Coltstar Announces Management Changes, Stock Option Grant

COLTSTAR VENTURES INC.

Coltstar Ventures Inc.

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

COLTSTAR ANNOUNCES MANAGEMENT CHANGES, STOCK OPTION GRANT

March 22, 2010 TSX Venture Exchange Canadian Trading Symbol: CTR

Coltstar Ventures Inc. ("Coltstar"), announces that Mr. Damien Reynolds has taken the positions of President and CEO, in addition to his role as Chairman. Mr. Adrian Rollke remains a member of the board of directors, and the Company thanks him for his former service as President and CEO.

The Company also announces that Peter Russell-Jones has joined its newly-created Advisory Board. Mr. Russell-Jones has extensive experience in project identification, acquisition and advancement, having spent the past 25 years in the accounting, venture capital and mining sectors.

Furthermore, the Company announces its new corporate office at Suite 1680, 200 Burrard Street, Vancouver, BC, Canada V6C 3L6.

The Company also announces that subject to approvals, it has granted incentive stock options to directors, officers and consultants, entitling them to purchase up to 3.8 million commons shares of the capital stock in the Company at a price of $0.22 per share for the next 5 years. This grant is subject to TSX Venture Exchange and shareholder approvals.

On behalf of the Board of Directors

"Damien Reynolds"

Chairman and President

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.

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