Astar Minerals Ltd. Completes Initial Public Offering and is Approved for Trading on TSX Venture Exchange

NEWS RELEASE TSX-V: TAR

Astar Minerals Ltd. Completes Initial Public Offering and is Approved for Trading on TSX Venture Exchange

Vancouver, Canada – May 16, 2013 – Stephen Stanley, CEO and President of Astar Minerals Ltd. (the “Company” or “Astar”), is pleased to announce that the Company has been approved to begin trading on the TSX Venture Exchange under the symbol TAR. Trading commences on Friday, May 17, 2013.

The Company also announces that it has completed its Initial Public Offering (the “IPO”). The Company engaged Canaccord Genuity Corp. (the “Agent”) as the agent for the IPO.

The Company is pleased to announce the IPO, which closed today, was fully subscribed and qualified the issuance of 4 million shares at $0.15 per share. In consideration for its services in connection with the IPO, the Agent and members of the selling group received a cash commission equal to 8% of the proceeds raised, 400000 non-transferable warrants to purchase common shares at a price of $0.15 per common share for a period of 24 months from the date of closing of the IPO and a corporate finance fee in the amount of $25,000. Gross proceeds of $600,000 were raised under the IPO, which will be used to fund stage one of the exploration program on the Forrest Property, British Columbia and for general operating funds.

About Astar:

Astar Minerals Ltd. is an exploration company focused on the acquisition and exploration of strategic properties in North America.

For further information please contact:

Stephen Stanley President and CEO Astar Minerals Ltd.

Telephone: (604) 684-7550

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.