Vancouver, British Columbia, April 16, 2026 – TheNewswire - Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (4K2: FRA) (the “Company” or “Western Star”) is pleased to announce a non-brokered private placement (the "Private Placement") of up to 6,000,000 units of the Company ("Units") at a price of $0.50 per Unit for aggregate gross proceeds of up to $3,000,000.

 

Each unit will consist of one common share of the Company and one-half of one common share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to acquire one additional common share at a price of $0.75 for a period of 24 months from the date of issuance.

 

The Company intends to use the net proceeds for the phase 1 and 2 drill programs on the past producing Tungsten asset, the Rowland Property, completion of its critical metals move into Nevada/America, general working capital and market awareness. The Private Placement remains subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange.

 

Blake Morgan, President and CEO of Western Star Resources, remarked: "Western Star Resources is entering a promising phase. This funding will supplement our existing $2,600,000 treasury and provide additional capital for several drill programs. Following the acquisition of the Rowland Property, tungsten prices have risen significantly from approximately $600 to over $3,000, highlighting the substantial opportunities within Western Star's past-producing tungsten property. Our team has collected historical data and identified various workings, including shafts, adits, trenches, and open pits associated with prior production. Verifying and sampling these sites is a major priority as we aim to confirm the high-grade mineralization and progress the project toward drilling this season. Furthermore, the Company holds multiple Letters of Intent and exclusivity rights on other formerly productive tungsten assets."

 

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.  Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.  “United States” and “U.S. person” have the respective meanings assigned in Regulation S under the U.S Securities Act.

  

About Western Star Resources

 

Western Star Resources is an emerging junior mineral exploration company focused on revitalizing North America's tungsten supply. The company is advancing its entry into the U.S. market through the acquisition of a past-producing tungsten mine in Nevada -- one of America's most important historic tungsten districts. With this strategic move, Western Star is positioning itself to play a leading role in re-establishing a secure, domestic source of this critical mineral. The company also owns nine non-surveyed contiguous mineral claims totalling 4,740 hectares, which are located within the Revelstoke mining division of British Columbia. The Western Star property group is located approximately 50 kilometres southeast of Revelstoke, B.C., and roughly 10 kilometres north of the abandoned community of Camborne.

 

Contact Information:

 

Blake Morgan,

CEO and Director

blake@acvc.vc

 

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

Certain of the statements made and information contained herein may constitute “forward-looking information”. In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

 

Not for distribution to United States Newswire Services or for dissemination in the United States