Blue Star Gold Announces Option Grants

Rhea-AI Summary

Blue Star Gold (TSXV: BAU / OTCQB: BAUFF) announced on October 8, 2025 that it granted incentive stock options to purchase a total of 3,200,000 common shares. The options carry an exercise price of $0.245 per share and expire after 5 years. Grants were made to certain directors, officers, consultants and employees under the company's stock option plan.

Positive

• 3,200,000 options granted to align management and stakeholders
• Options priced at a fixed exercise price of $0.245 per share

Negative

• Potential issuance of 3,200,000 common shares upon exercise
• 5-year term creates a multiyear share overhang for investors

Vancouver, British Columbia--(Newsfile Corp. - October 8, 2025) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company") announces that it has granted incentive stock options to purchase a total of 3,200,000 common shares at an exercise price of $0.245 per common share for a period of 5 years to certain directors, officers, consultants and employees in accordance with the provisions of its stock option plan.

About Blue Star Gold Corp.

Blue Star is a mineral exploration and development company focused in Nunavut, Canada. Blue Star's landholdings total 300 square kilometres of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt. The Company owns the Ulu Gold Project, comprised of the Ulu Mining Lease and Hood River Property, and the Roma Project. A significant high-grade gold resource exists at the Flood Zone deposit (Ulu Mining Lease), and numerous high-potential exploration targets (gold and critical minerals) occur throughout the Company's extensive landholdings, providing Blue Star with excellent resource growth potential. The site of the future deep-water port at Grays Bay is 40 - 100 km to the north of the properties, and the proposed route corridor for the all-weather Grays Bay Road passes close by the Roma and Ulu Gold Projects.

Blue Star is listed on the TSX Venture Exchange under the symbol: BAU, the U.S. OTCQB Venture Market under the symbol: BAUFF, and on the Frankfurt Exchange under the symbol: 5WP0. For information on the Company and its projects, please visit our website: www.bluestargold.ca.

For further information, please contact:

Grant Ewing, P. Geo., CEO
Telephone: +1 778-379-1433
Email: info@bluestargold.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX-Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269615

FAQ

What did Blue Star Gold (BAUFF) announce on October 8, 2025?

Blue Star Gold announced grants of 3,200,000 incentive stock options under its stock option plan.

How many shares can be acquired under the BAUFF option grants?

The grants allow purchase of a total of 3,200,000 common shares.

What is the exercise price and term for the BAUFF options?

Options have an exercise price of $0.245 per share and expire in 5 years.

Who received the option grants from Blue Star Gold (BAUFF)?

Options were granted to certain directors, officers, consultants and employees.

How could the BAUFF option grants affect shareholders?

If exercised, the options could result in the issuance of 3,200,000 common shares, increasing share count.

Under what plan were the BAUFF options granted?

The options were granted in accordance with the company's stock option plan.