VANCOUVER, BC – TheNewswire - May 20, 2026 – Starmet Ventures Inc. (CSE: STAR) (“Starmet” or the “Company”),  announces that it has adopted a semi-annual financial reporting ("SAR") framework, effective immediately. This change is being made pursuant to the Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933").

CBO 51-933 allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework.

Transition Details – Starmet’s fiscal year ends on December 31. Under the SAR framework, the Company will be exempt from filing interim financial reports and related Management Discussion & Analysis (“MD&A”) for its first and third quarters for so long as it continues to meet eligibility criteria under CBO 51-933.

By adopting the SAR, Starmet aims to reduce the administrative and financial burden associated with quarterly reporting, allowing management to focus resources on advancement of different projects.

• Initial Interim Period: The Company will not file an interim report for the first quarter (Q1) ending March 31, 2026 and for the third quarter (Q3) ending September 30, 2026. 

• Ongoing Reporting: Starmet will continue to file audited annual consolidated financial statements (due within 120 days of December 31, 2026), and six-month interim financial reports (due within 60 days of June 30). 

• Continued Disclosure: The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102. 

• Eligibility: Starmet confirms it meets the pilot program's eligibility criteria, which includes being a venture issuer with annual revenues of less than$10 million and maintaining a clean 12-month continuous disclosure record. 

• Continued Participation: Should the Company cease to continue participating in the SAR Pilot Program, it will announce it in a future news release 

About Starmet Ventures Inc.

Starmet Ventures Inc’s principal business activities include the exploration of mineral resource properties with an emphasis on the properties located in Esmeralda County, Nevada and Ear Falls, Ontario. Starmet’s objective is to identify and develop economic mineral resource properties of merit and to conduct exploration programs thereon.

On behalf of Starmet:

Gabi Kabazo

Chief Financial Officer

+1 (604) 833-6820

E: gkabazo@gmail.com

Neither the Canadian Securities Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.