Vanstar Mining Resources Inc.

May 09, 2011 14:47 ET

Vanstar Modifies Stock Option Plan

LA PRAIRIE, QUEBEC--(Marketwire - May 9, 2011) - Vanstar (TSX VENTURE:VSR) board of directors approved changes to the Company's Stock Option Plan. The new Plan will now reserve 2,900,000 common shares of the Company for option purposes, compared to 1,853,220 shares for the previous Plan. The options are available for officers, directors, employees and consultants of the Company. The new stock options Plan accounts for less than 20 % of the Company's outstanding shares. This modification is subject to the approval of the TSX Venture Exchange and the approval of Vanstar shareholders at the next Annual meeting of shareholders.

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.

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