STARR PEAK CLOSES STRATEGIC PRIVATE PLACEMENT

VANCOUVER, BC, May 4, 2023 /CNW/ - Starr Peak Mining Ltd. ("Starr Peak" or the "Company") (TSXV:STE.VN) (OTCQX:STRPF) is pleased to announce that it has closed a non-brokered private placement of 6,250,000 units (the "Units") of the Company at a price of $0.40 per Unit for gross proceeds of $2,500,000. Each Unit consists of one common share and one-half of one share purchase warrant, with each share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.80 per share for a period of 18 months from the closing date.