GDM Goldstar Minerals Inc

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES

Goldstar Minerals Inc. ("Goldstar" or "the Company") (TSX VENTURE:GDM) announces
that it has closed the acquisition of the Lake George Tungsten property in New
Brunswick, following completion of its due diligence and the receipt of all
regulatory approvals.  


As announced on December 24th 2013, the Company entered into a Mineral Option
and Sale Agreement with Charles Morrissy with respect to a 46 claim tungsten
property covering an area of 9.5 km2 in New Brunswick. The property which is
approximately 40 km west of Fredericton and adjacent to the north to the past
producing Lake George antimony mine, is close to existing infrastructures and
has excellent year-round access. 


Upon closing and as provided by the acquisition agreement, Charles Morrissy
received a cash payment of $25,000, as well as 100,000 treasury shares. In
addition, Goldstar will pay Mr. Morrissy $100,000 on each anniversary date of
the closing up to the fifth anniversary to complete the acquisition of a 90%
interest in the property. Goldstar can increase its interest to 95% by a further
payment of $1,000,000, and 100% by an additional payment of $2,000,000. The
Company has also agreed to pay $25,000 to Mr. Morrissy every year for a period
of five years as an advance on the $1,000,000 payment referred to in the
previous sentence. Concurrent with the closing, the Company also issued 29,230
shares to geologist Luciano Vendittelli, who acted as finder in the transaction.
A balance of 70,770 shares will be payable to Vendittelli on February 14, 2015
upon the Company making the first of five annual payments to Charles Morrissy.


Lake George Property 

The property lies southeast of the Hackshaw Granite, a phase related to the
Pokiok Batholith. A cupola of this granitic body has intruded into Silurian Age
Kingslear Group metasedimentary rocks hosting the Lake George Antimony Deposit.
Hydrothermal alteration has been observed from historical work and occurs along
numerous northerly and easterly trending structures. 


Exploration diamond drilling conducted during the late 1970's and early 1980's
outlined a broad zone of tungsten bearing scheelite and molybdenite type
mineralization located within an area located north of the Lake George mine
site. The W-Mo mineralization is hosted within calc-silicate rocks and a network
of cross-cutting quartz veinlets which appear to be associated with the presence
of a buried monzogranite intrusion located approximately 1.0 km north of the
Lake George mine site. 


Historical diamond drill holes returned the following tungsten (WO3) assay values:



Hole #                 Depth (m)       Width (m)             WO3
----------------------------------------------------------------
DDH#78-7             71.63-76.66            5.03           0.36%
DDH#78-7             78.33-82.60            4.27           0.29%
DDH#81-26          109.73-248.41          138.68           0.15%



Other Corporate Development  

The Company announces the resignation of Mr. Simon Marcotte as Director and
expects to appoint a new board director in the coming weeks. The Board of
Directors is presently comprised of Benoit Moreau, president of Goldstar
Minerals; Francois Perron, a Board member of Yorbeau Resources inc. and Apogee
Silver Ltd.; Stephen Butrenchuk, a professional geologist and former President
and CEO of Gold Ridge Exploration Corp; and Mark Trevisiol, currently President
and CEO of Silver Bear Resources.


Qualified Person 

The scientific and technical information in this news release has been reviewed
and approved by Benoit Moreau, Goldstar Minerals President and CEO, a
professional engineer and a qualified person as defined by National Instrument
43-101.


Safe Harbour 

Readers are cautioned that historical statements contained within the news
release are not 43-101 compliant and are provided on a best effort basis by the
Company based on a review of publically available documents relative to the
property. 


About Goldstar Minerals Inc. 

Goldstar Minerals Inc. is a mineral exploration and development stage company
listed on the TSX Venture Exchange under the symbol GDM. Currently, its
exploration and development projects are located in Quebec.


On behalf of the Board of Directors of GOLDSTAR MINERALS INC. 

Benoit Moreau, President and Chief Executive Officer

Neither 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. 


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.


This press release is not an offer or a solicitation of an offer of securities
for sale in the United States. The securities have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration


FOR FURTHER INFORMATION PLEASE CONTACT: 
Benoit Moreau
514.591.8058
bmoreau@goldstarminerals.com

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