The Gold Run Property acquisition represents a transformative milestone for Lodestar Metals Corp. as the company expands its exploration footprint in Nevada and strengthens its executive leadership to support growth ambitions.

Lodestar Metals Corp. (TSXV: LSTR; OTC: SVTNF), a Vancouver-based mineral exploration firm, has officially completed the acquisition of the Gold Run Property, an advanced-stage gold project strategically situated in Humboldt County, Nevada. This development follows the execution of an option agreement signed on 6 May 2025 with respected geologists William Matlack and Don McDowell. The agreement secures Lodestar a 100% interest in the asset, subject to a retained royalty.

The project’s location—at the geological intersection of the Getchell and Battle Mountain-Eureka Trends, underscores its exploration significance, given these corridors’ prolific gold-producing history. With regulatory approvals now obtained, the company’s shares are set to resume trading, signalling a new phase of operational activity and market visibility.

Strengthening of Leadership to Accelerate Growth

In conjunction with the Gold Run Property acquisition, Lodestar has announced pivotal leadership appointments aimed at bolstering its governance structure and strategic execution capacity.

David Christie Appointed as Director

David Christie, P.Geo., has joined the Board of Directors, bringing nearly four decades of combined experience in mineral exploration, corporate development, and mining finance. A founding member of Osisko Mining Inc., Mr Christie has held senior executive roles at Orford Mining, Globex Mining, and Dundee Corporation subsidiaries. He also previously served as a senior mining equity analyst at major Canadian investment firms including TD Securities and Scotia Capital.

His technical acumen, combined with a strong track record in M&A and capital markets strategy, will be integral to guiding Lodestar’s exploration initiatives and corporate growth.

Don McDowell Joins as Strategic Advisor

Also joining the leadership team is Don McDowell, an accomplished exploration executive with over 30 years of technical and commercial experience across the Americas. His professional background includes senior roles at industry leaders such as Nippon Mining, Santa Fe Pacific Gold, and Kennecott.

Mr McDowell’s role as Strategic Advisor is expected to contribute significantly to the advancement of Gold Run. His deep expertise in identifying high-value assets and managing complex exploration projects will support Lodestar’s efforts to maximise the property’s discovery and development potential.

Geological Profile and Historic Exploration at Gold Run

The Gold Run Property comprises 75 unpatented mining claims across approximately 516 hectares, divided into two non-contiguous blocks. Located within a district renowned for gold exploration since the 1860s, the property benefits from robust historical data.

Between the 1960s and present day, the site has seen exploration by 15 different operators, resulting in 131 historical drill holes (totalling 17,823 metres), as well as extensive rock and soil geochemical sampling. Notably, a 2008 diamond drilling campaign by Golden Predator Mining Corp. yielded high-grade gold and silver mineralisation:

• Hole GPA0041: 11.2 g/t Au and 20 g/t Ag over 5 feet (120–125 ft)
• Hole GPA0111: 6.1 g/t Au and 12 g/t Ag over 10 feet (180–190 ft)
• Hole GPA0272: 27.41 g/t Au and 83 g/t Ag over 30 feet (80–110 ft), including a higher-grade interval of 53.31 g/t Au and 143 g/t Ag over 15 feet (80–95 ft)

Lodestar intends to build on this foundation through modern geophysical surveys and targeted drilling. Exploration will focus on identifying epithermal-style mineralisation, while also assessing potential for Carlin-type, skarn, and porphyry-style systems.

Option Agreement Terms and Future Milestones

The acquisition is structured through a staged option agreement, requiring Lodestar to make total cash payments of US$450,000 across six years. Additionally, the company will reimburse US$17,500 in annual claim filing fees to the vendors.

Performance-based milestone payments are also outlined as follows:

• US$500,000 upon completion of a preliminary economic assessment (PEA)
• US$1,000,000 upon delivery of a pre-feasibility study
• US$1,000,000 upon completion of a feasibility study or obtaining financing for mine construction

The transaction has been classified as a “Fundamental Acquisition” under TSX Venture Exchange (TSXV) policies. As a result, Lodestar’s shares were temporarily halted on 7 May 2025, with trading expected to resume imminently.

Corporate Updates and Forward Strategy

Following the acquisition’s closure, Lodestar granted 800,000 stock options to directors and officers at a strike price equal to or greater than CAD $0.05. These options carry a five-year term.

In governance news, David Christie replaces Scott Margach, who has resigned from the board for personal reasons. The company expressed its appreciation for Mr Margach’s contributions.

All technical information in the release has been reviewed and approved by Ty Magee, P.Geo., a Qualified Person under National Instrument 43-101 standards.

A Strategic Foundation for Long-Term Growth

The successful Gold Run Property acquisition provides Lodestar with a high-quality asset in one of North America’s most prolific gold belts. Supported by strong historical results, an experienced technical team, and a refined strategic vision, the company is well-positioned to advance the project through its next phases of exploration and development.