Brightstar Resources : New RC Drilling Program at Cork Tree Well to Commence

30 MARCH 2022

10,000M RC DRILLING PROGRAM AT CORK TREE WELL TO COMMENCE

HIGHLIGHTS

• • 10,000m program designed to grow JORC Resource significantly through testing northern extensions and down plunge opportunities.

• • The program will follow on from the highly successful program in the last quarter of 2021 and test material under palaeochannel/airstrip as well as interpreted parallel positions.

• • Holes also planned on new target 'Delta 2' identified in historic drilling approximately 2 kilometres north-east of CTW Main lode.

Brightstar Resources Limited (ASX: BTR) (Brightstar or the Company) is pleased to announce that it has signed a contract with Blue Spec Drilling Pty Ltd to perform a 10,000m RC program over the Cork Tree Well ("CTW") project area (seeFigure 1&Figure 2)located in the highly prospective Laverton Gold belt of Western Australia.

This program is designed to effectively extend the current mineralised structure north along-strike as well as test potential parallel structures/cross cutting features.

The Delta 2 prospect at CTW is receiving the first drill program from Brightstar since the purchase of the lease E38/3434 from Regis Resources Ltd earlier this month.

Figure 1: Brightstar Resources Project Areas.

Figure 2: Cork Tree Well Project Area.

Managing Director, Mr Hobba, said: "We are pleased to be able to bring such a well-respected local Kalgoorlie business on to our Cork Tree Well project. We expect this program to be highly impactful for the project and the Company and welcome the professional capabilities and technical capacity of Blue Spec Drilling to help us realise the incredible value of this prospect."

Discussion of Projects

A dozen angled RC holes (including one scissor pair) down to 200m depth have been planned around the historical RAB and vacuum drilling previously referred to as 'Central' and now named 'Delta 2' by Brightstar.

This target is composed of 5 historical drillholes with some significant anomalism intersected in them (See Table 1 and Figure 4). These holes were drilled by A1 Minerals in 2008 (see BRIGHTSTAR NORTH PROJECT COMBINED ANNUAL REPORT Reporting Period from 01/01/2008 to 31/12/2008) however the results were not reported as significant in the report.

Table 1: Significant Intersections from Delta 2 Project Area (drilling reported 2008).

Hole ID	Intersection width (m)	Grade (g/t Au)	From Depth (m)
CTA162	3	1.63	58
1	1.17	64
1	1.03	69
CTA231	2	2.37	27
CTA232	3	3.47	57
3	2.10	65
CTA239	2	27.87	38
3	0.99	67
CTA297	1	1.16	77

The anomaly is approximately 500m along strike at over 1 g/t Au and presents a very tangible target for bedrock testing. If successful, Brightstar believes that the project may become a significant addition to the CTW Resource and a future ore source for the Brightstar Mill.

Other holes are planned to extend the interpreted Main Lode and Parallel lodes to the north at CTW, including the previously poorly drilled sections of the palaeochannel and the airstrip. Targeting to the north has also been guided by the interpretations from the SAM survey announced last year (see ASX announcement released 9 June 2021, RESULTS OF SAM SURVEY AT CORK TREE WELL INDICATES EXTENSION OF MINERALISATION) that coincide with interpreted structural pathways.

Figure 3: Potential extensions of mineralisation unclosed by current drilling.