Vancouver, British Columbia--(Newsfile Corp. - November 5, 2025) - DARK STAR MINERALS INC. (CSE: BATT) (FSE: P0W) (the "Company" or "Dark Star") is pleased to announce the appointment of Duane Parnham to its advisory board. In this role, he will advise on capital markets strategy and the advancement of the Company's Namibian uranium initiatives. He has been credited with creating over C$1.5 billion in shareholder value, including Forsys Metals (~C$860 million peak) and UNX Energy (C$730 million sale in 2011).
"We're excited to welcome Duane to the team. His proven track record in leading successful public companies enhances our strategic capabilities and underscores our continued commitment to working with Critical One to develop world-class uranium assets in Namibia," said Marc Branson, CEO.
Duane B. Parnham is a Canadian mining executive and entrepreneur with over three and a half decades of experience building and financing public companies in the mining and energy sectors and is currently the CEO of Critical One Energy Inc. ("Critical One").
Over his career, Parnham has founded and led several companies across a range of commodities, including gold, uranium, antimony, and oil. His past ventures include Temex Resources Corp., Forsys Metals Corp. ("Forsys Metals"), UNX Energy Corp. ("UNX Energy"), Giyani Metals Corp., Canoe Mining Ventures Corp., Broadway Strategic Metals Inc., Broadway Gold Mining Ltd., and Nevada Zinc Corporation.
In the late 2000s, he founded Forsys Metals and led its growth from a C$45,000 startup to a peak market capitalization of approximately C$860 million. He later founded UNX Energy, guiding it from early-stage asset assembly through to a C$730 million sale in 2011. These milestones, along with a series of exploration successes and financings, have established him as one of the most effective company builders in Canada's resource sector.
Parnham's background includes geological and environmental consulting, capital markets work, and executive leadership. He has led exploration and development efforts across Canada and internationally, managing everything from land acquisition and permitting to raising capital and guiding companies through listing and growth on the TSX, OTCQB, and Frankfurt exchanges.
He is also active in philanthropy. In 2011, he launched the Parnham Foundation to support access to education for disadvantaged students. A year later, he made a C$1 million donation to Fleming College-the largest alumni gift in the history of Ontario's community college system. In 2017, he received the Ontario Premier's Award for Business in recognition of his global impact.
Parnham continues to lead new exploration efforts focused on critical and strategic metals that align with the demands of modern technology and national resource security.
In connection with the appointment, the Company granted 500,000 options (each, an "Option"), each exercisable into one common share (each, a "Share"), at an exercise price of $0.07 per Share, which vested immediately upon the date of grant and are exercisable for a three (3) year term. All Options are subject to the four (4) month exchange hold period. The grant of the Options is also subject to acceptance by the Canadian Securities Exchange ("CSE").
About Dark Star Minerals Inc.
Dark Star Minerals Inc. is a mineral exploration company focused on the strategic development of uranium and critical mineral resources. The Company holds an option to acquire a 100% interest in the Ghost Lake claims located in the prolific CMB of Labrador, comprising 28,575 ha of contiguous claim blocks, and owns the Bleasdell Project spanning over 515 ha in Northern Saskatchewan, Canada. Additionally, Dark Star is party to a definitive agreement to acquire 100% of Critical One Energy Inc.'s interest in the Cobra North and Khan West uranium projects, situated in Namibia's renowned Erongo uranium province.
On Behalf of the Board of Directors
“Marc Branson”
Marc, Branson, President, CEO and a director
For further information please contact:
Marc Branson – President, CEO and Director
E‐mail: investors@darkstarminerals.com
Telephone: 604‐816‐2555
Forward‐Looking Statements:
This news release contains forward‐looking statements and forward‐looking information (collectively, “forward‐looking statements”) within the meaning of applicable Canadian legislation. Forward‐looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward‐looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Specifically, the forward-looking statements include (i) that the Transaction will be approved by the CSE and close under the terms disclosed herein, (ii) that the Cobra North Project has geological potential, (iii) that the historical estimates of the Cobra Noth Project will prove accurate and reflect current estimates, and (iv) that the Kahn West Project has potential for leucogranite-hosted uranium mineralization. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward‐looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will support the viability of critical mineral resource exploration, the availability of the financing required for the Company to carry out its planned future activities, the availability of and the ability to retain and attract qualified personnel, and the receipt of all necessary regulatory approvals. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of minerals, changes in the financial markets and in the demand for minerals, changes in laws, regulations and policies affecting the mineral exploration industry, as well as the risks and uncertainties which are more fully described in the Company’s annual and quarterly management’s discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company’s SEDAR+ profile. Ongoing labour shortages, inflationary pressures, rising interest rates, the global financial climate and the conflicts in Ukraine and Palestine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company’s operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward‐looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward‐looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward‐looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
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