BlackStar Enterprise Group Corrects an Article Dated April 17, 2023 by Cointelegraph With the Following Release

Apr 27, 2023

BOULDER, CO / ACCESSWIRE / April 27, 2023 / BlackStar Enterprise Group, Inc. ("BlackStar") (OTC PINK:BEGI) would like to correct an article by Ana Paula Pereira at Cointelegraph making various statements which were erroneous about BlackStar and our platform which was published on April 17, 2023. First, the headline, "Blockchain platform for trading securities OTC moves forward with SEC approval," is inaccurate and could lead readers to believe that the Securities and Exchange Commission ("SEC") has approved BlackStar's trading platform - which it has NOT. The SEC has not, nor will it through the current S-1 registration statement, approve the platform. The article confuses the current resale registration statement for common shares underlying existing convertible notes on Form S-1 (which is not yet effective), for a registration of the platform to allow for approved trading. The Company reiterates that the SEC has not approved the platform for trading in this registration statement which is not yet effective. The articles goes on to state that "upon approval," the SEC and FINRA will become Certificate Holders, however, the SEC and FINRA would only become Certificate Holders if they approve and agree to participate, and again, only if the platform is approved at a future date. BlackStar reiterates that we are not currently registering the platform, nor are we seeking approval of the SEC for anything other than a registration statement for common shares underlying convertible notes for select noteholders. BlackStar was contacted by the author to discuss the platform and our proposed business, but was not contacted by the author or the news outlet for review or input on the article as written and the Company has no connection, financial or otherwise, to the article's author, the publication, or the media company.

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