Western Star Resources, Inc. · CSE:WSR
Western Star Resources — Investor Presentation (October 2026)
38 slides from Western Star Resources's investor presentation, October 2026
Slide 1: Western Star Resources
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Slide 2: Forward Looking Statement
Forward Looking Statement Certain statements in this Presentation rélating to the Company's exploration activities, project expenditures and business plans are approximate and are "forward-looking statements’ within the meaning of securities legislation. The Company does not intend, and does not ass
Slide 3: Tungsten: The Backbone of Defense, Industry, and Innovation
Tungsten: The Backbone of Defense, Industry, and Innovation + Tungsten is one of the hardest, densest, and most heat -resistant metals known, indispensable to defense, aerospace, energy, and high-tech manufacturing + Its unique properties make it critical for armor -piercing munitions, turbine engin
Slide 4: Securing America's Supply of a Strategic Metal
Securing America’s Supply of a Strategic Metal + The US has indicated that it is a top priority to secure a domestic supply of Tungsten + Companies that can advance projects that can deliver tungsten supply to the U.S. market will be eligible for federal grants and fast permitting The Set-Up 1950 —
Slide 5: Western Star | 11 Months of Execution
Western Star | 11 Months of Execution THREE U.S. TUNGSTEN ASSETS • CAPITAL SECURED • TARGETS ADVANCED • DRILL PROGRAMMES DEFINED C$6.74M 3 568 23 2026 GROSS FINANCINGS U.S. TUNGSTEN PROJECTS NEVADA SOIL SAMPLES PLANNED PHASE 1 + ROWLAND HOLES DELIVERED | NOV 2025 – OCT 2026 NEXT 12 MONTHS | EXECUTIO
Slide 6: Eagle Point Tungsten Project
Eagle Point Tungsten Project e Hachita Be Ba } Past Producer | 27.6% WO3 | 8 Skarns ag . 4 Property Flagship U.S. Tungsten Opportunity
Slide 7: Eagle Point claims and historical production
- 14 new contiguous lode claims added in Sep 2026 - Existing Eagle Point claims retained - Exclusive private surface-use agreement - Wartime shipments (1943–44) - Oct 2026 report: 650–665 short tons averaging ~0.44% WO₃ (historical) - Western extension captures historical trenches and prospective sk
Slide 8: Eagle Point | Expanded Property & Long-Term Rights
Eagle Point | Expanded Property & Long-Term Rights THE WESTERN SKARN EXTENSION IS NOW WITHIN THE CONSOLIDATED LAND POSITION 14 NEW CONTIGUOUS LODE CLAIMS ~640 AC EXCLUSIVE SURFACE USE REPORTED LONG-TERM CONTROL Initial five-year term plus four five-year renewal options, potentially extending surface
Slide 9: Eagle Point - Geology & Workings
Eagle Point - Geology & Workings GEOLOGICAL CONTEXT - Scheelite-bearing garnet tactite developed where granite to granodiorite intrudes crystalline limestone. - Eight known lenticular skarn bodies occur along the northern granite-limestone contact. - Individual bodies reported up to ~140 ft long and
Slide 10: Eagle Point historical trenching and production
- 215 ft trenching (1954); historical ~170,000 tons estimate is NOT a resource. - Oct 2026 review: ~650–665 short tons shipped at ~0.44% WO₃ in 1943–44. - Historical selected USGS/NMBGMR sample: 27.6% WO₃ / 0.98% Mo. Sources: WSR, 15 June and 7 Oct 2026; USGS/DMEA historical reports. Non-current est
Slide 11: Eagle Point - Skarn Bodies & High-Grade Results
Eagle Point - Skarn Bodies & High-Grade Results USGS/NMBGMR SURFACE SAMPLES: 27.6% | 1.06% | 0.68% | 0.40% | 0.35% WO3 + 0.98% Mo AT PEAK aE aE — re sare mn met a SN Gna RANE FIGURE 3. GEOLOGIC MAP EAGLE POINT TUNGSTEN DEPOSIT, HIDALGO COUNTY, NEW MEXICO uncam Do sawn (seaman Go amar Gln rene iy anc
Slide 12: Eagle Point | First Modern Assays
Eagle Point | First Modern Assays A MAPPED SCHEELITE-BEARING SYSTEM WITH PRIORITISED TRENCH / CONTACT TARGETS 2,600 FT 14 / 23 0.55% 0.11% CONTACT MAPPED SAMPLES >0.10% WO₃ PEAK SELECTIVE GRAB 13.1-FT CHANNEL AVG. SCIENTIFIC CASE: Steep-dipping, intermittently exposed skarn + mapped granite contact
Slide 13: Eagle Point | First Drilling → 2027 Studies
Eagle Point | First Drilling → 2027 Studies A 17-HOLE MAIDEN PROGRAMME TO TEST SKARN WIDTH, CONTINUITY AND DEPTH 17 ~6,070 FT 2026 PLANNED DRILL HOLES PLANNED METRES: ~1,850 TARGET INITIAL START Q4 2026 | PHASE 1 Drill-test exposed skarn, granite–limestone contact and targets beneath cover. 01 Q1 20
Slide 14: Rowland Tungsten Project
Rowland Tungsten Project A High-Grade, Past Producing Tungsten Project in the Heart of Nevada
Slide 15: Rowland Tungsten - Highlights
Rowland Tungsten - Highlights A high-grade past producing tungsten project Location Jarbidge, Northern Elko County, Nevada, ~80 miles north of Elko (established mining jurisdiction in historically prospective mining region) Same host rocks as Triggs (ASX: TRM) (A$S140M Market Cap) Tennessee Mountain
Slide 16: Regional Geology
Regional Geology Geological Context + The district lies within the Jarbidge-Independence belt, underlain by Cretaceous biotite-quartz monzonite + Same granitic host and alteration style as Triggs (ASX: TRM) Tennessee Mountain Project, located ~20 km southwest * Skarn and hornfels development along l
Slide 17: The Project
The Project 6260006 Geology and Mineralization + Host rocks: limestone, shale, quartzite intruded by quartz monzonite. + Skarn zones up to 100 ft thick with scheelite, molybdenite, powellite, pyrite, chalcopyrite, limonite in garnet- epidote-quartz-calcite matrix. + Two shallow shafts, multiple open
Slide 18: The Project
The Project 6260006 6210008 280008 Geology and Mineralization High-resolution LIDAR review has identified over 17 historical open pits, trenches, shafts and adits. Extensive historical workings are expected to classify the project as previously disturbed and are expected to streamline the permitting
Slide 19: Rowland Main and Northern Zone B results
ROWLAND MAIN: 4.02% | 2.69% | 2.56% | 2.11% | 1.25% WO3_ | NORTHERN B: 0.35-1.22% WO3 | ALS-CERTIFIE! Cu, 1.45% Mi ‘ : 10.75m @ 0.49% WO gand 1.58 g/t Ag RO-19-02 J 0.35m @ 2.69% WO, 3 RO-19-15
Slide 20: Rowland - Drill Targets Defined
Rowland - Drill Targets Defined GEOCHEMISTRY DELIVERS A DRILL VECTOR - 93 soil samples collected at nominal 25 m spacing. - Peak X-3: 1,425 ppm WO3 (0.1425% WO03; 1,130 ppm W), directly over the re-discovered Central workings. - Rowland Main returned 517 and 504 ppm WO03. -A coherent W-Cu-Mo-Bi(-Be)
Slide 21: Rowland | Magnetics + Phase 2 Soil Anomalies
Rowland | Magnetics + Phase 2 Soil Anomalies THE FIRST INTEGRATED MODERN EXPLORATION MODEL IS SUPPORTING TARGET SELECTION 315 ROWLAND SOIL SAMPLES 0.53% PEAK WO₃ IN SOIL (R079) ROWLAND MAIN 18 anomalous soils over ~190 × 630 m; best soil result located ~250 m from nearest recorded workings. NORTHERN
Slide 22: Rowland | October Drill Targets Defined
Rowland | October Drill Targets Defined SIX PRELIMINARY HOLES ACROSS TWO TARGET AREAS • FOUR PADS ON EXISTING DISTURBANCE 6 3,050 FT PROPOSED DRILL HOLES ~930 METRES ROWLAND MAIN | 4 HOLES ~1,850 ft testing shallow modelled magnetic body, historic open cut and the bedrock source of R079 (0.53% WO₃ i
Slide 23: White Star Tungsten Project
R Tungsten Property White Star Tungsten Project PAST-PRODUCING DISTRICT ASSET District-Scale Consolidation Beside the Past- : Historical adits, open cuts & workings 2026 selective rock assay: Producing Rowland Project ; 3.00% WO3 + 711 ppm Mo
Slide 24: White Star Tungsten - Highlights
White Star Tungsten - Highlights Past Producer | 3.00% WO3 Rock Assay | >6 km District Elko County, Nevada -~9 miles by road southwest of Jarbidge - Road-accessible Charleston Mining District Location - 100% owned - Adjacent to Rowland - Shared access, logistics and survey specifications Property *
Slide 25: White Star - UAV Geophysics
White Star - UAV Geophysics FIRST MODERN HIGH-RESOLUTION DATASET - TMI, 1VD, 2VD and analytic signal products were processed to the same specifications as Rowland. - The historical Batholith mine/adit lies on a northwest-southeast magnetic lineament within a subtle magnetic low. - Multiple comparabl
Slide 26: White Star | New Soil Targets & Modern District Geology
White Star | New Soil Targets & Modern District Geology TWO ANOMALIES FROM THE FIRST SYSTEMATIC SOIL PROGRAMME 253 0.28% SOIL SAMPLES PEAK WO₃ IN SOIL NORTH ZONE 15 anomalous samples, ~215 × 240 m footprint, near interpreted intrusion/contact. Peak 156 ppm W. SOUTH ZONE 5 anomalous samples, ~135 × 9
Slide 27: Strategy: Drill Permits Approved For Drill Campaign
Strategy Drill Permits Approved For Drill Campaign Reviving the lost traces of exploration results in & around to target ; Why Strong Mining Ecosystem British + 326 active exploration Projects + $660 million exploration spending (2021) + 1442,319 meters of drilling + 17 operating Mines Geological Po
Slide 28: The Project Asset
The Project Asset Bee Zoveltoke- Mining Distr 8c Pe erence) 4739.8 ha (27 Km2) - District Scale regener 4 100% Owned and permitted CRD — Carbonate Replacement Deposit 8.22 g/t Au, 246.76 g/t Ag, 3.68% Cu, 1 to 501% lead High Grade Samples . . . High-Grade with polymetallic Mineralisation; Precious m
Slide 29: Western Star - Mineralization
Western Star - Mineralization Carbonate Replacement Deposit (CDR) mineralization occurs on the Western Star Property and is likely to be a combination of structure, lithology, and stratigraphy. There are three main CRD deposit types: Leadville-type mineralization (LTM), sedimentary exhalative (SEDEX
Slide 30: Limestone unit within the Index Formation
Limestone unit within the Index Formation exposure in opposing slope is evident by recessive weathering and colour. The dark gossan iron gravel running through the center of the picture mark the location of limestone replacement, hosting pods and stringers of galena and sphalerite mineralization. Th
Slide 31: Targets
Targets The 4,739.8 ha Western Star Property is located 50 km southeast of Revelstoke, BC. There are 14 Documented Mineral Showings on the z Property: : JO ODENOUGH (L.7202) rs EN I * Black Bear “eS : + Lardeau-Goldsmith : g ‘ + Wide West . 5 + Goodenough + Kitsap + Banner 1 + Daffodil ia = © (Ly28)
Slide 32: Minfile Showings
Minfile Showings Goodenough + Mineralization consists of galena-sphalerite-chalcopyrite in concordant to irregular quartz-chlorite veins in shears at the limestone- phyllite contact and in fractured and/or brecciated ankeritic limestone over a strike length of 160 m. + 22 rock samples returned up to
Slide 33: Minfile Showings
Minfile Showings Morning Star + Consists of a 2.1-meter-wide vein striking 3100 to 3200, dipping 620 to 750 east. The vein is conformable to the enclosing rocks and contains pyrite, galena, and sphalerite in a gangue of limestone and quartz. The vein is highly oxidized at surface with pyrite and gal
Slide 34: Lithology and Mineralization
Lithology a nd Mineralization Uthologies. c Au Ae 1 AY (on) POLK) ZRH) meron fanont fama fais ace sa ete tek) fork MOO Zoom om 0% co 0” on dom ow 0s 785 108 ‘Semple 3 081 22 007 005 08 40953 00 036 616 OR eM {ox 1%) 2009 | a 017 0m aw mae Ba 976 A
Slide 35: Initial Program Results
Initial Pro Results gram Sy x 1 = j; 3 ) { = y 3 = } i! a ie a) ‘ > aS ee 907235, mae ! one moh me fi | Kitsap Area ona . trae Beer ware moras =e Gn ae [3 I — fore ah ew Wide West Area aoe | a eet a ese i as one 7 7 uw omy ea? ww 7 =" i ore uke » = oom Tae wnt as 0 t J 7 v iE be 907253 103 Ot i ee e
Slide 36: Mineralization
Mineralization ® Mineralization occurs as both disseminated and massive zones of galena, pyrite, and sphalerite associated with dolomitized limestone and silicification invariably developed within siderite rich zones containing hematite and magnetite localized along distinct, limestone-chlorite schi
Slide 37: Share Structure & Financials
Share Structure & Financials SHARE CAPITAL | 2026 FINANCING MILESTONES 52.64M 30.00M 82.64M ISSUED & OUTSTANDING WARRANTS & OPTIONS FULLY DILUTED SHARES FINANCING MILESTONES FEBRUARY 2026 MAY 2026 MAY 2026 C$3.046M gross private placement C$3.194M gross private placement C$0.500M flow-through financ
Slide 38: Western Star Contact: Blake Morgan
Western Star Contact: Blake Morgan Resources Inc. Phone: +1 236 878 4938
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