December 20, 2012                                                                                     

TSX-V Symbol: CTR

 

Mr. Arndt Roehlig reports:

Vancouver, BC: Coltstar Ventures Inc. (the “Company”) announces it has entered into a sales agreement with Craigdarloch Holdings Ltd. (“Craigdarloch”) to sell all of its shares of Ashmont Resources Corp. (“Ashmont”) for aggregate proceeds $525,000 subject to TSX-V approval.  Ashmont is a private Canadian company focused on the exploration and development of mineral assets in Colombia.  The Company acquired the Ashmont shares as an investment in 2010.

 

On behalf of the Board of Directors:

 

/s/ “Arndt Roehlig”

Chief Executive Officer, President and Director

 

For further information please contact:

Arndt Roehlig

Telephone: (604) 569-1236