Starmet Ventures Inc. Accelerates Finder's Fee Share Issuance

VANCOUVER, BC, June 10, 2026 — Leads & Copy — Starmet Ventures Inc. (CSE: STAR) announced it has accelerated the issuance of finder's fee shares related to its non-brokered private placement of unsecured convertible debentures. This acceleration follows previous announcements on March 25, May 6, and May 25, 2026, regarding the placement.

Previously, Starmet disclosed paying $220,000 in cash finder's fees to certain qualified arm's length parties. Upon conversion of the convertible debentures into company units, the finder was entitled to receive up to 982,142 common shares, referred to as Finder's Shares. The terms of this finder's fee arrangement have now been amended, meaning the issuance of the Finder's Shares is no longer contingent on the conversion of the convertible debentures.

Consequently, Starmet issued the 982,142 Finder's Shares to the finder effective May 26, 2026. The company stated that this accelerated issuance was agreed upon to reduce the administrative effort associated with issuing Finder's Shares as each convertible debenture is converted.

In accordance with Canadian securities laws and the policies of the Canadian Securities Exchange, all issued Finder's Shares are subject to a restricted period of four months and one day from their issuance date. The press release also noted that these securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws. Therefore, they cannot be offered or sold within the United States unless registered or an exemption from registration requirements is available. The release clarified that it does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such activity would be unlawful.

Starmet Ventures Inc.'s primary business activities involve the exploration of mineral resource properties, with a particular focus on its holdings in Esmeralda County, Nevada, and Ear Falls, Ontario. The company's objective is to identify and develop mineral resource properties of merit and to conduct exploration programs on these properties.

Source: Starmet Ventures Inc.