Star Royalties Announces Closing of Strategic Investment in Green Star Royalties MAY 30, 2022 – TheNewswire - TORONTO, ON – Star Royalties Ltd. (the “ Company ” or “ Star Royalties ”) (TSXV:STRR ) ( OTC:STRFF) is pleased to announce the closing of the previously announced strategic non-brokered private placement (the “ Private Placement ”) of 15,384,620 common shares (“ Green Star Shares ”) of its subsidiary, Green Star Royalties Ltd. (“ Green Star ”), at a price of C$1.00 per Green Star Share. Agnico Eagle Mines Limited (“ Agnico Eagle ”) (NYSE, TSX: AEM) has purchased 14,134,620 Green Star Shares for an aggregate purchase price of C$14.13 million. The Company’s management team and Board of Directors (collectively, “ Management ”) have purchased the remaining 1,250,000 Green Star Shares in the Private Placement for an aggregate purchase price of C$1.25 million. Following the closing of the Private Placement, Green Star is now owned 61.9% by Star Royalties, 35% by Agnico Eagle and 3.1% by Management. Management’s direct or indirect holding of Green Star Shares are now: Kevin MacLean (0.84%), Anthony Lesiak (0.74%), Alexandre Pernin (0.52%), Dmitry Kushnir (0.25%), Jay Layman (0.25%), Kylie Dickson (0.25%), Jinhee Magie (0.12%), Kenneth Ngo (0.10%), and Belinda Labatte (0.03%).