SUV Star Minerals Group Ltd

Star Minerals Group Ltd. (TSX VENTURE:SUV) ("Star") is pleased to announce that
it has entered into a definitive option and joint venture agreement (the
"Agreement") with Great Western Minerals Group Ltd. ("GWMG") (TSX
VENTURE:GWG)(OTCQX:GWMGF) pursuant to which Star has the right and option to
acquire up to a 51% participating interest (the "Interest") in the mineral and
other related rights in and to GWMG's Hoidas Lake Rare Earth Project (the
"Hoidas Lake Project"), an area comprised of fourteen mineral claims totaling
approximately 12,490 hectares and related property in northern Saskatchewan. The
Agreement supersedes the Letter of Intent announced by Star in its June 4, 2013
news release.


Star's right to acquire the Interest is segregated into two tranches. Star has
the right to acquire a 25% participating interest in the Hoidas Lake Project by
funding and completing a preliminary economic assessment in respect of the
Hoidas Lake Project within two years. Upon successfully exercising the first
tranche and acquiring a 25% participating interest, Star will have the right to
acquire a 26% participating interest in the Hoidas Lake Project by funding and
completing a "bankable" feasibility study in respect of the Hoidas Lake Project
within four years of the acquisition by Star of the initial 25% participating
interest in the Hoidas Lake Project.


The completion of the transactions contemplated by the Agreement is subject to
the acceptance of the TSX Venture Exchange and all other required approvals and
consents.


About Star Minerals Group Ltd.

Star is a Canadian based entity focused on the strategic acquisition and
development of resource properties on a worldwide basis.


For more information, please visit our website at www.staruranium.com.

ON BEHALF OF THE BOARD

Jim Engdahl, 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.


Disclosure Regarding Forward-Looking Statements: 

This press release contains certain "forward-looking statements" within the
meaning of applicable securities legislation. Words such as "might", "will",
"should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and
similar terminology are used to identify forward looking statements and
forward-looking information. Such statements and information are based on
assumptions, estimates, opinions and analysis made by management in light of its
experience, current conditions and its expectations of future developments as
well as other factors which it believes to be reasonable and relevant.
Forward-looking statements and information involve known and unknown risks,
uncertainties and other factors that may cause our actual results to differ
materially from those expressed or implied in the forward-looking statements and
information and accordingly, readers should not place undue reliance on such
statements and information. Risks and uncertainties that may cause actual
results to vary include but are not limited to the speculative nature of mineral
exploration and development, including the uncertainty of resource estimates;
operational and technical difficulties; the availability to the Corporation of
suitable financing alternatives; fluctuations in commodity prices; changes to
and compliance with applicable laws and regulations, including environmental
laws and obtaining requisite permits; political, economic and other risks
arising from our activities; fluctuations in foreign exchange rates; as well as
other risks and uncertainties which are more fully described in our annual and
quarterly Management's Discussion and Analysis and in other filings made by us
with Canadian securities regulatory authorities and available at www.sedar.com.
While the Corporation believes that the expectations expressed by such
forward-looking statements and forward-looking information and the assumptions,
estimates, opinions and analysis underlying such expectations are reasonable,
there can be no assurance that they will prove to be correct. In evaluating
forward-looking statements and information, readers should carefully consider
the various factors which could cause actual results or events to differ
materially from those expressed or implied in the forward looking statements and
forward-looking information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Star Minerals Group Ltd.
306-664-3828
306-244-0042 (FAX)
info@staruranium.com
www.staruranium.com

Star Minerals Group Ltd (TSXV:SUV)
Historical Stock Chart
From May 2024 to Jun 2024

Star Minerals Group Ltd (TSXV:SUV)
Historical Stock Chart
From Jun 2023 to Jun 2024