Western Star Resources Acquires Past-Producing Eagle Point Tungsten Mine in New Mexico, Highlighting High-Grade Potential and U.S. Critical Mineral Supply Chain Opportunity

Western Star Resources Inc. (CSE: WSR) announced it has acquired a 100% interest in the past-producing Eagle Point Tungsten Mine in Hidalgo County, New Mexico. The acquisition underscores the growing importance of domestic tungsten supply, as the United States currently has no commercial production and relies on imports for nearly all its tungsten needs, with China controlling approximately 85% of global supply according to the USGS Mineral Commodity Summaries 2025.

The Eagle Point mine produced approximately 1,800 tons of scheelite-bearing material at an average grade of 0.5% WO3 during World War II, shipped to the U.S. Government's Deming stockpile. Historical estimates from surface trenching indicated 100,000 to 150,000 tons grading approximately 0.5% WO3, though these estimates are historical and should not be relied upon as current resources. Recent sampling by the USGS, reported via the New Mexico Bureau of Geology and Mineral Resources, returned a peak grade of 27.6% WO3 (219,000 ppm W) and 0.98% Mo, suggesting the deposit may be significantly higher grade than previously understood.

The property comprises 24 lode mining claims in the Granite Pass area of the Little Hatchet mining district. The deposit is a contact-metamorphic tungsten skarn, similar to many of the world's major tungsten deposits. Mineralization occurs as scheelite within garnet-rich tactite along a limestone-granite contact. Eight separate skarn bodies are exposed at surface, with historical work including trenches and bulldozer cuts, but the property has never been tested with modern exploration techniques. In the 1950s, the U.S. Government approved a Defense Minerals Exploration Administration (DMEA) contract to fund 75% of a drilling program, but the contract was never executed, leaving the principal exploration targets untested.

CEO Blake Morgan emphasized the strategic nature of the asset: "Eagle Point brings together high-grade tungsten, documented production history, eight skarn bodies at surface, and a tier-one U.S. jurisdiction, yet it has never been touched by modern exploration. Recent USGS work returned a sample grading more than 27% WO3 with a meaningful molybdenum credit, and the U.S. Government approved an exploration contract over it in the 1950s that was never drilled. We're acquiring a system that already produced tungsten and earned Federal backing, in a country with no domestic production and an urgent need to rebuild its supply chain."

Western Star plans to conduct a systematic exploration program including a high-resolution drone magnetic survey, systematic rock-chip and soil geochemical sampling, and field mapping with ultraviolet fluorescence surveying. The results will be used to prioritize drill targets and support permitting. The acquisition terms include a cash payment of C$150,000, issuance of 4,000,000 common shares, and a 1.5% net smelter returns royalty, of which 1.0% can be repurchased for C$1,000,000.

Tungsten is designated a critical mineral in the United States, essential for defense, aerospace, energy, and advanced manufacturing. The acquisition aligns with recent U.S. government directives to fast-track domestic tungsten projects, with federal grants and defense-sector support available for qualifying assets. The property has excellent access via State Highway 81 and is located approximately 100 miles from Silver City, with year-round exploration possible under standard BLM permitting.

Jasper Mowatt, a Qualified Person under NI 43-101, has reviewed and approved the technical information in this release. Western Star Resources is a mineral exploration company focused on building a U.S. critical minerals platform, with additional tungsten assets in Nevada.