21 April 2022

All Star Minerals Plc

("All Star" or the "Company")

Proposed Change of Name

All Star (AQSE:ASMO), an Investing Company listed on the AQSE Stock Exchange, announces that the Company intends to change its name to Marula Mining Plc ("Marula" or "Marula Mining").

The directors believe that the change of name better reflects the Company's updated strategic objectives and increased focus on delivering on its strategy of investing in, and developing, mining assets, as reflected in the recent signing of a Heads of Agreement to invest in two mining projects in Zambia and South Africa.

The proposed change of name, in order to take effect, requires shareholders to pass a special resolution at a general meeting of the Company. A circular will be sent to shareholders in due course to convene a general meeting of shareholders to vote on the Company's proposed change of name.

Further details regarding the Company's change of name and updated website address will be announced in due course.

Jason Brewer, CEO, commented:

"The change of name to Marula Mining supports the Company's updated strategy, focus on the investment in, and development of, mining assets. The coming months will be very much a period of delivery, and I am excited about the future of the Company.

"The Marula Tree is one of the largest indigenous trees and is found throughout Africa and is known as the "King of African Trees".

"The proposed change of name and signing of the Heads of Agreement marks a new chapter for the Company and I look forward to delivering regular and positive updates on the Company's progress, whilst rapidly developing the advanced projects in Zambia and South Africa and continuing to evaluate other investment opportunities."

The Directors of All Star are responsible for the content of this announcement.

This announcement contains inside information for the purposes of UK Market Abuse Regulation, and has been arranged for release by Jason Brewer, Chief Executive Officer of the Company.

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Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.