Canstar Resources Announces the Retirement of Harry J. Hodge and Appointment of Dennis H. Peterson as New Chairman of the Board

Canstar Resources Announces the Retirement of Harry J. Hodge and Appointment of Dennis H. Peterson as New Chairman of the Board


Toronto, Ontario - June 13, 2013. Canstar Resources Inc. (Canstar) (TSX.V: ROX) announces the retirement of Harry J. Hodge as Chairman and Director and the subsequent appointment of Dennis H. Peterson as the new Chairman of Canstar’s Board of Directors.

Mr. Hodge retired as Chairman of Canstar’s Board of Directors and Mr. Peterson was immediately appointed to replace him. Mr. Hodge will continue on as a valued advisor to the Company.

Mr. Peterson has 20 years of experience as a corporate securities lawyer specializing in corporate finance matters for small cap companies, and has served as a director with a number of public companies, including Probe Mines Limited. Dennis is a securities lawyer and the principal of Peterson Law Professional Corporation, a Toronto-based securities law boutique focusing on resource companies and has extensive experience with all aspects of prospectus financings, private placements, mergers and acquisitions in the junior public markets. Mr. Peterson holds a Bachelor of Commerce (Honours) degree from Queen’s University and a Bachelor of Laws degree from the University of Toronto.

Danniel Oosterman, President and CEO of Canstar, stated, “Harry has been an integral part of Canstar since 2005 as a past president, director and Chairman of the Company. His steady hand at the helm helped to guide the Company to victory over the protracted legal battle fought over the Company’s flagship Mary March property located near the prolific, formerly producing Buchans Mine in Central Newfoundland. His wisdom and keen sense of the industry will be missed. On behalf of the Board, we wish to thank him for his many contributions and wish him well in his retirement.”

“We would also like to welcome Dennis aboard as Canstar’s new Chairman. His corporate knowledge and experience will be instrumental in assisting the Company as it embarks on a new phase of growth and development.”


On behalf of myself and the Board of Directors,

Danniel J. Oosterman, P.Geo
President & CEO

Contacts:
Danniel J. Oosterman, P. Geo.
President & CEO
E: doosterman@canstarresources.com

Karen Willoughby
Manager, Corporate Affairs
T: 1-866-936-6766
E: kwilloughby@canstarresources.com

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