Star Royalties Executes Conversion of Elk Gold Royalty

June 1, 2026- TheNewswire - TORONTO, ON – Star Royalties Ltd. (“Star Royalties”, or the “Company”) (TSXV: STRR, OTCQX: STRFF) today announced the signing of a previously announced agreement with Nhwelmen Construction Limited Partnership (“ NCLP ”), whereby Elk Gold Mining Corp., a subsidiary of Gold Mountain Mining Corp. (“ Gold Mountain ”), will repurchase the Company's 2% net smelter return (“ NSR ”) royalty on the Elk Gold Mine (“ Elk Gold ”) in exchange for an option to acquire a 5% equity ownership of Gold Mountain (the “ Transaction ”) following the court-approved resolution of Gold Mountain's receivership process. Transaction Highlights