Lone Star Gold Inc. Announces the Official Launch of Its Corporate Website

ALBUQUERQUE, NM--(Marketwire - Aug 1, 2011) - Lone Star Gold Inc. (OTCBB: LSTG) ("Lone Star" or "the Company") is pleased to announce the launch of the Company's official website, providing investors with detailed insight into Lone Star's current portfolio; the Company's activities toward fulfilling its short-term mandate of rapidly become a mid-tier producer in Mexico; and its long-term strategy of having multiple operating gold and silver mines in North America.

The website can be found at http://www.lonestargold.com, and includes download links for a corporate brochure and fact sheet.

"We're excited to have our website online so potential investors can see for themselves what assets we have and what we're up to," said Daniel Ferris, Lone Star Gold's Company President. "And as events continue to unfold around our exploration and development activities, we'll be looking forward to posting those new details on our site as much as existing and potential investors will be looking forward to checking them out."

ADDITIONAL INFORMATION
To learn more about Lone Star's official website, the Company, and regular news updates, visit: http://www.lonestargold.com.

ABOUT LONE STAR: Lone Star Gold Inc. is a publicly traded (OTCBB: LSTG) gold exploration and development company based in Albuquerque, New Mexico. The Company's aggressive acquisition and exploration approach is strategically focused on proven, stable precious metal regions in America and Mexico. Lone Star's La Candelaria gold-silver project comprises ~1,976 acres (~800 hectares) of mining concessions located roughly 125 miles (200 km) southwest of the capital city of Chihuahua State, Mexico. Geological characteristics in the surrounding area indicate potential for gold and silver mining. In 2009, a geological survey and report* on the property found gold samples grading as high as 0.35 grams/ton (g/t), and silver samples grading as high as 89 g/t. The report estimated La Candelaria's potential reserves as 10,312,898 ounces gold at an average grade of 0.20 g/t, and 215,697,280 ounces silver at an average grade of 40 g/t. Based on the 2009 report's reserve estimates, the La Candelaria project represents a combined potential valuation of ~$22.68B.** The property is accessed via established roadways, and the nearby town of Tonachi includes an airstrip and telecommunication services.

ON BEHALF OF THE BOARD OF DIRECTORS,

Lone Star Gold Inc.
Daniel Ferris, Company President

This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Lone Star Gold Inc.'s current expectations and projections about future events, based on information currently available. The forward-looking statements found in this press release may also include statements relating to Lone Star Gold Inc.'s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Lone Star Gold Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

* Geological Survey of La Candelaria Property. Luis E. Olvera Rosas, Oct. 2009
** Valuation = 10,312,898 oz gold x $1496.90/oz + 215,697,280 oz silver x $33.58/oz (closing NY prices, June 27/11)