Lodestar Metals Enters into Exclusivity Agreement on Silver Projects in Eureka Silver District, Nevada

Rhea-AI Summary

Lodestar Metals Corp. (OTCQB: SVTNF) has entered into an exclusivity agreement to negotiate terms for optioning silver-focused claims in the West Eureka Project, Nevada. The project comprises 20 unpatented lode claims within the Battle Mountain - Eureka Trend, featuring promising historical grab samples including up to 378 g/t silver at Silver King prospect.

The company paid a US$7,500 fee for exclusive rights until November 15, 2025, to finalize the agreement. Additionally, Lodestar is evaluating 65 unpatented lode claims in the Austin Silver District. The company also announced an investor relations agreement with 15605237 Canada Inc. for $25,000 and granted 500,000 stock options at $0.05 per share.

Positive

• None.

Negative

• Project is relatively unexplored with limited modern exploration
• Historical sample results have not been independently verified
• Additional due diligence still required to verify historical results
• Potential share dilution from new stock option grants

Vancouver, British Columbia--(Newsfile Corp. - September 8, 2025) - Lodestar Metals Corp. (TSXV: LSTR) (OTCQB: SVTNF) ("Lodestar" or the "Company") is pleased to announce it has entered into an exclusivity agreement with a group of arm's-length vendors to negotiate the terms of an agreement to option silver-focused unpatented mineral claims in West Eureka, Nevada (the "Eureka West Project").

Lowell Kamin, President and CEO of Lodestar stated: "Eureka West gives us a chance to keep moving things forward in Nevada. Having a second opportunity here is a structurally important step for the company, and with strong historical results on the ground that hasn't seen modern exploration, it's an exciting addition as we continue advancing our portfolio."

The West Eureka Project consists of an initial 20 unpatented lode claims located within the prolific Battle Mountain - Eureka Trend (Figure 1). The West Eureka Project is relatively unexplored; grab samples previously taken by the vendors include: up to 378 g/t silver, 1.1% copper at Silver King prospect; up to 277 g/t silver, 2.7% copper at Angel prospect; and up to 254 g/t silver, 0.4 g/t gold and 7.7% lead at Jag prospect.

Figure 1: Map of Nevada showing the location of the Eureka West and Gold Run Projects in relation to the distribution of the major gold and silver deposits and the 4 primary known mineral deposit trends.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3029/265343_1bb7ca88c476183c_001full.jpg

Company personnel recently visited the Eureka West Project to assess its geology and mineralization. While due diligence on the property is ongoing, several historical shafts have exposed two primary mineralization types: carbonate replacement at the Jag prospect (Figure 2, left); and fault breccias at the Angel prospect (Figure 2, right).

Figure 2: Historical shafts at the West Eureka Project showing the 2 major types of silver-mineralization: shallow-dipping carbonate replacement (left) and vertical fault-breccia (right)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3029/265343_lodestarfig2.jpg

Additionally, the field team is also assessing a property of 65 unpatented lode claims in the highly-prospective Austin Silver District, Nevada's second largest historical silver producer after the Comstock Lode (Figure 1). Evaluation on this property is still ongoing.

In consideration of a one time fee of US $7,500, Lodestar has the exclusive right to settle the terms of a definitive agreement with the vendors on the Eureka West Project until November 15, 2025.

Figure 3: Claims map for the Eureka West Silver Project showing the 20 claims JAG-19 to JAG-36 (southern area) and JSP#100-101 (northern area)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3029/265343_1bb7ca88c476183c_004full.jpg

Corporate Update

The Company also entered into an investor relations agreement with 15605237 Canada Inc. ("15605237"), a company controlled by Daniel Kozel, to provide investor outreach services on behalf of the Company. In consideration of the services, the Company has agreed to pay $25,000 as follows: $8,333 on signing, $8,333 one month after signing and $8,334 two months after signing. The Company will also issue 15605237 a total of 250,000 stock options exercisable at $0.05 per share for a period of five years from the date of grant. The options will vest over 12 months as follows: 25% at 3 months and 25% every 3 months thereafter. The term of the agreement is for a period of four months and may be terminated on providing 15 days' notice.

Neither 15605237 and Daniel Kozel has any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest except the stock options noted above.

The Company also announces that it has granted 250,000 stock options to an advisor exercisable at $0.05 per share for a period of five years from the date of grant.

QP STATEMENT

The technical content of this news release has been reviewed and approved by Ty Magee, M.Sc.; P. Geo who is a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The grab sample results referenced in this release are historical in nature, have not been independently verified by Lodestar, and therefore should not be relied upon. Due diligence on the property such as resampling historical showings is still ongoing and will be required to verify the accuracy of such results.

ABOUT LODESTAR METALS

Lodestar Metals Corp. is a Canadian mineral exploration company advancing high-potential projects in North America. The Company's flagship asset includes the newly optioned Gold Run Property in Nevada, situated along the prolific Getchell and Battle Mountain-Eureka Gold Trends and the Peny Property in the Snow Lake District of Manitoba. Lodestar's strategy focuses on high-impact exploration, strategic acquisitions, and responsible development. For further information, please visit our website at www.lodestarmetals.ca.

CONTACT
Lodestar Metals Corp.
Lowell Kamin, President, CEO & Chairman of the Board
(416) 272-1241
lowell@lodestarmetals.ca

NEITHER 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/265343

FAQ

What are the key terms of Lodestar Metals' (SVTNF) Eureka West Project agreement?

Lodestar paid US$7,500 for exclusive rights until November 15, 2025, to negotiate terms for 20 unpatented lode claims in West Eureka, Nevada.

What are the historical silver grades reported at Lodestar's (SVTNF) Eureka West Project?

Historical grab samples showed up to 378 g/t silver at Silver King prospect, 277 g/t silver at Angel prospect, and 254 g/t silver at Jag prospect.

How many stock options did Lodestar Metals (SVTNF) grant in September 2025?

Lodestar granted a total of 500,000 stock options - 250,000 to 15605237 Canada Inc. for investor relations services and 250,000 to an advisor, both at $0.05 per share for five years.

What types of mineralization were identified at Lodestar's Eureka West Project?

Two primary mineralization types were identified: carbonate replacement at the Jag prospect and fault breccias at the Angel prospect.

Where is Lodestar Metals' (SVTNF) new silver project located?

The Eureka West Project is located in the Battle Mountain - Eureka Trend in Nevada, and the company is also evaluating claims in the Austin Silver District, Nevada's second-largest historical silver producer.