Stardust Solar Announces Strategic Partnership for Warehousing and Distribution Expansion Across North America

Stardust Solar Energy Inc. (TSXV: SUN) (the "Company" or "Stardust Solar"), a leading North American franchisor of renewable energy installation services, announced that it has entered into a non-binding letter of intent dated effective April 28, 2025 (the "LOI") with RSBC Global Inc. ("RSBC") for the purposes of exploring a strategic partnership that aims to establish a collaborative framework for warehousing and internal distribution capabilities across Canada, with future expansion opportunities into the United States.

This partnership is expected to enhance Stardust Solar's distribution network, streamlining the supply chain to deliver high-quality solar photovoltaic (PV) products and renewable energy systems more efficiently to meet robust market demand. Pursuant to the terms of the LOI, the proposed primary warehousing facility, strategically located in Owen Sound, Ontario, is expected to serve as a central logistics hub for Stardust Solar's operations, pending mutual agreement and necessary regulatory approvals.

"We believe that this partnership with RSBC Global Inc. represents an important step forward in our mission to streamline operations and scale our renewable energy solutions across North America," said Mark Tadros, CEO and Chairman of Stardust Solar. "Given the severe global supply chain uncertainty that has developed in recent months, we at Stardust felt strongly that now was the time for us to strengthen ours. By internalizing our distribution and warehousing capabilities, we expect to be in a stronger position to deliver greater value to our franchisees, enhance customer service, and capitalize on significant growth opportunities in the renewable energy market."

In parallel, Stardust Solar is actively engaging with international suppliers, including scheduled meetings this week with a leading Chinese import company. These discussions are focused on securing direct product sourcing, which - if successful - is expected to enhance the Company's competitive position by improving cost efficiency and ensuring a reliable supply of products to support its growing franchise network.

This strategic partnership aligns with Stardust Solar's recent expansions, including its entry into 49 new U.S. territories, and sales growth year-over-year in 2024. The move to internalize logistics and distribution functions demonstrates Stardust Solar's proactive approach to managing growth, enhancing profitability, and reinforcing its commitment to sustainable energy adoption.

Completion of the transactions contemplated in the LOI remains subject to the satisfaction of various conditions including, without limitation, the receipt by the Company and RSBC of all necessary corporate and regulatory approvals and other conditions customary for transactions of this nature and entering into a definitive agreement within sixty (60) days. Stardust Solar and RSBC are arm's length parties, and no finder's fees are expected to be paid in connection with the transactions contemplated in the LOI.

Stardust Solar | www.stardustsolar.com