Blue Star Awarded a Contribution up to $250,000 by Nunavut's Discovery, Invest, Grow Program; NI 43-101 Technical Report on the Ulu Gold Project Filed

Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") is pleased to announce its participation in the Government of Nunavut's Discover, Invest, Grow ("DIG") program. Through DIG the Company will receive up to a $250,000 contribution toward its drilling activities at its Auma Project. The DIG program supports advancing mineral exploration activities in Nunavut and encourages local Nunavut employment at Blue Star's projects. Blue Star has received an initial contribution of $125,000, and an additional $125,000 contribution is expected following review/approval of the Company's 2026 exploration summary report. Filing of the Ulu Gold Project Technical Report The Company also announces that it has filed on SEDAR an independent Technical Report (the "Technical Report") prepared in accordance with National Instrument 43-101 for the Ulu Gold Project (the "Project") in Nunavut, Canada. The Technical Report titled "Updated Mineral Resource Estimate and Technical Report on the Ulu Gold Project, Nunavut, Canada" is dated July 06, 2026, and supports the disclosure made by the Company in its May 21, 2026, news release announcing the updated Mineral Resource Estimate at the Ulu Gold Project. There are no differences between the Technical Report and the information disclosed in the May 21, 2026, news release. The Technical Report can be found under the Company's profile on SEDAR ( www.sedarplus.ca ) and on the Corporation's website ( www.bluestargold.ca ). Highlights of the Updated Mineral Resource Estimate Measured and Indicated Mineral Resource of 2.204 million tonnes at an average grade of 7.87 grams per tonne ("g/t") gold ("Au") for 558,000 ounces of gold Inferred Mineral Resource of 3.263 million tonnes at an average grade of 4.54 g/t Au for 476,000 ounces of gold Existing metallurgical studies suggest that all zones within the MRE could potentially be co-processed, achieving go...