SOURCE: Gold Star Resources Corp.

July 17, 2008 12:31 ET

Gold Star Hires Agapito to Author 43-101, Appoints a New Member to Its Advisory Board

VANCOUVER, BC--(Marketwire - July 17, 2008) - Gold Star Resources Corp. (the "Company") (TSX-V: GXX) is pleased to announce that it has contracted Dr. Michael Hardy of Agapito Associates Inc. of Colorado, United States to author a National Instrument 43-101 compliant technical report on the Coronation Sulphur project in Alberta. The Company is also pleased to announce the appointment of Dr. Aesop Chain to its advisory board.

The Coronation Sulphur Project consists of applications to lease Metallic and Industrial Minerals that have been filed with the Government of Alberta. The cumulative area covered by the lease applications consists of approximately 60,000 hectares located approximately 120 kms south of Edmonton, Alberta.

Sulphur, an essential element primarily used to produce sulphuric acid, is an essential element used in the production of many basic global products including the production of Diammonium Phosphate or DAP, a common fertilizer. As the demand for food production increases to meet the needs of growing economies in heavily populated portions of the world, in particular Asia, the use of fertilizers to strengthen plant growth and increase crop production is also growing. With the increased demand for fertilizer and components necessary for the production of fertilizer, Sulphur, long relegated to by-product status, is now gaining attention to meet today's increased demand.

Dr. Aesop Chain has been a resident of British Columbia since immigrating to Canada 18 years ago. Dr. Chain holds advanced degrees in biosciences and is self-employed with multiple streams of business. More recently Dr. Chain has been involved in the study, research and international sale of fertilizer and bulk elemental sulfur, iron ore, nickel ore and copper ore.

Dr. Aesop Chain will source out and screen potential engineering firms that are qualified and able to conduct feasibility studies and reports on both the Coronation Sulphur project in Alberta and the Trutch Sulphur project in British Columbia. Dr. Chain will also provide advice, based on his knowledge and trading experience of sulfur and connections in Asia, that the Board may need to enable it to decide as to whether or not to make partial or total sell offs of the sulfur deposits, to form any joint ventures with new investors or end users of sulfur to develop and excavate the sulfur deposits.

On Behalf of the Board,

"Patrick Morris"
Patrick Morris, President and CEO


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 at:
    Telephone: (604) 641-4450
    Facsimile: (604) 669-9335