Goldstar Announces Debt Settlement

Goldstar Minerals Inc. (“Goldstar” or the “Corporation”) (TSX-V: GDM) announces that an insider of the Corporation has agreed to accept 5,466,666 common shares of the Corporation at a price of $0.06 per share in settlement of the debt in the amount of $328,000 owed to him by the Corporation.

On May 11, 2023 the Corporation announced its intention to proceed with the aforementioned debt settlement at a price to be determined.

Closing is subject to regulatory approval.

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For further information, please contact:

David CrevierChairmanTelephone: [e-mail]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.