Vanstar Mining Resources Inc.

Vanstar Mining Resources Inc.

June 20, 2012 15:34 ET

Vanstar Reports on Shareholder Meeting and Grants Stock Options

LA PRAIRIE, QUEBEC--(Marketwire - June 20, 2012) - The management of Vanstar Mining Resources Inc. (the « Company ») (TSX VENTURE:VSR) announces that shareholders approved all of the 3 proposals that were submitted by management at the Special Annual General Meeting of Shareholders that was held on June 14, 2012.

The proposals concerning the Appointment of the proposed Directors and Auditor were approved by a majority of shareholders while the proposal to increase the stock option plan to allow the issuance of a maximum of 3,500,000 common shares of Vanstar, was also approved by a majority of arm's length shareholders.

Following the election of two new directors, the board of directors granted today 400,000 stock options at a price of $0.18. These options are valid for a period of 5 years.

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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