Star Minerals Limited has received the assay results from the first phase of its drilling campaign to expand the Company's knowledge of the geology and grade characteristics of its Tumblegum South gold project. The Company was able to rapidly mobilise and complete the drilling work late last year, with submission of samples to the laboratory just before Christmas 2021. A total of 25 holes were completed, for a total of 1,994m.

Original plans were for 1,500m, but a number of holes were extended during the course of drilling based on field geology logging. One example of this is hole TGRC008; planned for 135m, but extended to 164m, intercepting mineralisation of 1m at 1.24 g/t Au at 144m depth, and 4m @ 3.94 g/t Au from 147m depth. Other highlights of this drilling include: 2m @ 2.29 g/t Au from 104m depth on hole TGRC007; 2m @ 3.47 g/t Au from 111m depth on hole TGRC008; 4m @ 3.94 g/t Au from 147m depth also on hole TGRC008; 2m @ 5.42 g/t Au from 47m depth on hole TGRC012; 14m @ 2.49 g/t Au from 63m depth on hole TGRC013; 4m @ 2.74 g/t Au from 96m depth also on hole TGRC013; 4m @ 6.9 g/t Au from 109m depth on hole TGRC014; 4m @ 2.85 g/t Au from 115m depth also on hole TGRC014; 6m @ 3.07 g/t Au from 12m depth on hole TGRC018; 4m @ 15.07 g/t Au from 36m depth on hole TGRC020; 3m @ 4.01 g/t Au from 53m depth on hole TGRC021; 5m @ 3.08 g/t Au from 39m depth on hole TGRC023.

Next Steps: The recent drilling, sampling and assay work shows that the Company is determined to execute on its announced strategy to immediately explore and develop the Tumblegum South asset. This drilling provides more information on the geology and mineralisation of Tumblegum South, and gives the Company confidence that the deposit is suitable for further work leading to a mining project study. These results will also be used to inform further stages of drilling and Resource work at Tumblegum - this work is currently being tendered to commence in February, with an independent update to the Resource model to follow.