Western Star Resources Inc. Closes First Tranche of Private Placement

VANCOUVER, British Columbia, June 11, 2025 (GLOBE NEWSWIRE) -- Western Star Resources Inc. (CSE: WSR) (“Western Star” or the “Company”) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of CAD$394,400. The Company issued 2,629,333 million units of the Company, at a purchase price of $0.15 per unit.

Each unit is comprised of one common share in the capital of Western Star and one share purchase warrant, which is exercisable into one common share at an exercise price of $0.30 per share expiring June 11, 2027. The warrants will be subject to an acceleration clause which states: Pursuant to the financing, in the event the Company's share price closed at a price of CAD$0.40 per share for a period of 10 consecutive trading days on the CSE Canadian Securities Exchange, the Company may accelerate the term of the Eligible Warrants to a period of 30 days commencing 7 days after the last premium trading day with notice given to the warrant holders in writing or by news release. All securities issued under the Offering and including Warrants will be subject to a four (4) month holding period. The Company paid a finder’s fee to Ventum Financial Corp for the total of $5,500 in cash.

The Company intends to use the net proceeds to define high priority drill targets at its flagship Western Star Project, general working capital and market awareness.

All securities issued to U.S. purchasers are restricted securities pursuant to Rule 144 under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Consulting Service Agreement

The Company also announces that it has entered into a consulting services agreement (the “Agreement”) with 1123963 B.C Ltd. DBA Capitaliz On It (“Capitaliz”), a social media influencer focused digital marketing agency out of Vancouver, BC, to increase investor awareness and interest in the Company as well as attracting new investors through various online platforms and to provide a comprehensive digital media marketing campaign for the Company.

The Agreement is for an initial term of 3 months with an overall marketing budget of $110,000 CAD. The engagement of Capitaliz is subject to the approval of the "CSE" Canadian Securities Exchange Approval (the “CSE”) and no services shall be provided until such approval has been obtained. The services to be provided by Capitaliz will include assisting the Company with the development of a corporate marketing strategy and providing marketing and public relations advisory services, assisting with the coordination of marketing, news flow and events, making introductions to Capitaliz’s network of media contacts, internet and social media marketers and other such providers, as well as to assist with various other public relations efforts. The services provided will be facilitated by way of digital venues such as programmatic digital marketing, social media marketing, select television broadcasts and radio advertising, email marketing, influencer outreach and placement of related marketing content on public websites.

To the best of the Company’s knowledge, none of Capitaliz or any of its directors, officers or shareholders holds, directly or indirectly, any securities of the Company or have any right or intent to acquire any such securities. The proposed compensation for Capitaliz does not include any securities of the Company.

About Capitaliz On It

Capitaliz is a content-driven digital marketing agency that connects public companies with social media influencers across all major social media platforms, leveraging a creator network that reaches over 100 million subscribers.

Capitaliz On It
www.capitalizonit.com
778-237-1431
Vancouver, B.C

Additional Information

Additional information about the Company and the transaction is available on SEDAR+ at www.sedarplus.ca under the Company’s profile. The summary of the transaction set out above is qualified in its entirety by reference to the description of the transaction in the Company’s filing statement posted on SEDAR+.

About Western Star Resources Inc.

Western Star is a mineral exploration and development company. The company’s objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties and seeking partnerships by either joint venture or sale with industry leaders. The company currently owns nine non-surveyed contiguous mineral claims totaling 2,797 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 km southeast of Revelstoke, BC, and roughly 10 km north of the abandoned community of Camborne.

Contact Information:
Blake Morgan,
CEO and Director
blake@acvc.vc

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Certain of the statements made and information contained herein may constitute “forward-looking information”. In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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