Chairman's Message 12 2 2010

Chairman's Message 12 2 2010


To Our Shareholders,

The latest hearing on the Mary March property dispute between the Newfoundland And Labrador Mineral Recorder and Vinland Resources was held from November 30th to December 2nd.

The purpose of this hearing was to consider an appeal by Vinland filed on November 23rd, 2009 on a decision handed down by the Mineral Rights Adjudication Board on October 23rd, 2009 which had rejected Vinland’s claim to the Mary March property.

Three days had been set aside for the hearing. Mr Jim Thistle, our legal counsel representing Canstar at the hearing, advises us that the hearing took just over 2 days to complete. A decision is expected by year end.

We would like to thank our shareholders who have supported us through this long drawn out dispute,especially those who have actively lobbied on our behalf with the government and media to raise the profile of this frivolous,long-standing dispute.

We are optimistic that the upcoming decision by the courts will be final and will allow us to resume comprehensive exploration on the Mary March property as soon as feasible in 2011.

We would also like to report that 4,000,000 share purchase warrants have been exercised at $.10 to add $400,000 to the treasury.

Thank you,
Harry J. Hodge, P.Eng,
Chairman.

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