19 June 2024
Vancouver, British Columbia – June 19, 2024: Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") announces that it has entered into an Advanced Exploration Lease (AEL) with the Kitikmeot Inuit Association (KIA) for a portion of the Ulu Project, providing the Company exclusive surface rights and access to this area of Inuit Owned Lands (IOL) for a period of 10 years. Prior to the AEL, Blue Star applied for an annual surface rights permit which did not provide exclusive rights to the Company. Blue Star recognises that Inuit have access rights granted to them under the Nunavut Agreement, including accessing IOL covered by Advanced Exploration and Commercial leases, subject to any restrictions to that right provided under the Nunavut Agreement. Blue Star holds the subsurface rights in the AEL pursuant to a mining lease and a mineral exploration agreement with Nunavut Tunngavik Inc.
Highlights
“We are very pleased to enter into an Advanced Exploration Lease with the KIA” said Grant Ewing, CEO of Blue Star Gold. “This agreement permits exclusive access rights to the Inuit owned lands that lie over the Company’s subsurface mineral rights, and further strengthens the parties’ relationship as we continue to unlock the vast potential of the High Lake Belt.”
KIA President Bobby Greenley states “The KIA Board is pleased with the completion of the AEL for the Ulu Project with Blue Star. The AEL provides more certainty with respect to the reporting and monitoring for the KIA. If Blue Star continues to achieve success in its development of the Ulu Project, it will also benefit Kitikmeot Inuit.”