ORIGINAL: Western Star Resources Closes Over $3,000,000 in Over Subscribed Private Placement

Feb 25, 2026

2026-02-25 08:01 ET – News Release

(via TheNewswire)

February 25, 2026 – TheNewswire – Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (the “Company” or “Western Star”) announces that, further to its news release of February 17, 2026, it has closed its non-brokered private placement and raised $3,046,089 through the issuance of 20,307,254 units (the “Units”) at a price of $0.15 per Unit. Each Unit is comprised of one common share and one share purchase warrant (a “Warrant”) with each Warrant entitling the holder to purchase one common share at a price of $0.30 per warrant share expiring February 23, 2028.

The Company paid finders fees of $83,119.01 and issued 553,887 finder warrants at a price of $0.30 for period of two years expiring February 23, 2028. All securities issued are subject to a four month hold period expiring June 24, 2026.

The Company intends to use the net proceeds to define high priority drill targets at its Western

Star Project and to complete its critical metals move into Nevada, general working capital and

market awareness.

Blake Morgan CEO states “ We’re pleased to complete this private placement and now focus on advancing our tungsten project. With strengthening tungsten prices and increasing strategic attention on securing reliable, domestic supply, Western Star Resources is well positioned to capitalize on the growing momentum in the sector. Market dynamics have shifted meaningfully, and tungsten is re-emerging as a critical mineral of importance.”

The Company also announces that it has granted an aggregate of 2,000,000 stock options (the “Options”) to certain directors, officers, employees and consultants of the Company pursuant to its rolling stock option plan. Each Option is exercisable to acquire one common share of the Company at an exercise price of $0.30 per share for a period of three (3) years from the date of grant. The Options will be fully vested when issued and are subject to acceptance by the Canadian Securities Exchange.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ” U.S. Securities Act “) or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. “United States” and “U.S. person” have the respective meanings assigned in Regulation S under the U.S Securities Act.

About Western Star Resources

Western Star Resources 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 4,740 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometers southeast of Revelstoke, B.C., and roughly 10 kilometers north of the abandoned community of Camborne.

Contact Information:

Blake Morgan,

CEO and Director

[email protected]

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.

Not for distribution to United States Newswire Services or for dissemination in the United States

https://www.westernstarresources.com/