Canstar Resources Inc.

Canstar Resources Inc. is pleased to announce final 2021 exploration results and the commencement of the 2022 field season on its Golden Baie and Hermitage properties in Newfoundland. Highlights of the 2021 field program on Golden Baie are provided below. Multiple new gold occurrences identified 2021 prospecting included the collection of more than 1,600 grab samples, including outcrop samples grading up to 35.5 g/t [...]

Canstar Resources Inc. is pleased to announce assay results from the final 26 drill holes completed in 2021 and the results of the first systematic till sampling program on the Golden Baie property in south-central Newfoundland. Highlights include: Additional high grade gold drill intercepts 26 reconnaissance drill holes, totalling 3,125 metres, were completed at the Hillside, Skidder, Poly, Mag and Blow Out targets in [...]

Canstar Resources is pleased to announce an update on the winter drill program at the Kendell prospect, located in the central portion of its Golden Baie claim block which is at the southern end of the emerging Newfoundland gold belt. Based on preliminary results, the Company is also pleased to announce that the winter drill program has been increased to 3,000 metres of diamond drilling, a 50% increase from the original [...]

Canstar Resources Inc. is pleased to announce additional assay results from 2021 drilling and channel sampling from the Kendell prospect at its Golden Baie project in south Newfoundland. The Company also announces that a winter diamond drill program has commenced at the Kendell prospect. This program is expected to include up to 35 new drill holes which total approximately 2,000 metres and reflect the shallow nature of [...]

Canstar Resources Inc. is pleased to announce that it has signed a binding property purchase agreement with Altius Resources, a wholly owned subsidiary of Altius Minerals Corp., to acquire a 100% interest in the Hermitage Property. The Hermitage Property is comprised of three map-staked licenses containing 607 claims covering 15,175 ha. The Hermitage Property Claims are contiguous with the Company's Golden Baie project [...]

Canstar Resources Inc. is pleased to announce that it has joined the Newfoundland.Gold marketing alliance of industry leaders. Newfoundland.Gold is a strategic marketing alliance comprised of gold exploration and mining companies focused on the advancement of the mineral sector in Canada's Newfoundland and Labrador province. Collectively these industry leaders are committed to bringing awareness to an exciting and [...]

Canstar Resources announces that a total of 3,250,000 options to purchase common shares of the Company are being granted to officers, directors, and employees at an exercise price of $0.28 per share, expiring on Dec 10, 2026. The grant is subject to regulatory approval and vesting requirements. Rob Bruggeman, President & CEO of Canstar, commented: "Canstar is funded for a significant exploration program on the Golden Baie [...]

Canstar Resources Inc. is pleased to announce that it has completed its previously announced non-brokered private placement, consisting of the sale of 14,412,471 flow-through units at a price of $0.315 per FT Unit and 1,724,138 premium flow-through units at a price of $0.39 per Premium FT Unit for aggregate gross proceeds of $ $5,212,342.19. Each FT Unit is composed of one common share of the Company issued on a [...]

Canstar Resources Inc. & , is pleased to announce that Jacqueline Allison has been elected as an independent director to the Canstar board of directors , subject to TSX Venture Exchange acceptance. In addition, the Company announces that shareholders of the Company approved the creation of 2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott, as a new Control Person of the Company. The Company received [...]

Canstar Resources Inc. & , is pleased to announce its intention to complete a non-brokered private placement financing for total gross proceeds of up to $6.0 million, consisting of up to 11,112,000 flow-through units of the Company at a price of $0.315 per FT Unit and up to 6,411,000 FT Units at a price of $0.39 per FT Unit . The Company reserves the right to increase the size of the Offering, subject to the approval of [...]