February 25, 2026 – TheNewswire - Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (the “Company” or “Western Star”) announces that, further to its news release of February 17, 2026, it has closed its non-brokered private placement and raised $3,046,089 through the issuance of 20,307,254 units (the “Units”) at a price of $0.15 per Unit. Each Unit is comprised of one common share and one share purchase warrant (a “Warrant”) with each Warrant entitling the holder to purchase one common share at a price ...

Core Viewpoint - Western Star Resources Inc. is increasing its non-brokered Private Placement to raise up to $3,000,000 by offering 20,000,000 units at a price of $0.15 per unit, reflecting strong interest in tungsten and critical minerals as strategic resources in North America [1][4]. Group 1: Private Placement Details - The Private Placement will consist of units, each comprising one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.30 for 24 months [2]. - The net proceeds from the Private Placement will be used to define high-priority drill targets at the Western Star Project, facilitate the company's move into Nevada, and for general working capital and market awareness [3]. Group 2: Company Strategy and Operations - The company aims to enhance shareholder value through the development of exploration properties and seeks partnerships via joint ventures or sales with industry leaders [6]. - Western Star currently holds nine non-surveyed contiguous mineral claims totaling 4,740 hectares in British Columbia, located approximately 50 kilometers southeast of Revelstoke [6]. Group 3: Management Insights - The President and CEO, Blake Morgan, expressed satisfaction with the financing interest, emphasizing the importance of tungsten and critical minerals for defense, infrastructure, and advanced technologies [4]. - The company has also granted 150,000 stock options to a consultant, exercisable at $0.27 per share for three years [4].

Core Viewpoint - Western Star Resources Inc. has amended the terms of its non-brokered private placement to raise up to $1,500,000 through the issuance of units, which will support its exploration initiatives and working capital needs [1][2][3]. Private Placement Details - The company plans to issue up to 10,000,000 units at a price of $0.15 per unit, with each unit consisting of one common share and one warrant [2][25]. - Each warrant will allow the holder to purchase an additional common share at $0.30 for 24 months [2]. Use of Proceeds - The net proceeds from the private placement will be used to define high-priority drill targets at the Western Star Project, advance critical metals initiatives in Nevada, and for general working capital and market awareness [3][28]. Strategic Asset - Rowland Property - The Rowland Property is a past-producing tungsten mine, critical for various industries, with the U.S. heavily reliant on imports for tungsten [3][28]. - The property has historical production data, including shipments of ore with 3.38% WO₃ and additional production between 1954-56 [5][28]. - The project has significant exploration upside, as it remains under-explored with modern techniques [5][28]. Regulatory and Approval Aspects - The issuance of securities in the private placement will exceed 100% of the company's current issued shares, requiring shareholder approval [25]. - The private placement is subject to regulatory approvals, including acceptance from the Canadian Securities Exchange [26]. Company Overview - Western Star Resources is focused on mineral exploration and development, aiming to enhance shareholder value through cost-effective exploration and strategic partnerships [32].

Core Points - Western Star Resources Inc. held its Annual General Meeting on October 23, 2025, where shareholders voted 100% in favor of all resolutions presented [1] - A total of 8,739,503 common shares, representing 59.78% of the Company's issued and outstanding shares, were voted at the Meeting [1] Company Overview - Western Star Resources is a mineral exploration and development company focused on increasing shareholder value through cost-effective exploration practices and partnerships [2] - The company owns nine non-surveyed contiguous mineral claims totaling 4,740 hectares located in the Revelstoke mining division of British Columbia, approximately 50 kilometers southeast of Revelstoke [2]

Core Viewpoint - Western Star Resources Inc. has entered into an agreement to acquire the past producing Rowland Project in Nevada, which is strategically significant due to its high-grade tungsten content and alignment with U.S. government priorities for domestic mineral supply chains [1][5]. Acquisition Details - The acquisition involves a total consideration of CAD $60,000 and 1,000,000 common shares of Western Star Resources Inc. [7] - The initial payment includes CAD $20,000 non-refundable and a deferred payment of CAD $40,000 upon conditional approval from the Canadian Securities Exchange [8]. Project Highlights - The Rowland Project has reported tungsten values of 3.38% WO₃ and is located in a historically significant mining district [2] - The project features extensive mineralization potential that remains under-explored with modern techniques [2][5]. Strategic Importance - Tungsten is classified as a critical mineral essential for various industries, including defense and aerospace, with the U.S. heavily reliant on imports [2][5]. - The acquisition aligns with recent U.S. policies aimed at securing domestic sources of critical minerals, providing potential government support and fast-tracked permitting [5][14]. Future Plans - Western Star plans to initiate exploration activities, including geophysics and channel sampling, to advance the project to a drill-ready stage by early next year [5]. - The company aims to increase the total claim area and identify high-grade mineralization as part of its exploration strategy [8]. Financial Considerations - The agreement includes performance milestones that, upon verification, will trigger additional share issuances and cash payments [8][9]. - The vendors will retain a 1.5% Net Smelter Return royalty on the property, with an option for Western Star to buy back 1.0% for CAD $1,000,000 [9].

Core Insights - Western Star Resources Inc. is conducting a preliminary due diligence review of The Real American Corp, revealing strong historical data that highlights the project's high-grade potential and strategic value. The full due diligence process is expected to be completed within 20 days, after which the company plans to move towards a definitive agreement for acquisition [1][2]. Group 1: Company Overview - Western Star is a resource exploration company focused on advancing its flagship gold and silver project in Canada while expanding into the U.S. with an emphasis on strategic critical minerals [3]. - The company is committed to responsible exploration and development, aligning its asset portfolio with U.S. government priorities to secure domestic supplies of minerals essential for defense, energy, and advanced manufacturing [3]. Group 2: The Real American Corp - The Real American Corp is a privately held mining company with a focus on critical mineral assets, particularly tungsten, in Nevada. The company utilizes AI technology to evaluate high-potential assets across North America [4]. - The project includes historical samples with assays reporting up to 5.12% WO₃, significantly higher than the North American average of approximately 0.3% WO₃ [5]. Group 3: Strategic Importance - The Real American Corp aligns with U.S. government directives aimed at securing a domestic tungsten supply, a resource critical to national security, with no U.S. commercial production since 2015 and global supply dominated by China (approximately 85%) [2]. - The project is located in a prolific district recognized for tungsten-bearing skarn deposits, near the historic Springer Tungsten Mine, with multiple underexplored outcrops and mineralized zones that present exploration upside [5].

Core Viewpoint - Western Star Resources Inc. has granted 400,000 stock options to directors, officers, employees, and consultants, aiming to enhance shareholder value through strategic exploration and development initiatives [1][2]. Group 1: Stock Options - The stock options are exercisable at a price of $0.20 per share for a period of three years from the grant date [2]. - The options are governed by the Company's stock option plan and the policies of the Canadian Securities Exchange [2]. Group 2: Company Overview - Western Star Resources is focused on mineral exploration and development, with the goal of increasing shareholder value through cost-effective exploration practices and strategic partnerships [3]. - The company owns nine non-surveyed contiguous mineral claims totaling 4,740 hectares located in the Revelstoke mining division of British Columbia [3]. - The property group is situated approximately 50 kilometers southeast of Revelstoke and about 10 kilometers north of the abandoned community of Camborne [3].

Core Viewpoint - Western Star Resources Inc. has entered into a Letter of Intent to acquire The Real American Corp, enhancing its position in the critical mineral sector, particularly tungsten, which is vital for U.S. national security [1][2][3] Company Overview - Western Star is focused on building a domestic portfolio of critical mineral assets while advancing its flagship gold and silver project in Canada [4] - The company aims to align its operations with U.S. government priorities to secure domestic supplies of essential minerals for defense, energy, and advanced manufacturing [4] Acquisition Details - The acquisition of The Real American Corp is part of Western Star's U.S. expansion strategy and is expected to provide cornerstone assets in Nevada, thereby strengthening its role in advancing America's resource independence [2][3] - The Real American Corp holds high-grade tungsten projects with grades up to 5.12% WO, significantly higher than the North American average of approximately 0.3% WO₃ [5] Strategic Importance of Tungsten - Tungsten is classified as a critical mineral by the U.S. Department of Defense, Department of Energy, and U.S. Geological Survey, with the U.S. currently having no domestic commercial production and relying heavily on imports, particularly from China, which controls about 85% of the global supply [5] - The acquisition aligns with recent U.S. Executive Orders that prioritize fast-tracking domestic tungsten projects, with potential federal grants and defense-sector support available for qualifying assets [5] Exploration Potential - The properties acquired are road accessible, past-producing, and located in Nevada's Tobin and Sonoma Range, near the historic Springer Tungsten Mine, presenting a brownfield advantage [5] - The projects have proven mineralization but remain largely under-explored, with modern exploration techniques offering significant potential to expand resources [5]

Company Update - Western Star Resources Inc. has successfully acquired the Discovery Property, now fully owning the Western Star Property, which is fully permitted for a multi-pad drill program [1] - The company plans to initiate its maiden drill program on the 100% owned Western Star Property while also expanding its presence in Nevada through a recent MOU with The Real American Corp [1] Property Details - The Western Star Property includes twelve MINFILE showings, such as Black Bear, Lardeau-Goldsmith, Hunter, and others, indicating a diverse mineralization potential [2] - The property spans 4,740 hectares (46.4 km²) and is characterized by a mineralized strike length of over 6.2 km, with high-grade samples showing 246.76 g/t silver, 1 to 50.1% lead, 8.22 g/t gold, and 3.68% copper [6] Mineralization Insights - The Lardeau-Goldsmith showing is noted for high silver values, with mineralization inferred to be similar to nearby showings consisting of pyrite, galena, and sphalerite [4] - The Lexington showing features a 3.6-meter-wide quartz vein containing 1.5 meters of massive galena, assaying high silver values [5] - The Banner showing has a 32-meter adit from 1900 aimed at cutting the vein at depth, with mineralization consisting of galena-sphalerite in quartz-carbonate veins [6] Exploration and Future Plans - The company is eager to proceed with its maiden drill program, having secured drill permits in place [17] - Further updates regarding the drill program and exploration across the 100% owned Western Star Property are anticipated [17] Company Background - Western Star Resources is focused on increasing shareholder value through the development of exploration properties and seeking partnerships with industry leaders [19] - The company currently owns nine non-surveyed contiguous mineral claims located within the Revelstoke mining division of British Columbia, approximately 50 kilometers southeast of Revelstoke [19]

Core Viewpoint - Western Star Resources Inc. has signed a Memorandum of Understanding (MOU) with The Real American Corp to enhance its presence in the U.S. mining sector, focusing on strategic minerals, particularly Tungsten [1][2][3]. Group 1: Partnership and Growth Strategy - The partnership with The Real American Corp is a significant milestone in Western Star's long-term growth strategy, aimed at building a substantial land bank of strategic mineral assets [2]. - This collaboration aligns Western Star with U.S. national priorities regarding critical minerals, which are essential for defense, clean energy, and high technology sectors [3]. Group 2: Local Expertise and Industry Engagement - Through the MOU, Western Star will leverage The Real American's local expertise to drive operational growth and create long-term value for shareholders [4]. - To strengthen its relationships in Nevada, Western Star plans to apply for membership in the Nevada Mining Association (NVMA), which will provide access to the state's mining supply chain and industry networks [5]. Group 3: Company Overview - Western Star Resources is a mineral exploration and development company focused on increasing shareholder value through cost-effective exploration practices and strategic partnerships [6]. - The company currently owns nine non-surveyed contiguous mineral claims totaling 4,797 hectares in British Columbia [6].