Chairman's Message August 13, 2012

Chairman's Message August 13, 2012


The Joint Venture meeting with Xstrata Canada Corporation will now take place on August 27th rather than August 13th. Members of Xstrata’s senior exploration staff have now been brought into the project and require additional time to review Canstar’s proposed exploration program prior to the meeting.

Our priority continues to be the start-up of exploration on the Mary March property in the Buchans area of Newfoundland and Labrador. Canstar is ready to commence with the exploration program, starting with drilling as soon as possible following the meeting.

We regret this further delay and would like to thank our loyal shareholders for their understanding and support during this long, drawn-out process.

Sincerely,

Harry J. Hodge, P.Eng.
Chairman

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