Western Star Resources Announces Normal Course Issuer Bid

Vancouver, British Columbia — June 26, 2026 — Leads & Copy — Western Star Resources Inc., a junior mineral exploration company focused on revitalizing North America's tungsten supply, has announced that the Canadian Securities Exchange (“CSE”) has accepted its notice of intention to commence a normal course issuer bid (“NCIB”). This move signals the company’s strategic efforts to manage its shares and potentially enhance shareholder value as it advances its exploration activities and market positioning.

Western Star Resources, listed under the tickers (CSE: WSR), (OTC: WSRIF), and (FRA: 4K2), revealed that the NCIB permits the company to purchase up to 3,842,295 common shares for cancellation. This total represents 10% of the company's public float and is set for the period from July 2, 2026, to July 2, 2027, unless earlier completion is achieved. The purchases will be executed through the facilities of the CSE and/or other Canadian trading systems at prevailing market prices, complying with applicable laws and CSE policies. The company’s board and management believe that, at times, the market price of its shares may not fully reflect their underlying value, making share repurchases a potentially advantageous use of its financial resources.

All shares bought back under the NCIB will be canceled, reducing the number of shares outstanding and potentially benefiting existing shareholders. Western Star Resources has appointed Haywood Securities Inc. as its purchasing dealer and trader for executing the buyback program. The company states that the timing and extent of share purchases will depend on market conditions, legal requirements, and CSE regulations. Furthermore, it maintains that it is not obligated to acquire any specific number of shares and may suspend or terminate purchases at any time.

The company's strategic focus is rooted in its efforts to secure a domestic source of tungsten, a critical mineral for various industrial applications. Western Star is actively advancing its entry into the U.S. market by acquiring a past-producing tungsten mine in Nevada, an area recognized as a historic tungsten district. This acquisition is part of its broader goal to establish a reliable supply chain and re-establish North America's role as a key player in tungsten production.

In addition to its Nevada project, Western Star owns nine contiguous mineral claims totaling 4,740 hectares within the Revelstoke mining division of British Columbia. These claims are situated approximately 50 kilometers southeast of Revelstoke and about 10 kilometers north of the abandoned community of Camborne, representing significant exploration potential.

Western Star Resources is headquartered in Vancouver, British Columbia, and is committed to responsible exploration and resource development. Its strategic initiatives aim to enhance the supply chain for tungsten, which is deemed a critical mineral by various governments for its importance in manufacturing and national security.

For more information, visit the company's website: www.westernstarresources.com

Source: Western Star Resources