Megastar Development Corp. announced that it has amended the option agreements whereby the Company may acquire a 100% undivided interest in the Rama de Oro, Magdalena and Yautepec projects (the "Projects"), located in the state of Oaxaca, Mexico, by extending the due dates for the exploration expenditures on each Project. The Rama de Oro expenditure commitment of USD 350,000 was extended from May 9, 2020 to May 9, 2022 and the Magdalena and Yautepec expenditure commitments, in the aggregate amount of USD 310,000, were extended from June 1, 2021 to December 1, 2021. In consideration of the extension, the Company has agreed to pay an aggregate USD 12,500 to the vendor, who is a director of the Company. COVID-19 restrictions have variously affected smaller communities throughout Mexico and each of these are reopening according to local conditions. Megastar representatives are re-engaging with community leaders in each of the three project areas. In the meantime, plans are being finalized for the next stages of field work which will follow up on the successful exploration work undertaken in 2019. The Company will advise shareholders once a firm timeframe has been established for this work. Megastar has taken advantage of the pause in fieldwork to identify key targets on the recently optioned Cerro Minas Property. In addition, the company has responded to current favorable market conditions by rapidly initiating an evaluation of other highly prospective properties in the region for potential acquisition.