Western Star Resources Announces Normal Course Issuer Bid to Repurchase Up to 10% of Public Float

Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) announced that the Canadian Securities Exchange has accepted the company's notice to commence a normal course issuer bid (NCIB). Under the NCIB, the company may purchase for cancellation up to 3,842,295 common shares, representing 10% of the public float, during the twelve-month period starting July 2, 2026, and ending July 2, 2027.

Purchases will be made through the facilities of the CSE and alternative Canadian trading systems at prevailing market prices, in accordance with securities laws and CSE policies. All repurchased shares will be cancelled. The company has appointed Haywood Securities Inc. as its purchasing dealer for the NCIB.

Western Star's board and management believe that the market price of the company's shares may not adequately reflect their underlying value. The repurchase program is considered an appropriate use of financial resources and is in the best interests of the company and its shareholders. The timing and amount of purchases will be determined by management based on market conditions and regulatory requirements, and the company is not obligated to acquire any specific number of shares.

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. This strategic move positions Western Star 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 totaling 4,740 hectares in the Revelstoke mining division of British Columbia, located approximately 50 kilometers southeast of Revelstoke and 10 kilometers north of the abandoned community of Camborne.

This NCIB announcement underscores management's confidence in the company's prospects and its commitment to enhancing shareholder value. By repurchasing undervalued shares, Western Star aims to provide a direct benefit to remaining shareholders. The initiative also signals the company's financial stability and its ability to allocate capital efficiently while pursuing its strategic objectives in the tungsten sector.