Stardust Solar Announces Non-Brokered Private Placement of Units

Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) ("Stardust Solar" or the "Company"), a globally expanding renewable energy company, is pleased to announce a non-brokered private placement of up to 40,000,000 units of the Company (the "Units") at a price of $0.075 per Unit (the "Offering") for aggregate gross proceeds of up to $3,000,000.

Each Unit will be comprised of one common share in the capital of the Company (a "Share") and one Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional share (a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 18 months from the closing date of the Offering.

The Company intends to use the net proceeds of the Offering to repay the outstanding principal amount and all interest accrued thereon under the outstanding senior secured convertible debenture units of the Company, advance its utility scale energy project in Zambia, and for general working capital and corporate purposes.

The Company may pay finder's fees of up to 7% of the gross proceeds of the Offering, payable in cash. In addition, finders may receive share purchase warrants entitling them to purchase such number of Shares of the Company, which is equal to 7% of the total number of Units purchased by subscribers introduced to the Company by such finders, each exercisable for a period of 18 months from the closing date of the Offering at a price of $0.10 per Share, all in accordance with the policies of the TSX-V.

All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. Closing of the Offering and the issuance of the Units are subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including but not limited to the approval of the TSX-V. The Offering is not subject to a minimum amount of subscriptions.

About Stardust Solar Energy Inc.

Stardust Solar Energy Inc. is a globally expanding renewable energy company supporting the installation, development, training, and deployment of residential, commercial, and utility-scale solar solutions across international markets. The Company operates a diversified solar royalty platform generating recurring revenue through franchise installation operations, accredited training and development licenses and subscriptions, and technology-driven innovation initiatives. Through formal engagement with governments, utilities, and commercial stakeholders, the Company is scaling renewable energy capacity worldwide.

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