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Hampton Securities Limited Announces closing of Upsized $3 Million LIFE Private Placement Financing of Glenstar Minerals Inc. (CSE:GSTR)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Hampton Securities Limited ("Hampton" or the "Agent") is pleased to announce the closing of a commercially reasonable efforts private placement of 4,500,000 units (the "Units") at a price of $0.68 per Unit (the "Offering") of Glenstar Minerals Inc. (CSE:GSTR) ("Glenstar" or the "Company"). Hampton elected to exercise its over-allotment option to purchase an additional 622,235 Units at a price of $0.68 per Unit for total proceeds of $423,119.80. After taking into account the over-allotment option exercise, the Company issued 5,122,235 Units for total gross proceeds of $3,483,119.80.

Each Unit consists of one (1) common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"), with each Warrant exercisable to purchase one (1) additional Common Share (a "Warrant Share") at a price of $0.85 per Warrant Share until August 26, 2027.

Pursuant to the agency agreement dated August 26, 2025, Glenstar paid to the Agent a cash commission equal to 7% of the proceeds and granted the Agent and its sub-agents non-transferable warrants entitling the Agent and its sub-agents to purchase a total of 358,556 Common Shares at a price of $0.68 per Common Share until August 26, 2027.

The Units were offered pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption on a private placement basis pursuant to relevant prospectus and registration exemptions in accordance with applicable laws. The securities issued under the Offering are not subject to a hold period pursuant to applicable Canadian securities laws.

The Company intends to use the net proceeds of the Offering for drilling at the Green Monster Property, trenching at the Wild Horse Property, additional exploration activities at both the Green Monster Property and the Wild Horse Property, and for general and administrative expenses and working capital purposes, ...