Stardust Files NI 43-101 on McGarry, Highlighting Kerr-Addison-Style Gold System and Clear Path Toward Resource Definition
Stardust Files NI 43-101 on McGarry, Highlighting Kerr-Addison-Style Gold System and Clear
Path Toward Resource Definition
Highlights
• McGarry covers approximately 2.4 km of the Larder Lake-Cadillac Deformation Zone, one of
Canada’s most prolific gold corridors.
• The Project is immediately adjacent to Kerr- Addison, and the NI 43-101 report identifies
multiple zones as a potential western extension of the Kerr Horizon.
• Brownfield asset with a shaft to 698 metres, underground development and extensive
historical drilling.
• Independent report concludes McGarry has potential for discovery and additional
mineralization.
o Clear staged path toward a compliant mineral resource estimate.
o Additional upside through an untested district- scale geophysical target and tailings
evaluation.
• Fully scoped 2026 program with estimated budget of approximately C$2.5 million.
Toronto, Ontario – April 27, 2026 – Stardust Metal Corp. (CSE: ZIGY) (“Stardust” or the “Company”)
is pleased to announce that it has filed an independent National Instrument 43-101 Technical Report
(the “Report”) for its McGarry Project (“McGarry” or the “Project”) on SEDAR+, providing a
comprehensive technical review of one of the most strategically located brownfield gold assets in
the Kirland Lake - Larder Lake district.
The Report materially strengthens the technical case for McGarry as a high-potential gold project in
one of Canada’s premier gold districts and highlights a clear path toward validation, discovery,
resource definition and growth.
“This report sharpens the case for McGarry,” said Janet Meiklejohn, of Stardust Metal Corp. “This is
a brownfield gold project beside Kerr-Addison, on the same major structural corridor, with significant
historical drilling, underground access, preserved core and clear geological evidence that the
system continues onto the property. Our job now is straightforward : validate the database, move
toward a compliant resource estimate, and drill the best extensions and discovery targets.”
McGarry Technical Report
McGarry Project Summary
The McGarry Project is a past- producing gold property located approximately 10 km east of Larder
Lake, Ontario, within the Abitibi Greenstone Belt along the Larder Lake -Cadillac Deformation Zone
(“LLCDZ”), one of Canada’s most prolific gold -bearing structu res. The property is immediately
adjacent to the historic Kerr-Addison Mine and benefits from a setting long recognized as fertile for
major gold systems.
A Well-Advanced Asset with Strong Technical Foundations
McGarry is not a grassroots story. It is a historically developed gold project with a substantial
technical foundation built over decades of exploration and underground work.
The Project hosts over 230,000 metres of drilling across more than 1,500 drill holes, supported by
more than 86,000 assays, defining multiple zones of mineralization associated with major structural
corridors along the LLCDZ, including the Armistice Fault.
Just as importantly, the NI 43-101 report states that the geology on the eastern side of McGarry
appears very similar to the host rocks of the historical Kerr-Addison gold deposit.
The Project also has significant infrastructure, including a shaft extending to approximately 698
metres, preserved core, and underground development that could support future work aimed at
confirming continuity and defining scale.
Map of the McGarry Property (Figure 1)
Defined Path to Resource and Expansion
The Report does not define a current mineral resource estimate. Instead, it lays out a clear and
practical staged approach to get there, which forms the basis of the Company’s 2026 work program,
described below:
1. Compile and digitize the historical dataset to establish a complete and auditable database.
2. Complete comprehensive validation work, including relogging and resampling of preserved
historical drill core.
3. Advance toward a compliant mineral resource estimate supported by updated geological
interpretation and modern QA/QC, if warranted.
4. Complete targeted drilling to expand known mineralization and test high -priority targets
along the LLCDZ.
The Report also points to a compelling district -scale discovery angle. It highlights a deep, untested
geophysical target near the intersection of the LLCDZ and the Armistice Fault, while also supporting
follow-up drilling beneath significant intercepts from the 2022 drill program.
The full program is estimated at approximately C$2.5 million, covering data compilation, validation,
resource work and drilling.
Additional Opportunities to Build Scale
In addition to resource definition and extension drilling, Stardust is advancing initiatives that could
further enhance the scale and development profile of the Project.
The Company intends to evaluate the grade, tonnage and metallurgy of the historic Kerr- Addison
tailings situated on the McGarry property. These tailings represent a potentially significant near-
surface bulk-tonnage opportunity that could add another dimension to the broader McGarry story.
In parallel, the Company plans to advance work on a district- scale geophysical anomaly identified
on the property. An Ambient Noise Tomography survey is planned to refine the geometry and depth
of this target and generate higher-confidence drill targets.
Advancing Toward a Defined Asset
McGarry combines the advantages of a strategically located brownfield asset with the upside of a
modern discovery and redevelopment story.
With strong geological links to Kerr -Addison, meaningful modern drill results, existing underground
infrastructure, and a clear technical roadmap toward resource definition, Stardust believes McGarry
has the ingredients to emerge as a compelling gold opportunity in one of Canada’s most proven
camps.
Option Agreement
With the completion of the NI 43-101, Orecap and Stardust executed a formal option agreement on
April 24 th, 2026 with respect to McGarry on the same terms and conditions as disclosed in the
November 18, 2025 news release. This is a Non-Arm's Length Transaction under TSXV policies and
will be treated as a "related party transaction" for Stardust under Multilateral Instrument 61 -101 –
Protection of Minority Security Holders in Special Transactions ("MI 61-101") as certain directors and
officers of Stardust are also directors, officers and/or shareholders of Orecap. In addition, Orecap
holds approximately 13.9% of the Shares of Stardust. These directors and officers own, directly or
indirectly, 4,901,000 Orecap Shares.
About Stardust Metal
Stardust is a gold exploration company with assets on the world class Cadillac Break and adjacent
to Agnico Eagle, Barrick, Pan American and Gold Candle. Its main assets include the McGarry and
Omega projects, in addition to its Kirkland West and Goldie projects. McGarry also contains a large
historic tailings complex in the Kirkland Lake region.
QP Statement
The technical information contained in this news release has been reviewed and approved by Dr.
Mynyr Hoxha , P.Geo, VP Exploration at Stardust Metal Corp., a Qualified Person, as defined in
"National Instrument 43 -101, Standards of Disclosure for Mineral Projects." For the exploration
undertaken by Stardust, all assay batches are accompanied by rigorous quality assurance
procedures, including the insertion of standards and blanks.
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To Speak to the Company directly, please contact:
Janet Meiklejohn
Phone: 416.644.1567
Email: [email protected]
www.stardustmetal.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility
for the adequacy or accuracy of this release. Certain information in this press release may contain
forward-looking statements. This information is based on current expectations that are subject to
significant risks and uncertainties that are difficult to predict. Actual results might differ materially
from results suggested in any forward -looking statements. Stardust assumes no obligation to
update the forward-looking statements, or to update the reasons why actual results could differ from
those reflected in the forward -looking statements unless and until required by securities laws
applicable to Stardust. Additional information identifying risks and uncerta inties is contained in
filings by Stardust with Canadian securities regulators, which filings are available under Stardust’s
profile on SEDAR+.