Coltstar Announces Management and Board Changes

Coltstar Ventures Inc.

Suite 1680, 200 Burrard Street Vancouver, BC Canada V6C 3L6

COLTSTAR ANNOUNCES MANAGEMENT AND BOARD CHANGES

January 12, 2012 TSX Venture Exchange Canadian Trading Symbol: CTR

Coltstar Ventures Inc. is announcing the appointment of Garry Stock as President and CEO, to replace Damien Reynolds, who is stepping down to pursue other interests. The Company thanks Mr. Reynolds for his efforts on behalf of Coltstar Ventures and wishes him success in his future endeavours.

Further changes include the appointment of Stephen Burega and Jon Lever to the board, and the resignation of Adrian Rollke from the board. The Company also thanks Mr. Rollke for his efforts on behalf of Coltstar Ventures and wishes him success in his future endeavours.

Stephen Burega has over 13 years experience in communications and government relations, with Fortune 500 companies such as General Electric. His experience spans Canadian and international projects. Jon Lever is a Certified Management Accountant, with extensive experience in senior financial roles with private and public companies in multi-jurisdictional frameworks.

Coltstar Ventures is a mineral exploration company that is currently exploring for base and precious metals in Canada and Italy.

On behalf of the Board of Directors

"Garry Stock"

President and CEO of Coltstar Ventures Inc.

For further information please contact:

Stephen Burega 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.