Arctic Star to Defend Notice of Action

(TheNewswire)

April 28 ,2025 – TheNewswire - Vancouver, British Columbia– Arctic Star Exploration Corp. (“ ArcticStar ” or the “ Company ”) reportsthat it received a Notice of Action and Statement of Claim that hasbeen commenced in the Ontario Superior Court of Justice (the“ LitigationClaim ”).  The Litigation Claim was filed byRobert Shindleman and Sandy Shindleman (together, the “ Plaintiffs ”),naming Arctic Star as a defendant amongst other parties (the“ Defendants ”).

The Litigation Claim seeks damages in the aggregateamount of $600,000 plus punitive damages and costs. The LitigationClaim relates to a private placement the Company conducted in 2015(the “ Offering ”) and specifically, whether the Offering constituted aneligible flow-through offering of shares pursuant to the provisions ofthe Income TaxAct (Canada).

The Company expects to vigorously defend itself againstthese allegations. The Company denies it is liable as alleged in theLitigation Claim and expressly reserves all of its rights andremedies. Additional updates will be provided in due course.

About Arctic Star

Arctic Star is predominantly a diamond explorer,recently discovering 5 new kimberlites in the prolific Lac De Graskimberlite field that supports 2 multi-billion dollar kimberlitemining complexes. The Company also has a 958 Ha Exploration permitcontaining several diamond-bearing kimberlites on its Timanttiproject, Kuusamo Finland. The Company continues to look forappropriate diamond opportunities elsewhere.

ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.

“Patrick Power”

Patrick Power, President & CEO
+1 (604) 218-8772
ppower@arcticstar.ca

This news release contains"forward-looking statements" including but not limited tostatements with respect to litigation involving the Company.Forward-looking statements, while based on management's best estimatesand assumptions, are subject to risks and uncertainties that may causeactual results to be materially different from those expressed orimplied by such forward-looking statements, including but not limitedto risks related to potential litigation. There can be no assurancethat such statements will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in suchstatements. Accordingly, readers should not place undue reliance onforward-looking statements. Arctic Star undertakes no obligation orresponsibility to update forward-looking statements, except asrequired by law.

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

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