Western Star Resources Inc. Announces Private Placement

December 12th, 2023 – Western Star Resources Inc. (WSR: CSE) is pleased to announce a proposed non-brokered private placement offering to raise total gross proceeds of up to $800,000 (the “Offering”).

Western Star intends to undertake a non-brokered private placement (the "Private Placement") of up to 8,000,000 million units of securities of the Company ("Units") at a purchase price of $0.08 per Unit for aggregate gross proceeds of $800,000.00. Each Unit will be comprised of one common share in the capital of the Company (a "Common Share") and one whole Common Share purchase Warrant. Each whole warrant will entitle the holder to purchase one additional Common Share (a "Warrant Share") at an exercise price of $0.15 at any time up to 36 months following issuance.

Proceeds will be used for general working capital and, more importantly, to define new drill targets on the Company’s 100% owned, high-grade, drill permitted Western Star Property in British Columbia and its high-grade Mount Anderson Property, in the Yukon.

Insiders may participate in the placement and, as such, their participation in the Private Placement is a related-party transaction under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. Finders’ fees in connection with the Offering may be payable in accordance with the policies and subject to the approval of the Canadian Securities Exchange (“CSE”). All Shares issued in connection with the Offering will be subject to a statutory hold period with the following release terms: 1/3 four months and one day after the closing of the Offering, 1/3 eight months following the date of issuance, and 1/3 twelve months following the date of issuance.  Completion of the Offering is subject to the approval of the CSE. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”) but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61101.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

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