Corporate Strategy Update from the New President and CEO of Canstar Resources Inc.
Toronto, Ontario - May 13, 2013. Canstar Resources Inc. (Canstar) (TSX.V: ROX) is pleased to announce its corporate strategy under the direction of its new President and Chief Executive Officer, Danniel Oosterman.
The Mary March Project remains the immediate focus of Canstar in 2013. Canstar has concluded the current exploration results from the Mary March Project justify further exploration. The 2012 drill program is under review and Mr. Oosterman has been on location at the Mary March Project to gather additional information in order to develop a 2013 exploration program in conjunction with Xstrata, our Mary March joint venture partner. Further announcements will be made as these plans are established.
As an exploration company, a sound project portfolio will help to maximize the potential for adding value. Canstar’s current inventory of projects is well regarded by us; however, we will be ever vigilant in our search for projects of merit that meet our technical and corporate criteria to expand our project base. Our existing projects are being evaluated to determine the merit of further work. Canstar will maintain a low-cost, high return approach, and Mr. Oosterman will personally oversee the execution of programs.
Canstar will continue to follow the strategy of directing as many resources as possible into the ground, as real data is the source of real results, from which Canstar intends to create real shareholder value.
On a further note, the options that were announced in the press release dated May 1, 2013, will have an exercise price of $0.10.
On behalf of myself and the Board of Directors, I would like to thank you for your continued loyalty and support.
Danniel J. Oosterman,P.Geo
President & CEO
Danniel J. Oosterman, P.Geo.
President & CEO
Manager, Corporate Affairs
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. This News Release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.