Highlights:

• Closed second and final tranche of previously announced non-brokered private placement for $2.76 million, and aggregate gross proceeds of $5.26 million
• Financing led by mining industry leader Daniel Earle, President & CEO of Highlander Silver Corp.
• Daniel Earle becomes a significant shareholder of Stardust
• No finders’ fees paid in connection with the financing
• Proceeds to fund exploration and drilling at McGarry and Omega projects

Stardust Metal Corp. (CSE: ZIGY) is pleased to announce that it has completed the second and final tranche of its previously announced non-brokered private placement financing, raising aggregate gross proceeds of approximately $5.26 million.

The Second Tranche consisted of 4,255,319 premium flow-through units issued at a price of $0.6486 per PFT Unit for aggregate gross proceeds of approximately $2,759,999.90.

With the completion of the Second Tranche, Stardust has now completed the Offering for total aggregate gross proceeds of approximately $5.26 million, consisting of flow-through units, premium flow-through units and non-flow-through units, as originally announced on May 22, 2026.

“We are pleased to complete this financing and grateful for the strong support received from Daniel Earle, insiders and long-term shareholders of the Company,” said Stephen Stewart, Chairman of Stardust. “The successful completion of the Offering significantly strengthens our balance sheet and positions Stardust to aggressively advance exploration across our KL West, McGarry and Omega projects. We believe these assets are strategically positioned within one of Canada’s most prospective gold districts and look forward to commencing the next phase of exploration.”

Daniel Earle has over 20 years of experience in the mining industry and capital markets. Mr. Earle currently serves as the President and CEO of Highlander Silver Corp. and Strategic Advisor to KEWA Financial Inc. and Andina Copper Corporation. Prior to that, Mr. Earle served as President and CEO of Solaris Resources and was a Vice President and Director at TD Securities covering the mining sector for more than 12 years.

Each PFT Unit consisted of one common share of the Company issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.70 per share for a period of 24 months from the date of issuance.

The proceeds of the PFT Units will be used to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” under the Income Tax Act (Canada) related to the Company’s projects in Ontario. The Company plans to incur qualifying expenditures on or before December 31, 2027 and renounce such expenditures in favour of subscribers effective December 31, 2026.

Proceeds of the Offering will be used to fund the Company’s drilling and exploration programs on McGarry and Omega and for working capital requirements and general corporate purposes.

All securities issued in connection with the Second Tranche are subject to a four-month hold period under applicable securities laws. No finders’ fees or commissions were paid in connection with the Offering.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities referred to in this news release have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

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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.