansion of the Roma Mineral Exploration Agreement area to include the Sand Lake Prospect, which has a notable intercept of 21.0 m grading 2.71% Cu, 0.17% Zn, 20.84 g/t Ag, and 0.29 g/t Au [3]. - Completion of extensive surface sampling programs yielding multiple high-grade gold results exceeding 100 g/t Au [3]. - Successful drilling at Nutaaq, confirming significant gold mineralization and extending known mineralized trends [3]. - Expansion of exploration target inventory through geophysical surveys and strategic property acquisitions [3]. 2026 Exploration Outlook - The company plans a larger and more focused exploration and drill program in 2026 to advance high-priority gold and critical mineral targets [2][3]. - Key objectives for the 2026 exploration season include: - Completing ground-based geophysical surveys to refine drill targets associated with critical mineral anomalies identified in 2025 [4]. - Drill testing the strongest critical mineral targets and defining drill targets along a 3-kilometre gold-enriched corridor of the Ulu Fold east of the Zebra Prospect [4]. - Conducting the first drill program at the high-potential Auma Prospect and following up on encouraging 2025 drill results at Nutaaq North [4]. - Continuing surface exposure, mapping, and sampling of near-surface mineralization at the Flood Zone Gold Deposit [4]. - Advancing a clear pathway to unlock additional value from the Flood Zone Gold Deposit [4]. Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, controlling over 300 square kilometres of highly prospective mineral properties in the High Lake Greenstone Belt [11]. - The principal assets include the Ulu Gold Project, which hosts the high-grade Flood Zone Gold Deposit, and the Roma Project, with numerous high-priority gold and critical mineral targets [11]. - The projects are strategically located 40-100 km south of the proposed Grays Bay deep-water port, with the planned all-weather Grays Bay Road corridor passing near both the Roma and Ulu Gold Projects [11].

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]

Core Viewpoint - Blue Star Gold Corp. plans to complete a non-brokered private placement of up to $600,000 through the issuance of up to 3,000,000 flow-through common shares at a price of $0.20 per share, pending approval from the TSX Venture Exchange [1][2]. Group 1: Private Placement Details - The flow-through shares will qualify under the Income Tax Act (Canada), with expenditures renounced to investors for the taxation year ending December 31, 2025 [2]. - All securities issued will be subject to a four-month and one-day hold period in accordance with Canadian securities laws [2]. - The net proceeds from the private placement will be used for Canadian exploration expenses on projects in Nunavut and for general working capital purposes [3]. Group 2: 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 exploration targets for gold and critical minerals [4]. - The proximity of the future deep-water port at Grays Bay and the proposed Grays Bay Road corridor enhances the potential for resource growth [4].

Core Viewpoint - Blue Star Gold Corp. has successfully closed the final tranche of its non-brokered private placement, raising a total of $1,350,000 through the issuance of flow-through common shares [1][2] Group 1: Private Placement Details - The final tranche raised $100,000 by issuing 400,000 flow-through common shares at a price of $0.25 per share [1] - The total proceeds from the private placement amounted to $1,350,000 [1] - The company paid finder's fees of $6,000 in cash and issued 24,000 finder's warrants, each exercisable at $0.25 until November 28, 2027 [2] Group 2: Use of Proceeds - The net proceeds from the private placement will be used for Canadian exploration expenses on projects in Nunavut before December 31, 2026 [3] - Additional proceeds will be allocated for general working capital purposes [3] Group 3: Regulatory and Compliance Information - All securities issued are subject to a four-month hold period, expiring on March 29, 2026 [3] - The private placement is pending final approval from the TSX Venture Exchange [4] Group 4: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with over 300 square kilometers of landholdings [5] - The company owns the Ulu Gold Project and the Roma Project, with significant high-grade gold resources identified at the Flood Zone deposit [5] - The proximity of the future deep-water port at Grays Bay and the proposed Grays Bay Road corridor enhances the company's resource growth potential [5]

Core Insights - Blue Star Gold Corp. has expanded its Roma Project to include the Sand Lake prospect, which is identified as a high-potential, copper-rich volcanogenic massive sulphide (VMS) target with significant historical drill results [1][3][6] Summary by Sections Sand Lake Prospect - The newly acquired ground is part of an expanded Roma Mineral Exploration Agreement (MEA) and includes historical drill results of 21 meters averaging 2.71% copper and 15 meters of 3.29% copper, indicating a promising mineralization zone typical of VMS systems [3][6] - Previous operators also identified a zinc-rich zone greater than 10 meters wide in the northernmost Sand Lake drill section [3] Geological Context - VMS deposits typically occur in clusters within favorable volcanic belts, and the Sand Lake prospect is located 5 km east of Blue Star's recent Ataani VMS discovery, suggesting it may be part of the broader High Lake VMS camp [4][6] Infrastructure and Logistics - The expanded Sand Lake tenure includes a ~400 m sand airstrip on flat terrain, which is advantageous for future exploration and infrastructure development [5][6] - Existing infrastructure includes a 40-person Ulu camp and a ~1,350 m gravel airstrip suitable for C-130 Hercules aircraft, located approximately 75 km south of Sand Lake, enhancing operational capabilities [5][6] Future Plans - Blue Star plans to incorporate the Sand Lake prospect into its 2026 exploration program, which will involve geological mapping, ground geophysics, and target refinement in preparation for potential follow-up drilling [7]

Core Points - Blue Star Gold Corp. has closed the first tranche of its non-brokered private placement, raising proceeds of $1,250,000 through the issuance of 5,000,000 flow-through common shares at $0.25 per share [1][2] - The flow-through shares will qualify under the Income Tax Act (Canada), with expenditures renounced to investors for the taxation year ending December 31, 2025 [2] - The company will use the net proceeds for Canadian exploration expenses on its projects in Nunavut and for general working capital purposes [3] Financial Details - The company paid finder's fees totaling $75,000 cash and issued 300,000 finder's warrants, each exercisable at $0.25 until November 4, 2027 [2] - All securities issued are subject to a four-month hold period, expiring on March 5, 2026 [3] - The private placement is subject to final approval from the TSX Venture Exchange [4] Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings totaling 300 square kilometers in the High Lake Greenstone Belt [5] - The company owns the Ulu Gold Project and the Roma Project, with a significant high-grade gold resource at the Flood Zone deposit [5] - The proximity of the future deep-water port at Grays Bay and the proposed Grays Bay Road corridor enhances the potential for resource growth [5]

Core Viewpoint - Blue Star Gold Corp. plans to complete a non-brokered private placement of up to $1,500,000 through the issuance of up to 6,000,000 flow-through common shares at a price of $0.25 per share, pending approval from the TSX Venture Exchange [1][2]. Group 1: Private Placement Details - The flow-through shares will qualify under the Income Tax Act (Canada), with expenditures renounced to investors for the taxation year ending December 31, 2025 [2]. - All securities issued will be subject to a four-month and one-day hold period in accordance with Canadian securities laws [2]. - The net proceeds from the private placement will be used for Canadian exploration expenses on projects in Nunavut and for general working capital purposes [3]. Group 2: Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with landholdings totaling 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 exploration targets for gold and critical minerals [4]. - The proximity of the future deep-water port at Grays Bay and the proposed Grays Bay Road corridor enhances the potential for resource growth [4].

Core Insights - Blue Star Gold Corp. has announced significant results from its recent exploration program at the Ulu Project, revealing high-grade gold mineralization in the Flood Zone deposit [2][5][20] Exploration Program Results - The drilling program covered four target areas with a total of 1,120 meters drilled, including mechanical stripping and power washing of a section of the Flood Zone deposit [3][15] - High-grade mineralization was exposed at the surface, with notable intervals including 9.82 meters at 8.31 grams per tonne (g/t) gold and 4.18 meters at 14.73 g/t gold [7][20] Geological Findings - Approximately 750 square meters were mechanically stripped, exposing a 30-meter strike length of mineralization, revealing pillowed basalt, mineralized quartz lenses, and strong arsenopyrite mineralization [6][20] - The mapping and channel sampling results correlate well with established geological models, indicating local variability typical of an Archean gold system [9] Future Plans - The company plans to expand the mechanically stripped area by another 15-20 meters in width and 80 meters in length, incorporating current observations into a revised structural model for the Flood Zone [20][21] - Data from the 2025 drill holes will be integrated into Blue Star's geological model for future drill targeting in the 2026 season [21] Company Overview - Blue Star Gold Corp. is focused on mineral exploration and development in Nunavut, Canada, with significant landholdings in the High Lake Greenstone Belt and a notable high-grade gold resource at the Flood Zone deposit [32][33]

Core Points - Blue Star Gold Corp. has issued 98,452 common shares at a price of $0.37 per share as part of a loan agreement with Dr. Georg Pollert, totaling a loan amount of $2,537,434, which includes $2,435,542 as original principal and $101,892.40 as accrued interest [1][2] - The loan has a term of three years and an interest rate of 3% per annum [1] - The issuance of shares is part of a three-tranche loan bonus agreement, with previous issuances completed on October 25, 2023, and October 25, 2024 [2] - The shares are subject to a four-month and one-day hold period under Canadian securities laws [2] - The transaction is classified as a related party transaction, and the company relied on exemptions from formal valuation and minority shareholder approval as the transaction does not exceed 25% of the company's market capitalization [3] Company Overview - Blue Star Gold Corp. is a mineral exploration and development company based in Nunavut, Canada, with landholdings totaling 300 square kilometers in the High Lake Greenstone Belt [4] - The company owns the Ulu Gold Project and the Roma Project, with significant high-grade gold resources identified at the Flood Zone deposit [4] - The company has numerous high-potential exploration targets for gold and critical minerals, indicating strong resource growth potential [4] - A future deep-water port at Grays Bay is located 40 to 100 km north of the properties, with a proposed all-weather road corridor passing near the Roma and Ulu Gold Projects [4]