Company Overview - Olivut Resources Ltd. is a diamond exploration company with a 100% mineral interest in the HOAM Project and a 50% interest in the Seahorse Project, both located in Canada's Northwest Territories [2]. Stock Options Grant - The company has granted stock options to certain Directors, Officers, and Consultants to purchase up to 3,415,000 common shares at an exercise price of $0.05 per share, with options expiring on April 30, 2035 [1][2]. Regulatory Approval - The grant of stock options is subject to regulatory approval, including that of the TSX Venture Exchange [2].

Core Viewpoint - Arctic Star Exploration Corp. is facing a litigation claim filed by Robert and Sandy Shindleman, seeking damages of $600,000 plus punitive damages and costs related to a private placement conducted in 2015 [1][2][3] Group 1: Litigation Details - The litigation claim alleges that the 2015 private placement did not qualify as an eligible flow-through offering under the Income Tax Act (Canada) [2] - The company intends to vigorously defend itself against these allegations and denies any liability as claimed [3] Group 2: Company Overview - Arctic Star is primarily a diamond exploration company, having recently discovered five new kimberlites in the Lac De Gras kimberlite field, which supports two multi-billion dollar kimberlite mining complexes [4] - The company holds a 958 Ha exploration permit for its Timantti project in Kuusamo, Finland, which contains several diamond-bearing kimberlites [4]

April 22, 2025 – Vancouver, British Columbia – TheNewswire - Arctic Star Exploration Corp. ("Arctic Star" or the "Company") wishes to announce that its annual financial statements for the year ended December 31, 2024, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Filings") are not expected to be filed as required under Canadian securities legislation by the required filing deadline of April 30, 2025 (the "Filing Deadline"). This news rele ...