SOURCE: Gold Star Resources Corp.

June 10, 2008 07:00 ET

Gold Star Acquires Additional Coal Properties in East Central Saskatchewan

VANCOUVER, B.C.--(Marketwire - June 10, 2008) - Gold Star Resources Corp. (the "Company") (TSX-V: GXX) is pleased to announce it has purchased a 100% interest in a number of Coal Dispositions located on the east side of the Pasquia Hills of East Central Saskatchewan. The Coal Dispositions, comprising three townships totaling 27,648 hectares, lie in close proximity to the recently announced coal discovery by Goldsource Mines Inc., approximately 50 Kilometers north of Hudson Bay. The cost of the acquisition is a reimbursement of staking and related costs to an arms length vendor totaling approximately $36,248.

Applications were made in accordance with the Coal Disposition Act of Saskatchewan and granting of permits is dependent upon regulatory requirements to process the applications. Finders fees will be payable on the acquisition as per TSX Venture Exchange regulations.

Goldsource Mines Inc. (see Goldsource News Release May 5th, 2008) announced the results from 47 coal samples submitted from the Saskatchewan coal intercepts for two core holes representing 26 meters and 32.5 meters respectively of coal seam, including 22.6 meters of continuous coal in each hole. The coal was reportedly intercepted starting 80 meters below the surface.

The Company is a mineral exploration company based in Vancouver, British Columbia.

On Behalf of the Board,

"Patrick Morris"

Patrick Morris, President and CEO

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has not filed a National Instrument 43-101 report on any property, but will do so as soon as the information is available. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Contact Information


  • For further information, contact:

    Patrick Morris
    President and CEO of the Company
    Telephone: (604) 641-4450
    Facsimile: (604) 669-9335