Star Minerals Limited received the assay results from its reconnaissance gold drilling campaign at the "Star of the East" project. The drilling program consisted of 7 holes which were completed for a total of 283m. Results of significance include: o 14m@ 8.3 g/t Au from 15m depth on hole SRC003, including: 8m @ 14.2 g/t Au from 18m depth, and including: 1m @ 80.9 g/t Au o 6m @ 4.95 g/t Au from 9m depth on hole SRC007, including 1m @ 12.2 g/t Au o 6m @ 1.94 g/t Au from 7m depth on hole SRC005 o 4m @ 2.44 g/t Au from 16m depth on hole SRC006 Once again leveraging from its commercial relationships, Star Minerals was able to quickly execute the planned drilling program during September 2022 and submit its samples, with the results returned in November 2022.

These holes were planned to test the interpretation of the geology based on the historical mining and exploration data that the Company could find and serve as a way to validate the historical information. the wider regional overview with Star of the East part of the Tumblegum South Project Area, around ~40km to the South of Meekatharra. a plan of the drill collars, the collar location, drill trace and significant intercepts.

cross section looking to the East, showing the collar, drill trace and significant interval of the recently completed drilling, compared to historical drilling and assays. The Star of the East project has historic resources and production values, none of which are JORC- compliant. Note the current work does not change the information or affect the resource already described.

Star of the East is located approximately 40km south of the town of Meekatharra in Western Australia. The existing lease E51/1561 is located 2.5km to the west of ML51/888, which is the location of Star Minerals Tumblegum South project. The recent drilling, sampling and assay work from drilling shows that the Company is determined to execute on its announced strategy to immediately explore and develop assets that complement its existing projects.

The success of the first round of work and the positive correlation with the historical results will be followed up with a larger program. This work to further explore and define the gold mineralisation is currently in the planning phase. The Company plans a further drilling program once all data has been collected, analysed and reviewed.