SOURCE: Gold Star Resources Corp.

May 06, 2008 10:11 ET

Update: Gold Star Acquires Coal Properties in East Central Saskatchewan

VANCOUVER, BC--(Marketwire - May 6, 2008) - Gold Star Resources Corp. (the "Company") (TSX: GXX.H) 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 lie in close proximity to the recently announced coal discovery by Goldsource Mines Inc., approximately 50 Kilometers north of Hudson Bay.

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.

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.

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 BOARD OF THE TSX VENTURE EXCHANGE (ALSO KNOWN AS THE NEX) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • For further information, contact:
    Patrick Morris
    President and CEO of the Company
    Telephone: (604) 641-4450
    Facsimile: (604) 669-9335

    GOLD STAR RESOURCES CORP.
    1128 - 789 West Pender Street
    Vancouver, British Columbia V6C 1H2