Shooting Star Acquisition Corp. (TSXV: SSSS.P) ('Shooting Star' or the 'Company') is pleased to provide an update with respect to its option acquisition respecting the Tassawini Property (the 'Transaction') with Astor Holdings Ltd. ('Astor'), which will constitute the Company's Qualifying Transaction (as defined in the policies of the TSX Venture Exchange (the 'TSXV')), as previously announced by news releases of the Company dated September 3, 2020 and October 24, 2019.

Initial TSXV Submission Update

Shooting Star is pleased to announce that it has submitted its initial listing submission pursuant to TSXV Policy 2.4 - Capital Pool Companies, which included, among other documents, a draft filing statement prepared in accordance with TSXV Form 3B2.

Asset Purchase Agreement

The parties are presently in negotiations with respect to an asset purchase agreement (the 'Asset Purchase Agreement'), which will form the basis upon which the parties will effect the Transaction. Upon execution of the Asset Purchase Agreement, Shooting Star will, in accordance with the policies of the TSXV, issue a further press release disclosing the terms and conditions of the Asset Purchase Agreement.

About Shooting Star Acquisition Corp.

Shooting Star is a CPC created to identify and evaluate potential acquisitions of commercially viable businesses and assets that have the potential to generate profits and add shareholder value. Except as permitted under the TSXV's CPC policy, until the completion of the Qualifying Transaction, Shooting Star will not carry on business, other than the identification and evaluation of companies, businesses or assets with a view to completing a Qualifying Transaction within 24 months of listing. Trading of the Common Shares remains halted in connection with the Qualifying Transaction, and will recommence at such time as the TSXV may determine, having regard to the completion of certain requirements pursuant to Policy 2.4 of the TSXV. Further details of the Qualifying Transaction will follow in future press releases.

About Astor Holdings Ltd.

Astor is a Guyanese based precious metal acquisition company whose goal is to identify and acquire prime mineral rights and advanced properties in Guyana SA. Astor focuses on advanced exploration properties and production assets for the purposes of joint ventures and outright sales.

Contact:

Tel: 604-602-0001

Email: gb@harmonycs.ca