Blue Star Gold Corp. announced initial results from its 2023 exploration program. The program includes a multi-prong exploration effort across the Company's Ulu Gold Project including ground-based geophysical surveys, ground truthing pipeline targets, mapping and lithogeochemical sampling, and prospecting.

The program has been focused to identify and advance targets throughout Blue Star's highly prospective landholdings to be drill ready for a 2024 discovery program. Discussion of Field Results: Mapping has focussed on the 5 km long Ulu fold between the Flood Zone gold deposit and the NFN deposit, and the North and South Penthouse areas. Mapping is being undertaken at scales of 1:5000 and 1:2500, and pXRF scanning of rock chips is used to determine areas for lithogeochemical sampling to better define and understand the stratigraphic package and differentiate between more prospective lithological units.

These map areas host many of the key pipeline prospects. Prospectors are focused on both areas with no previous sampling, and also on confirming and expanding pipeline targets. The Mikigon Prospect was identified during mapping of the sediments surrounding the Ulu Fold in an area of no previously known sampling.

This is the first known substantial sediment hosted mineralised zone in the Ulu Gold Project. It is located approximately 3.5 km NNE of the Flood Zone gold deposit and 1.8 km SE of the NFN deposit. A total of 33 samples, over a strike length of 550 metres from a mineralised trend 1 to 4 metres wide on surface, have been collected to date.

The prospect is highlighted by samples returning 47.1 g/t, 29.6 g/t and 22.7 g/t gold and has a mean gold value of 3.75 g/t in a range of detection limit to 47.1 g/t gold. The Rhonda Prospect was evaluated to confirm location of historical sampling and better define the north-south contact/structural trend. The core of the prospect is approximately 30 metres long within a 450-metre section of the structure defined by historical soil samples.

The prospect is located approximately 1.3 km SW of the Flood Zone gold deposit and 900 metres from the camp road. A total of 15 grab samples were collected from outcrop, subcrop and frost heave returning a mean gold value of 1.97 g/t, a mean silver value of 29.2 g/t and a mean zinc value of 2.8% in a range of detection limit to 6.04 g/t gold, 69.9 g/t silver, and 12.4% zinc. The historical Penthouse showing is hosted within a sedimentary rock package located below a basalt contact and is traceable for at least 400 metres. The discontinuous massive sulphide horizon ranges from 0.15 to 0.75 metres wide in the main zone with potential for multiple target horizons in the rock package.

Similar alteration has been observed below the main level, and gold bearing quartz veins occur at an oblique angle. Results from five samples received to date are tabulated below with a grab sample from a massive sulphide zone in outcrop returning a highlight grade of 26.9 g/t gold, 184 g/t silver, 5.73% copper, and 7.12% zinc. The 164-hectare Auma Prospect was recently staked as part of the Roma Project. Historical work includes airborne electromagnetics (AEM), ground based magnetics and horizontal loop EM (HLEM), mapping, prospecting and six 'gopher' drill holes.

Reported results of the work include a 1.5 km long AEM conductor, a 700 metre long coincident HLEM conductor and magnetic high; numerous anomalous grab samples of quartz-pyrrhotite veins and three distinct map units. Grab samples reported from previous exploration companies range to 54.4 g/t gold (BHP 1991), 101.0 g/t gold (Strongbow/Allyn Resources 2005) and 183.79 g/t gold (Oz Minerals 2008) (pers. comm.

T.Toole, 2023). Drilling results reported by Zaremba and Takenaka in 1995 include drill hole 95HBD-02 which intercepted 2.60 metres of 15.3 g/t gold. Blue Star has not yet undertaken sufficient work to verify and validate the historical data.