ILST International Star Inc (PK)

TUCSON, AZ / ACCESSWIRE / October 27, 2015 / International Star, Inc. (OTC: ILST) a mining and exploration company focused on acquisition and development of undervalued precious metal assets, is pleased to provide a letter to shareholders from CEO Michael Shea.

Dear Shareholders and Friends of International Star:

I wanted to take this opportunity to share with you the excitement and progress your Company has made and the steps required to put the Van Deeman Gold Project into production. ILST maintains its corporate website, http://www.ilstholdings.com to keep our investors and interested parties updated on current activities as well as contact information. Near term activities that will be announced are a Webcast of site visits by our Mine Engineer and crew. We have received requests from several interested shareholders regarding a visit to the mine site. We are looking into accommodating this request.

I would like to start this update by iterating why we are committed to this project:

Status of Project:

The Van Deemen project in North Western Arizona, is a near term gold production project which is in the permitting process with the federal, state, and local agencies. Based on internal analysis, we show the project is economic even in today's low gold price environment. It is located in the most "mining friendly" County (Mohave) in the #1 mining State of Arizona. Access is via established tertiary roads across gentle terrain 5 miles from U.S. Hwy. 93, 50 miles from Kingman Arizona and 65 miles from Las Vegas Nevada. Kingman is a traditional source of skilled mining labor and mining supplies & equipment while Vegas serves as an air, rail and highway transportation hub.

The Van Deemen is a relatively small, low capital cost project, ideally suited for open pit mining and heap leach processing. The ore outcrops on surface, negating the need for a pre-production stripping operation. Final design of leach pads, ponds, carbon adsorption/desorption units, assay and ancillary facilities will be to industry standards and construction will be fast and straight forward. Mining and crushing operations will be contracted out, allowing for quick mobilization of men and equipment. Training of process personnel will be conducted concurrently with process facilities fabrication and installation. Gold will be recovered within 90 days of the green light for construction/mining being flashed.

ILST management has made significant progress to bring the project into project into production since it took over the project in late 2013.

Completed

- Historic Resource of 34,000 ounces of gold was confirmed using drill hole information available.

- Re-Assay drill hole pulps - Comparing 2014 assay results from Skyline to 1986 historic assays from Chemex Labs, shows a 98% correlation between samples;

- Metallurgical Testing shows the ore is amenable to simulated heap leach cyanidation treatment at an 80%-1" feed size. Column leach test gold recovery was 69.8% in 74 days of leaching and rinsing;

- Acid Based Accounting indicates this material has no potential for acid generation due to the net neutralizing capability and the low pyritic sulfur content. This eliminates acid mine water discharge concerns and makes permitting easier.

In Progress

- Upgrade Historic Resource Estimate utilizing new drill hole information;

- Permitting - obtain permits from Federal, State and local government agencies concurrently, including Mine Plan of Operations from the BLM;

- Conceptual Mine Design;

- Undergo NEPA (National Environmental Policy Act) review after MPO.

Critically important for the development/Mine Plan of Operations is the completion of the Resource Estimate/Technical Report which will provide the resource and economics needed for the Mine Plan of Operations and engineering studies.

We are currently looking to raise additional capital to fund the permitting, development and construction of the mine site in several tranches with initial funding targeted to complete the Technical Report, 2nd tranche to complete all permitting and Mining Plan of Operations. The last tranche will provide for construction and commencement of mining operations.

International Star has a bona fide deposit, in a stable jurisdiction, with real potential for development. A strong permitting effort and considerable engineering refinement is required prior to production, however management is confident that the skillsets necessary for the task are in hand.

Management is excited to showcase the project on tomorrows Virtual Mine Tour presentation at 11AM PST. To attend this important event please sign up here: https://attendee.gotowebinar.com/register/3415650833847211778.

Regards,

Michael Shea
International Star Inc.
1790 E. River Rd. Suite #213
Tucson, AZ 85718
(203) 210-5614
mshea@ilstholdings.com

SOURCE: International Star Inc.

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