Stardust Solar Energy Announces Grants of RSUs and Options Exercisable for $0.20 and Insider Buying

Stardust Solar Energy Inc. (TSXV: SUN) ("Stardust" or the "Company") announces that, under the Company's omnibus equity incentive plan, on November 6, 2024, the Company granted a total of 825,000 stock options ("Options") to certain directors, officers, and an investment relations service provider of the Company. Furthermore, the Company granted 250,000 restricted share units ("RSUs") to a director and officer of the Company. 

Each Option is exercisable for one common share of the Company at an exercise price of $0.20 per share for a period of 3 years from the grant date. All Options shall vest in quarterly instalments over a period of twelve (12) months from the date of grant. All RSUs vest at 100% after 12 months from the date of grant, expiring on November 6, 2028. All Options and RSUs are subject to the terms of the Company's omnibus equity incentive plan and applicable securities law hold periods.

The Company is also pleased to announce that its management and directors acquired 405,713 common shares of Stardust Solar in the open market between October 7, 2024, and November 1, 2024, at prices ranging from $0.075 to $0.21 per share. Complete transaction details are available on SEDI.ca. As the Company prepares to file its unaudited 2024 third-quarter interim financial statements and related MD&A, insiders are now restricted from further purchases in the open market, following the Company's insider trading policies. These recent purchases reflect management's confidence in Stardust Solar's intrinsic value, growth potential, and the strength of the dedicated team driving the Company forward. With these acquisitions, insiders now hold approximately 27,175,661 shares, representing approximately 39% of the Company's basic outstanding shares as of November 5, 2024.

Stardust Solar | www.stardustsolar.com