Blue Star Announces Closing of First Tranche of Non-Brokered Private Placement

Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") announces that, further to its news releases of May 19, 2026 and May 25, 2026 and subject to the approval of the TSX Venture Exchange (the "Exchange"), it has closed the first tranche of its non-brokered private placement of units (each, a "Unit") and flow-through common shares (each, a "FT Share") raising total gross proceeds of $3,141,000.62 through the issuance of 8,395,834 Units at $0.24 per Unit and 4,330,771 FT Shares at $0.26 per FT Share (the "Private Placement"). Each Unit consists of one common share of the Company (each a "Share") and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant").