David Crevier

August 19, 2016 16:09 ET

MONTRÉAL, QUÉBEC–(Marketwired – Aug. 19, 2016) – David Crevier (1501 McGill College Avenue, Suite 2900, Montréal, Québec H3A 3M8), a shareholder of Goldstar Minerals Inc. (TSX VENTURE:GDM) (the “Company”), today announces that he has acquired 6,250,000 common shares (“Common Shares”) of the Company in connection with the Company’s previously announced rights offering (the “Rights Offering”).

The Common Shares acquired by Mr. Crevier pursuant to the Rights Offering were acquired at a subscription price of $0.04 per Common Share for a total subscription price of $250,000 and represent approximately 13.9% of the issued and outstanding Common Shares of the Company after completion of the Rights Offering.

Mr. Crevier now owns 8,033,000 Common Shares of the Company representing approximately 17.9% of the current issued and outstanding Common Shares of the Company.

The Common Shares acquired by Mr. Crevier were acquired for investment purposes. Mr. Crevier has no current intention to acquire ownership of, or control over, additional securities of the Company.

An early warning report in respect of the above-noted transaction will be filed on SEDAR at www.sedar.com. A copy of the early warning report may be obtained from the Company by contacting Benoît Moreau.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.