Blue Star's Target Series: High Potential Critical Mineral Opportunities

3 June 2025

Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company"), a leading explorer in Canada's North, highlights its prospective critical mineral targets, located on the Roma Project, West Kitikmeot Region, Nunavut.

Critical Mineral Highlights

  • Breakthrough in 2024 Critical Minerals Exploration: Blue Star makes first massive sulphide discovery in the High Lake Greenstone Belt (Ataani) in over 20 years
  • Expanding Discovery Potential: Indications the Ataani VMS horizon extends over 1,500 metres, with only 500 metres drill tested to date
  • Strategic Land Acquisitions: Newly acquired ground covers high-grade copper samples up to 9.99% Cu with indications of intense hydrothermal alteration, located less than 3 km from the High Lake VMS deposits
  • Prime Location for Growth: Assets located near the proposed Grays Bay Road and Port, ensuring easy access and future scalability

"Blue Star is focused on expanding the high-grade gold resource near its Ulu Gold Project, with a secondary focus on assessing the high potential for critical minerals throughout its extensive landholdings," said Grant Ewing, CEO of Blue Star. "Our expanded strategy offers shareholders exposure to both precious and base metals in a very prospective mineral exploration frontier. Many of our targets are located near the proposed Grays Bay Road and the gold-rich High Lake VMS deposits, adding to their potential. VMS deposits often occur in clusters, and we believe the High Lake Belt holds the potential to become a new mining district, akin to the Bathurst or Flin Flon camps, known for their large number of significant high-grade deposits."

Discussion of Blue Star's Critical Minerals Projects

Blue Star's inaugural critical minerals exploration program was conducted during the summer of 2024 and led to the discovery of the Ataani massive sulphide lens. Located on Blue Star's Roma Project, the Ataani prospect lies within the mineral-rich High Lake Greenstone Belt (HLGB), an area traversed by the proposed Gray's Bay Road. The Ataani discovery is the first in over 20 years in the HLGB and is situated less than 13 km from the gold-rich High Lake Volcanogenic Massive Sulphide (VMS) deposit, which consists of three separate mineralized zones, combined for a resource of 14 Mt grading 2.5% Cu, 3.8% Zn, 1.3 g/t Au and 84 g/t Ag (MMG Mineral Resource and Ore Reserves Statement 2013).

VMS deposits contain multi-element mineralization typically rich in copper, zinc, gold and silver. These deposits occur globally and often form in clusters or camps. Several large VMS camps are known in Canada, including the Flin Flon, Bathurst and Noranda camps. The high-grade deposits within these camps often number 10 or more and typically range from 100,000 to over 20 million tonnes but can be much larger (i.e. Brunswick, 12 deposits totaling ~229 million tonnes. Deseta, N 2020).

Following the Ataani discovery, Blue Star strategically expanded its Roma land package to include prospective ground immediately adjacent to the High Lake deposit mineral leases. This new acquisition covers several prospective VMS targets within the High Lake deposit stratigraphy, located less than 3 km from the existing deposits. Two high-priority areas, namely the Cairo and Stu prospects, have been the focus of past work campaigns. Historical work reports high-grade copper grabs at surface, including up to 9.99% Cu at the Cairo prospect, and 5.18% Cu at the Stu prospect. Indications of significant hydrothermal alteration are noted at both and include visual evidence in the form of 'dalamatianite', which is a distinct spotted alteration closely associated with the known High Lake deposit sulphide lenses. In addition, geochemical indications including significant sodium depletion in rock samples occurs.