Blue Star Gold Corp. announced a non-brokered private placemen to issue flow-through units at CAD 0.42 and charitable flow-through units at CAD 0.49 for the gross proceeds of CAD 900,000 on July 13, 2023. Each FT Unit will consist of one flow-through common share and one half of one transferable warrant with each whole Warrant exercisable at CAD 0.50 per Share for a period of 24 months from the closing date of the Private Placement and Each Charitable FT Unit will consist of one FT Share and one-half of one Warrant, with each whole Warrant exercisable at CAD 0.50 per Share until the Expiry Date.

All securities issued will be subject to a four-month and one day hold period pursuant to securities laws in Canada and, where applicable, the Exchange. Finders' fees may be payable to qualified parties. The transaction is subject to the approval of the TSX Venture Exchange.