Vinland Appeals Mary March Decision
The directors of Canstar Resources Inc. (TSX.V - ROX) wish to report that Vinland Resources Limited has filed a Notice of Appeal with the Newfoundland and Labrador Supreme Court (Trial Division) to the decision by the Mineral Rights Adjudication Board, dated October 23rd, 2009 on the Mary March property dispute. The Notice of Appeal is available for viewing on Canstar’s website (www.canstarresouces.com).
Further information on the procedure, response and timing will be made public as soon as it becomes available.
The directors are currently reassessing plans to resume exploration on the property pending further information from the Newfoundland and Labrador government.
“The board of directors believes that the grounds for the appeal are erroneous and will confer with its legal counsel and the government with regard to further action by the Company,” stated Harry Hodge, Canstar Chairman.
Canstar will provide shareholder’s with an update on the situation as soon as the Company has made a full evaluation of the Notice of Appeal filed by Vinland.
On behalf of the Board of Directors
Harry J. Hodge, P.Eng.
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Canstar, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canstar’s expectations are exploration risks detailed herein and from time to time in the filings made by Canstar with securities regulators
Harry J. Hodge, P.Eng.
Manager, Corporate Affairs