Business Summary

Brightstar Resources Limited is a gold development company that is located in the Laverton region of Western Australia. The Company's projects are located within a 60-kilometer (km) radius of the Brightstar plant, including Cork Tree Well project, the Alpha project and the Brightstar plant in situ Beta project. The Cork Tree Well Project is located approximately 35km north of Laverton on the Bandya Station Road and is serviceable via an unsealed track 3km west of the Bandya Road. The mine area consists of footwall, high magnesium basalts altered to chlorite schist overlain by graphitic shales containing chert. The Beta Project is located approximately 30km south from Laverton. The Beta Project Mineral Resource is centered on the Burtville Shear that trends from near Sunrise Dam to Burtville. The Alpha Project is located approximately 35km West of Laverton, 15km from the Brightstar Plant. It possesses a number of mining leases adjacent to Magnetic Resources Ltd.'s potential Hawks Nest.