Weststar Resources Corp.

Weststar Resources Corp.

July 07, 2010 03:01 ET

Weststar Acquires Rainy River Gold Claims

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2010) - Weststar Resources Corp. (TSX VENTURE:WER)(FRANKFURT:HN3) (the "Company") announces the acquisition of a 100% interest in the Sifton Block of claims. The claims are north of the Rainy River project north of Richardson Township, which is approximately fifty kilometres northwest of Fort Frances in western Ontario.

The Property is north of Rainy River's Richardson Township in northwestern Ontario, approximately 162 kilometres south of Kenora and 418 kilometres west of Thunder Bay. The property has tremendous infrastructure – year round road access, powerlines in close proximity and the railway is located 21 kilometres to the South of the property. Gold reserves on the Rainy River Resources property were reported on March 2, 2010 as 56,833,000 tonnes at 1.3 g/t gold indicated (2.37 million ounces) in addition to 68,930,000 tonnes at 1.2 g/t gold inferred (2.66 million ounces). These resources were arrived at using a 0.4 g/t gold cut off.

The Company will immediately commence a historic data compilation and commence permitting on the property.

Terms of the agreement include cash payments of $175,000 over a four year period and the issuance of 3,000,000 shares of Weststar upon TSX Venture Exchange acceptance. A finder's fee is payable on this transaction. The acquisition is subject to the acceptance of the TSX Venture Exchange.

In other matters, the Company recent wrote down the 18 metre property and the Bache property and continues to monitor its portfolio of properties. Currently the Company is focusing its efforts on the Yukon properties, its Red Chris Property and is currently negotiating with potential joint venture partners.

About the Company: Weststar Resources Corp. (TSX VENTURE:WER) is a mineral exploration company focused on discovering and advancing mineral properties by utilizing modern geological science to evaluate historical known discoveries. Weststar offers the potential for rapid corporate growth and asset appreciation. Weststar's portfolio is currently focused in Canada. For further info on the Company please visit www.weststarresources.com or email info@weststarresources.com.

On Behalf of the Board

Mitchell Adam, President

Weststar Resources Corp.

WARNING: The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Contact Information