Goldstar Minerals Inc. (TSXV:GDM) entered into a Purchase and Sale Agreement to acquire 8 Claims totaling 481.05 hectares located in the Montérégie region of Southern Québec (IMV Project) for CAD 1.44 million on January 27, 2023. In consideration for these claims,Goldstar Minerals will issue 18 million common shares to the current owners of IMV Project at a deemed price of CAD 0.08 per share and pay in shares a finder?s fee of 5% equivalent to 0.9 million common shares. As part of the agreement, Goldstar Minerals is also committed to proceed with a non-brokered private placement for CAD 500,000 consisting of 8,333,333 units, at a price of CAD 0.06 per unit. Each unit will be comprised of one common share and one purchase warrant where each warrant shall entitle the holder thereof to subscribe for one additional common share at an exercise price of CAD 0.12 at any time until two years after closing. The private placement use of proceeds will be for transaction expenses (stock exchange fees, legal fees, geology consultant fees) and for exploration expenses to be incurred on the Corporation?s IMV Project. The owners of the IMV Project will have 3 representatives on the Board of Directors of Goldstar Minerals consisting of André Gagné, Jacques Tremblay and Daniel Routhier. At closing, André Gagné will become President and Chief Executive Officer, and Jacques Tremblay will become Chief Operating Officer. As of August 17, 2023, transaction was approved at the Board of Directors.

Goldstar Minerals Inc. (TSXV:GDM) completed the acquisition of 8 Claims totaling 481.05 hectares located in the Montérégie region of Southern Québec (IMV Project) on August 15, 2023.