Company Raises \$2.12 Million in Second Tranche of Private Placement

Thursday, December 19, 2024 2:30 PM PST), is pleased to announce that it that it has successfully completed a second tranche of its non-brokered private placement of units for gross proceeds to the Company of US$1,312,528 . When combined with the proceeds from Tranche 1, the gross proceeds of the Private Placement to the Company total US$2,120,550.55 .

South Star's second project in the development pipeline is strategically located in Alabama, U.S.A. in the center of a developing electric-vehicle, aerospace, and defense hub in the southeastern United States. The BamaStar Project includes a historic mine active during the First and Second World Wars. A NI 43-101 Preliminary Economic Assessment will be filed on SEDAR+. Trenching, Phase 1 drilling, sampling, analysis, and preliminary metallurgical testing have been completed.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this press release.This press release contains"forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable.

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