Dark Star Announces Increase in Non-Brokered Private Placement and Closes First Tranche

DARK STAR ANNOUNCES INCREASE NON-BROKERED PRIVATE PLACEMENT AND

CLOSES OF FIRST TRANCHE

VANCOUVER, BRITISH COLUMBIA, JULY 16, 2025: DARK STAR MINERALS INC. (CSE:

BATT) (the “Company” or “Dark Star”) is pleased to announce that it has increased its previously

announced non-brokered private placement (the “ Offering”) due to investor demand. The

Offering has been increased to allow up to 7,000,000 units (each, a “ Unit”) at $0.05 per Unit,

targeting aggregate gross proceeds of $350,000. In connection therewith, the Company also

announces that it has completed an oversubscribed first tranche of the Offering, as described in

its News Release of June 25, 2025, pursuant to which it has issued 6,200,000 Units at a price of

$0.05 per Unit for aggregate gross proceeds of $310,000. Dark Star anticipates closing the

remainder of the Offering in the coming days.

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.

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

four months and one day from the date of issue. No finder’s fees were paid in connection with the

closing of the tranche.

Two insiders of the Company (each, an “Insider”) subscribed for an aggregate of 2,000,000 Units

under the Offering, each of which is considered to be a “related party transaction” within the

meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special

Transactions (“MI 61-101 ”). The issuances to the Insiders are exempt from the valuation

requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Shares are

not listed on a specified market and from the minority shareholder approval requirements of MI

61-101 by virtue of the exemption contained in section 5. 7(a) of MI 61-101 in that the fair market

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value of the consideration of the Shares and Warrants to be issued to each Insider does not

exceed 25% of the Company’s market capitalization.

None of the securities sold in connection with the Offering will be registered under the

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 company focused on the acquisition and

development of critical mineral resources, specifically the rare earth complex.

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-l ooking 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 and closing of additional tranches. Although 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 forward-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 filed

on SEDAR+ at www.sedarplus.ca. Although the Co mpany believes that the assumptions and

factors used in preparing the forward-looki ng 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.