Coltstar Announces Appointment of New Chief Financial Officer

COLTSTAR VENTURES INC.

Coltstar Ventures Inc.

909 Bowron Street Coquitlam, British Columbia V3J 7W3

COLTSTAR ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER

March 3, 2010 TSX Venture Exchange Canadian Trading Symbol: CTR

Adrian Rollke, President of Coltstar Ventures Inc. ("Coltstar"), is pleased to announce the appointment of Garry Stock as Chief Financial Officer of Coltstar in place of Bruno Gasbarro.

On behalf of the Board of Directors

"Adrian Rollke"

President, Chief Executive Officer and Director

For further information please contact:

Garry Stock Telephone: (604) 683-8236

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.

278126 v1