Pinestar Gold Inc.

Pinestar Gold Inc.

April 18, 2011 13:01 ET

Pinestar Increases Drilling on Becker Property to 1500 Metres

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 18, 2011) - Pinestar Gold Inc. (TSX VENTURE:PNS) (the "Company") wishes to announce that it has increased the total metres of planned drilling on its Becker property pursuant to its drilling contract (the "Drilling Contract") with Energold Drilling Corp. ("Energold"), to 1500 metres. The Energold Contract, which was originally announced in the Company's news release dated February 21, 2011, originally provided that 1100 metres of drilling would be completed. Energold will continue the drilling on the north-east section of the Company's Becker property, located in the Talca region of Southern Chile.



Jeremy Ford, President, Chief Executive Officer and Director


This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation.. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration activities and results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.

Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of minerals; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Pinestar Gold Inc.
    Jeremy Ford
    President, Chief Executive Officer and Director
    (604) 647-4487

    Pinestar Gold Inc.
    Suite 818-602 West Hastings Street
    Vancouver, BC, Canada V6B 1P2