Vanstar Mining Resources Inc.

January 21, 2010 09:18 ET

Vanstar Acquires Rare-Earth Element Properties

LA PRAIRIE, QUEBEC--(Marketwire - Jan. 21, 2010) - The management of Vanstar Mining Resources Inc. (Vanstar) (TSX VENTURE:VSR) is pleased to announce that it has applied to acquire a 100% interest in three individual properties by map designation comprised of 44 cells collectively. Registration of the cells titles is pending with Quebec's Ministry of Natural Resources and Wildlife.

The first two blocks, representing 40 cells, are located in the Kipawa area in the southwestern Quebec, approximately 200km northeast of the town of Temiscaming. The Kipawa area has long been known for its Rare- Earth Element potential (Matamec) and has also recently been explored for its uranium and gold potential (Aurizon, Fieldex and Globex).

The third property consists of four cells covering approximatly 240 ha and is located roughly 2,5 km north east of St-Joseph-du-Lac in the Lac des Deux-Montagnes area. It lies within a carbonatite (alkaline rock) of the Oka Complex intersected by a christalline limestone of the Grenville. Historical resources stand at 200,000 metric tonnes of ore at an average grade of 0.60% NbO5 (0.42% Nb), 0.25% ThO2 (0.21% Th) and 1.0% of rare-earth oxides to a depth of approximately 120 m (PR 351).

This new acquisition is part of Vanstar's strategy of gradually acquiring high potential properties, in various geological environments in the province of Quebec.

The TSX Venture Exchange has neither approved nor disapproved the content of this press release.

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