Raystar Capital Ltd.

September 24, 2013 15:37 ET

Raystar Announces Filing of Reactivation and Change of Business Filing Statement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 24, 2013) - Raystar Capital Ltd. ("Raystar" or the "Company") (TSX VENTURE:RYA.H) is pleased to announce that the TSX Venture Exchange (the "Exchange") has conditionally accepted its Reactivation and Change of Business transaction (the "Transaction") announced in the Company's news releases dated June 21, 2013 and June 28, 2013. Pursuant to applicable securities law, the Company has filed on SEDAR a Filing Statement for the Transaction along with a National Instrument 43-101 compliant Technical Report prepared in connection with the Point Leamington Au-Zn-Ag-Cu-Pb massive sulphide deposit located in north-central Newfoundland, Canada (the "Project").

The Transaction involves the acquisition of a 100% interest in the Project. For further details of the Project and the Transaction, please refer to the Company's Filing Statement dated September 18, 2013 and available on SEDAR at www.sedar.com.

The Company also announces that the Exchange has conditionally accepted the sale of units by way of non-brokered private placement to raise gross proceeds of up to $3,500,000 to close concurrently with the Transaction as announced in the Company's news releases dated June 21, 2013 and June 28, 2013 (the "Private Placement").

In accordance with Exchange policies, the Company's common shares are currently halted from trading. The common shares of the Company will resume trading upon completion of the Transaction under the new name "Newmarket Gold Inc." and the new symbol "NGN". The Company anticipates that the Transaction and the Private Placement will close on October 1, 2013. Upon completion of the Transaction, the Company will be listed as a Tier 2 Mining Issuer pursuant to the minimum listing requirements of the Exchange. The Directors of Newmarket Gold Inc. will be Douglas Forster, Blayne Johnson, Lukas Lundin, Randall Oliphant, Doug Hurst and Edward Farrauto.


Edward Farrauto, President, Chief Executive Officer and Chief Financial Officer

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.

Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and disinterested Shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Filing Statement to be prepared in connection with the Transaction, any information released or received with respect to the Change of Business may not be accurate or complete and should not be relied upon. Trading in the securities of Raystar Capital Ltd. should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Forward-Looking Statements

Certain statements herein may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements or information appear in a number of places and can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information include statements regarding the Transaction, the Private Placement, the timing of exploration programs and filing of technical reports and the Company's exploration plans and exploration results with respect to the Project. With respect to forward looking statements and information contained herein, we have made numerous assumptions, including assumptions about mineral prices, cut-off grades, metallurgical recoveries, operating and other costs and technical assumptions used in the estimate. Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks include discrepancies between actual and estimated mineral resources, subjectivity of estimating mineral resources and the reliance on available data and assumptions and judgments used in the interpretation of such data, speculative and uncertain nature of gold exploration, exploration costs, capital requirements and the ability to obtain financing, volatility of global and local economic climate, share price volatility, estimate gold price volatility, changes in equity markets, increases in costs, exchange rate fluctuations and other risks involved in the mineral exploration industry. There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not assume that any of the inferred resource will ever be upgraded to a higher category or to mineral reserves and any or all exist or is economically or legally feasible to mine or place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law. All forward-looking statements and information herein are qualified by this cautionary statement.

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