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 intends to complete a brokered private placement financing of
Flow-Through Shares and Units through Industrial Alliance Securities Inc. acting
as exclusive agent (the "Agent") for the sale of up to 800,000 Flow-Through
Shares at a price of $0.125 per Flow-Through Share and up to 2,000,000 Units at
a price of $0.10 per Unit for aggregate gross proceeds in the amount of
$300,000. 


Each Unit will be comprised of one Common Share of the Company and one full
Warrant entitling the holder to acquire a Common Share at $0.15 for a period of
24 months following the completion of the Offering.


As consideration to the Agent, the Company has agreed to pay a cash commission
in an amount equal to 8.5% of the gross proceeds raised in the Offering and
shall issue the Agent compensation options to acquire that number of Common
Shares equal to 5% of the number of Flow-Through Units and Units sold pursuant
to the Offering (the "Compensation Options"). Each Compensation Option shall be
exercisable at a price of $0.10 for a period of up to 24 months from the date of
issue. 


Closing date of the Offering is expected to occur on or before March 17, 2014.
All securities issued pursuant to the Offering will be subject to a statutory
four month and one day hold period. The Offering is subject to a number of
conditions, including the receipt of all regulatory approvals and the approval
of the TSX Venture Exchange.


The net proceeds of the sale of the Flow-Through Shares will be used by the
Company to incur Canadian exploration expenditures on its Quebec properties (as
defined in the Income Tax Act (Canada)), which will be renounced for the 2014
taxation year. The net proceeds of the sale of the Units will be used for
general corporate purposes.


About Goldstar Minerals Inc.

Goldstar Minerals is focused on developing high-value tungsten and related
metals deposits in leading mining jurisdictions in Canada. Goldstar Minerals has
two properties located in Quebec - Julien and Brockaby -, and one in New
Brunswick - Lake George property -, all with year-round access. The Company is
led by a talented team with expertise and major company experience in resource
exploration and development and a clear understanding of the mining business.


On behalf of the Board of Directors of

GOLDSTAR MINERALS INC.

Benoit Moreau, 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.


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

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