Announcement • 8h
Stardust Metal Updates on Drilling and Exploration Plans Along the Cadillac Break Stardust Metal Corp. provided a mid-year update on its 2026 work program, with all major initiatives progressing on schedule across its flagship McGarry, Omega and Kirkland West projects located on the prolific Cadillac Break in Kirkland Lake, Ontario, alongside Barrick, Agnico Eagle and Pierre Lassonde's Cadillac Mines. Since outlining its exploration strategy earlier this year, the Company has advanced each of its key technical and corporate objectives, positioning Stardust for a catalyst-rich second half of 2026 McGarry -- Advancing from Geophysics to Drilling: At McGarry, the Company is commencing its Ambient Noise Tomography ("ANT") survey, which will refine the geometry of the sedimentary basin and further define the large magnetotelluric ("MT") anomaly previously identified between approximately 250 metres and greater than 1,000 metres depth. The survey will help prioritize drill targets for the Company's planned deep drilling program. At the same time, Stardust is finalizing a near-surface drill program expected to commence in early August to test shallow gold targets along the Cadillac and Armistice fault systems, immediately along strike from Cadillac Mines' Kerr-Addison deposit. Omega -- Resource Update Progressing: Diamond drilling validation work at the Omega project is nearing completion, with the updated NI 43-101 mineral resource estimate work now underway following a recent site visit by the Company's independent QP consulting geologist. A draft resource estimate is targeted for completion late in the third quarter. As previously announced, the updated estimate will incorporate a comprehensive review of the historical drilling database, geological reinterpretation aimed at identifying opportunities for resource expansion, and current gold price assumptions significantly higher than those used in the 2013 estimate. Corporate and Financial: During the second quarter, Stardust further strengthened its financial position while simplifying the ownership structure of its key assets. The Company completed a private placement led by strategic investor Daniel Earle (see news releases of May 22, June 2 and June 12, 2026) and acquired 1.5% royalties on both the Kirkland West and Omega projects (see news release of June 15, 2026), increasing the Company's future exposure to exploration success across those projects. As the Company enters the second half of 2026, its focus shifts from data collection to value creation through exploration. With multiple technical programs advancing in parallel and several significant catalysts expected over the coming months, Stardust remains focussed on systematically advancing its district scale land package in a camp where consolidation and value recognition continues to accelerate. Kerr-Addison Tailings -- Drilling Complete, Characterization Underway The Company has completed the sonic drilling program announced on May 19, 2026 on the historic Kerr-Addison tailings deposit at McGarry, one of the largest historic tailings accumulations in the Kirkland Lake camp. The program totalled approximately 2,100 metres of sonic drilling on combined 100-metre and 50 metre centres, with all samples submitted to an accredited assay laboratory. WSP Canada Inc., which is managing the program, is conducting density testing and establishing metallurgical test protocols to evaluate potential gold recovery and processing options. Preliminary metallurgical work is expected in late summer. Assay results, together with metallurgical, density and volumetric data, are expected to support an initial NI 43-101 mineral resource estimate targeted for the second half of 2026. New Risk • Jun 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (CA$55.2m market cap, or US$38.9m). Announcement • Jun 13
Stardust Metal Corp. announced that it has received CAD 5.26 million in funding On June 12, 2026. Stardust Metal Corp. announced that it has closed final tranche of the transaction. It has issued 4,255,319 premium flow-through units issued at a price of CAD 0.6486 per premium flow-through unit for aggregate gross proceeds of approximately CAD 2,759,999.90 under its second and final tranche. All securities issued in connection with the second tranche are subject to a four-month hold period under applicable securities laws. No finders' fees or commissions were paid in connection with the offering. Announcement • May 23
Stardust Metal Corp. announced that it expects to receive CAD 5.26 million in funding Stardust Metal Corp. announced a non-brokered private placement to issue 1,595,745 FT Units at a price of CAD 0.47 per FT Unit, for aggregate gross proceeds of up to CAD 750,000.15, 4,255,319 PFT Units at a price of CAD 0.6486 per PFT Unit, for aggregate gross proceeds of up to CAD 2,759,999.9034 and 3,723,404 NFT units at an issue price of CAD 0.47 per unit for gross proceeds of CAD 1,749,999.88; aggregate gross proceeds of CAD 5,259,999.9334 on May 22, 2026. Each FT Unit and each PFT Unit will consist of one common share of the Company and one common share purchase Warrant. Each FT Unit Warrant will entitle the holder thereof to acquire one additional common share at an exercise price of CAD 0.70 per Common Share for a period of 24 months from the date of issuance of the FT Units. Each NFT Unit will consist of one Common Share and one Common Share purchase warrant, with each warrant entitling the holder thereof to acquire one additional Common Share at an exercise price of CAD 0.70 per Common Share for a period of 24 months from the date of issuance of the NFT Units. Closing of the FT Units and NFT Units is expected to occur on or about June 1, 2026 and is subject to all customary approvals. Closing of the PFT Units is expected to occur on or about June 11, 2026 and is subject to all customary approvals. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. The transaction led by Daniel Earle and Significant insider participation, including a CAD 500,000 subscription from Stephen Stewart. No fees will be paid in connection with this financing. New Risk • May 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$21.4m market cap, or US$15.5m). Announcement • May 22
Stardust Metal Corp., Annual General Meeting, Jul 14, 2026 Stardust Metal Corp., Annual General Meeting, Jul 14, 2026. 
