Coltstar Announces 2-FOR-1 Share Split

COLTSTAR VENTURES INC.

Coltstar Ventures Inc.

909 Bowron Street Coquitlam, British Columbia V3J 7W3

COLTSTAR ANNOUNCES 2-FOR-1 SHARE SPLIT

January 15, 2010 TSX Venture Exchange Canadian Trading Symbol: CTR

Coltstar Ventures Inc. ("Coltstar") announces that it will be proceeding with the share split referred to in its press release dated December 23, 2009, and approved by the TSX Venture Exchange on January 15, 2010. Shareholders of record on January 19, 2010 will be issued one additional share of Coltstar for each one currently issued and outstanding share of Coltstar held by such shareholder (the "Share Split"). Outstanding stock options and share purchase warrants will also be adjusted by the Share Split ratio and the respective exercise prices of outstanding stock options and warrants will be adjusted accordingly. Certificates for the Share Split will be mailed by Coltstar’s register and transfer agent, Computershare Investor Services Inc., on January 19, 2010. There will be no change to Coltstar’s name in conjunction with the Share Split. The current issued and outstanding capital of Coltstar will increase from 10,600,000 common shares to 21,200,000 common shares. Trading in the common shares of Coltstar will commence on a post-Share-Split basis on January 18, 2010.

On behalf of the Board of Directors

"Adrian Rollke"

President, Chief Executive Officer and Director

For further information please contact:

Bruno Gasbarro Telephone: (604) 936-2701

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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