Mr. Fiore Aliperti reports:
Vancouver, BC: Coltstar Ventures Inc. (the “Company”) is pleased to announce the purchase of 100% of the rights, title and interest in certain mineral claims (the “Property”) from Mrs. Joanne Kirkham, a British Columbia resident. The Property covers approximately 11,343.57 hectares situated in northern British Columbia, about 65 km north of Stewart and 20 km southwest of Barrick’s Eskay Creek Mine. This Grass Roots Property was purchased for the exploration potential of hosting Eskay Creek types of transitional potential mineralization of Gold, Silver, Copper, Lead and Zinc.
The vendor is selling the Property free and clear of all liens and or encumbrances whatsoever for the full price and consideration of payment to the Vendor of the sum of CDN $25,000, the issuance of 400,000 pre-consolidation common shares in the capital stock of the Company, and a 2% Net Smelter Return Royalty (“NSR Royalty”) subject to TSX-V approval. A non-refundable deposit of $5,000 has been paid by the Company, and the balance of $20,000 shall be paid within 14 days of the date on which the transaction is approved by the TSX Venture Exchange. The Property is purchased subject to a 2% NSR Royalty created in favour of the Vendor. The Company shall be entitled to an option to purchase each 1% increment of the NSR Royalty from the Vendor for $500,000, which may be exercisable at any time following the Closing of the purchase of the above Property.
On behalf of the Board of Directors:
/s/ “Fiore Aliperti”
For further information please contact: Arndt Roehlig, Telephone: (604) 569-1236
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.