May 14, 2012                                                                                                
TSX-V Symbol: CTR

Mr. Arndt Roehlig reports:
Vancouver, BC: Coltstar Ventures Inc. (the “Company”) announces the board of directors has decided to eliminate the office of Corporate Development held by Stephen Burega since a Cease Trade Order (“CTO”) has recently been issued by the British Columbia Securities Commission. The CTO was issued for failure to file financial statements and accompanying MD&A. Management’s current focus is working with its auditors to get the audit completed and to address the CTO.
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