Canstar Resources Inc. (TSXV:ROX) acquired Golden Baie Project Mineral Claims in Newfoundland from Altius Resources Inc. on November 9, 2023. As per option agreement, Canstar can earn a 100% undivided interest in the Baie d?Espoir Claims and Little River Claims over a four year period as follows: Issuance of 4,000,000 common shares of Canstar Resources to Altius upon receipt of Exchange approval; Payment of an aggregate cash payment of $50,000 and issuance of an aggregate of 2,000,000 common shares to the Optionors upon signing of the definitive agreements; Issuance of 2,000,000 common shares to Altius on the first anniversary of the signing of the Definitive Agreements; Payment of an aggregate cash payment of $50,000 and issuance of an aggregate of 1,000,000 common shares to the Optionors on the first anniversary of the Definitive Agreements; Issuance of 2,500,000 common shares to Altius on the second anniversary of the Definitive Agreements; Payment of an aggregate cash payment of $50,000 and issuance of an aggregate of the lesser of $250,000 worth of common shares or 1,000,000 common shares to the Optionors on the second anniversary of the Definitive Agreements; and Payment of an aggregate cash payment of $50,000 and issuance of an aggregate of the lesser of $250,000 worth of common shares or 1,000,000 common shares to the Optionors on the third anniversary of the Definitive Agreements. As further consideration for the Option, Canstar is required to commit to fund exploration expenditures of a minimum of $1,250,000 over a four-year period. The minimum expenditure commitment for the first year will be $500,000.

Canstar Resources Inc. (TSXV:ROX) completed the acquisition of Golden Baie Project Mineral Claims in Newfoundland from Altius Resources Inc. on November 9, 2023.