GDM Goldstar Minerals Inc

Goldstar Minerals Inc. ("Goldstar" or the "Company") (TSX VENTURE:GDM) is
pleased to announce that it has entered into a letter agreement with NioGold
Mining Corp. ("Niogold") (TSX VENTURE:NOX) to acquire up to a 75% interest from
Niogold in 463 claims covering approximately 26,725 hectares (267 km2), located
in Mont-Laurier, Quebec (the "Pump Lake Property"). Goldstar and Niogold will
negotiate in good faith an option agreement regarding the Pump Lake Property
(the "Definitive Agreement"), to be executed no later than October 31, 2012.


Pursuant to the Definitive Agreement, Niogold will grant to Goldstar the
exclusive right and option to acquire an undivided interest of 75% in and to the
Pump Lake Property by paying an amount of $25,000, issuing 750,000 common shares
of Goldstar to Niogold and incurring in the aggregate an amount of $375,000 in
exploration expenditures on the Pump Lake Property over a two year period.


Closing of the acquisition remains subject to the execution of the Definitive
Agreement and the receipt of all necessary Board and regulatory approvals,
including the approval of the TSX Venture Exchange.


The Pump Lake Property is located roughly 150 km northeast of the town of
Mont-Laurier, Quebec and access is excellent through a network of logging roads.
The property is underlain by the Lesueur alkaline complex favourable for
polymetallic mineralizations. Lake bottom sediment samples collected by the
Ministere des Ressources naturelles du Quebec ("MRN") in the past yielded many
anomalous copper and rare earth elements values, within the Pump Lake Property.
Niogold has performed several geophysical surveys over the years and Goldstar
Minerals plans a detailed geochemical soil survey in the coming weeks in order
to define diamond drill targets.


Benoit Moreau, P.Eng., and the President and CEO of the Company, is a Qualified
Person as such term is defined for the purposes of National Instrument 43-101
and has read and approved the scientific and technical content of this press
release.


On behalf of the Board of Directors of

GOLDSTAR MINERALS INC.

Benoit Moreau, Chief Executive Officer

This news release may contain forward-looking statements. These statements are
based on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
discussed in the management discussion and analysis section of our interim and
most recent annual financial statement or other reports and filings with the TSX
Venture Exchange and applicable Canadian securities regulations. We do not
assume any obligation to update any forward-looking statements, except as
required by applicable laws.

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