Dark Star Announces Closing of First Tranche of Non-brokered Private Placement

DARK STAR ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

VANCOUVER, BRITISH COLUMBIA, JANUARY 31, 2025: DARK STAR MINERALS INC. (CSE: BATT)

(the “Company” or “ Dark Star ”) is pleased to announce that it has completed a first tranche of its

previously announced non-brokered private placement (the “Offering”), as described in its News Release

of November 26, 2024, pursuant to which it has issued an aggregate of 9,100,000 units (each, a “Unit”) at

a price of $0.05 per Unit for gross proceeds of $455,000. Each Unit consists of one common share (each,

a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each

Warrant entitles the holder thereof to acquire one Share (each, a “ Warrant Share”) at a price of $0.075

per Warrant Share for a period of two years following closing.

Proceeds of the Offering will be used for exploration of the Company’s current properties and for general

working capital.

The Company paid a corporate finance fee of $7,875 (including GST), cash finder’s fee of $28,500 and

issued 570,000 finder warrants (each, a “ Finder Warrant ”) to certain finders in connection with the

Offering. The Finder Warrants entitle the holder to purchase one additional Warrant Share at a price

$0.075 per Warrant Share for a period of two years following closing.

All securities issued in connection with the Offering are subject to a statutory hold period expiring four

months and one day after closing of the Offering.

None of the securities sold in c onnection with the Offering will be re gistered under th e United States

Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States

absent registration or an applicable exemption from the registration requirements. This news release

shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the

securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Dark Star Minerals Inc.

Dark Star Minerals Inc. is a mineral exploration co mpany focused on the acquisition and development of

critical mineral resources, specifically the rare earth complex.

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For further information please contact:

Marc Branson – President, Chief Executive Officer and Director

E-mail: [email protected]

Telephone: 604-816-2555

Forward-Looking Statements:

This news release includes certain “forward-looki ng statements” under applicable Canadian securities

legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other

factors that could cause actual results, performance, prospects, and opportunities to differ materially from

those expressed or implied by such forward-looking statements. Forward-looking statements in this news

release include, but are not limited to, statements with respect to the expectations of management

regarding the use of proceeds of the Offering. Alth ough the Company believes that and the expectations

reflected in the forward-looking information are reasonable, there can be no assurance that such

expectations will prove to be correct. Such forw ard-looking statements are subject to risks and

uncertainties that may cause actual results, performance or developments to differ materially from those

contained in the statements including that: the inability of the Company to close further tranches of the

Offering; the proceeds of the Offering may not be used as stated in this news release; and those additional

risks set out in the Company’s public documents fi led on SEDAR+ at www.sedar plus.ca. Although the

Company believes that the assumptions and factors used in preparing the forward-looking statements are

reasonable, undue reliance should not be placed on these statements, which only apply as of the date of

this news release, and no assurance can be given that such events will occur in the disclosed time frames

or at all. Except where required by law, the Company disclaims any intention or obligation to update or

revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE)

accepts responsibility for the adequacy or accuracy of this release.