Urastar Energy Inc.
TSX VENTURE : URS
FRANKFURT : 3U3

Urastar Energy Inc.

May 19, 2011 19:31 ET

Urastar Appoints Michel Stinglhamber to Its Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2011) - Urastar Energy Inc. (TSX VENTURE:URS) (FRANKFURT:3U3) (the "Company") is pleased to announce the appointment of Michel Stinglhamber to its board of directors.

Mr. Stinglhamber has significant experience in the Mexican mining industry. He currently represents Umicore Belgium (formerly Union Miniere) in Mexico, a US$8 billion public company, active in precious metals products and catalysts, advanced materials and zinc specialties.

Mr. Stinglhamber is also the Chairman of two very successful Mexican mining companies, Minera Productos Metalicos y Derivados SA de CV, and Minera Recami SA de CV an exploration company in Sonora, Mexico. He is also a director of Paramount Gold & Silver Corp.

Between 1991 and 2000, Mr. Stinglhamber was on the Board of Directors and on the Technical Board of Mexicana de Cananea SA de CV.(Grupo Mexico). In 1990, he was instrumental in the Union Miniere team that worked in Mexico for the pre-financing of the acquisition of La Caridad copper mine from Nafinsa for "Mexicana de Cobre" of the Larrea Group, Grupo Mexico.

From 1986 to 2004 he was the chairman of Sogem Mexico SA de CV, the metal trading division of Umicore SA (today Traxis Mexico SA de CV). Between 1980 and 1986, he represented Aquaroc International in Mexico, a filial of the Consortium "BURRUS" Switzerland. Mr. Stinglhamber was President of the Belgo Luxemburg Mexican Chamber of Commerce in 1987, and in 2002, and was awarded the Belgian decoration of "Officer of the Crown".

The Company is also pleased to announce the appointment of Thomas J. Kennedy as interim CEO.

Mr.Kennedy is a graduate of the University of British Columbia having received his Bachelor of Commerce degree in 1973 and his Bachelor of Laws degree in 1974. Mr. Kennedy was admitted to the British Columbia Bar in 1975 and has practiced law for 36 years. After 7 years of employment with the Canadian federal Department of Justice, Mr. Kennedy has primarily focused as a legal, financial and business consultant to publicly-traded companies. Mr. Kennedy is currently a member of the Law Society of British Columbia, the Canadian Bar Association and the British Columbia Bar Association, and an Associate member of the American Bar Association. Mr. Kennedy currently serves in positions as CEO, CFO, President, Vice-President and Secretary of several TSX Venture Exchange and CNSX publicly traded companies, primarily focused on mineral exploration.

The Company has also granted 400,000 stock options to directors and officers of the Company at an exercise price of $0.60 per share for a period of five years.

For further details on the Company please go to www.urastar.com

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

  • URASTAR ENERGY INC.
    John Morita, CFO and Director
    (604) 682-2928

    Launch IR
    Matt Harrington
    (613) 882-7467