Canstar Receives Initial Cash and Share Consideration Under Golden Baie Option Agreement

Toronto, Ontario--(Newsfile Corp. - March 30, 2026) - Canstar Resources Inc. (TSXV: ROX) (OTCID: CSRNF) ("Canstar" or the "Company") is pleased to announce that, further to its press release dated March 23, 2026, it has received the initial cash payment and common share consideration from Churchill Resources Inc. ("Churchill") in connection with the previously announced option agreement relating to Canstar's Golden Baie gold–antimony project located in Newfoundland (the "Golden Baie Project"). Pursuant to the option agreement, Canstar has received the following: Cash Payment: $208,167, representing reimbursement of existing cash bonds posted on the Golden Baie Project; and Initial Share Issuance: 15,834,097 common shares of Churchill, representing approximately 5.0% of Churchill's issued and outstanding shares on a post-issuance basis.