Vancouver, January 3, 2018 -
Arctic Star Exploration Corp. (TSXV: ADD) (OTCQB: ASDZF) (FSE: 82A1) (WKN: A2DFY5) (the "Company" or "Arctic Star") is pleased to announce that its common shares have commenced trading on the OTCQB® Venture Market in the United States under the symbol ASDZF. The company's common shares will continue to trade under the symbol ADD on the TSX Venture Exchange and 82A1 on the Frankfurt Stock Exchange. There is no action required by current shareholders as a result of this change.
Arctic Star is currently exploring the Timantti Diamond Project (the "Project", see press release dated November 23, 2017) located near the township of Kuusamo, Finland. Ground geophysics are nearing completion and will be followed up with a drill program consisting of approximately 8 drill holes (1,500m). Exploration is focussed on two previously discovered diamondiferous kimberlites known as the "Black Wolf" and "White Wolf"kimberlites. The Project is located approximately 450 kilometers Northwest of the operating Grib Diamond Mine and includes a 243 hectares Exploration Permit and 5,700 hectares Exploration Reservation.
The Company also has diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap). Arctic Star has a highly experienced diamond exploration team previously responsible for numerous world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
/s/ Patrick Power
Patrick Power, Executive Chairman
+1 (604) 218-8772
/s/ Scott Eldridge
Scott Eldridge, President and CEO
+1 (604) 722-5381
scott@arcticstar.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: Certain statements in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include that the Timantti Project transaction is a pre-eminent opportunity.
Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement. Specific risks included that the Timantti Project does not contain as much promise as expected or that despite promise, its minerals cannot be economically mined.
There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond our control. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law.
