May 11, 2012                                                                                                
TSX-V Symbol: CTR
Mr. Arndt Roehlig reports:
Vancouver, BC: Coltstar Ventures Inc. (the “Company”) announces it has accepted the resignation of Garry Stock as Chief Financial Officer (“CFO”) effective immediately.
Concurrently, a member of the Board of Directors, Jon Lever has been appointed interim CFO of the Company.
Mr. Lever will be working closely with the Company’s auditors, Davidson & Company on outstanding audit issues. The Company will provide updates regarding the completion of the audit as progress is made.
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