Coltstar Grants Incentive Stock Options

Coltstar Ventures Inc.

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

August 12, 2011 TSX Venture Exchange Canadian Trading Symbol: CTR

COLTSTAR GRANTS INCENTIVE STOCK OPTIONS

Coltstar Ventures Inc. (TSXV:CTR, “Coltstar”) announces that subject to TSX-V approval, it has granted incentive stock options to directors, officers and consultants, entitling them to purchase up to 2,150,000 million common shares of the capital stock in the Company at a price of $0.35 per share for the next 5 years. This grant is subject to TSX Venture Exchange approval.

About Coltstar Coltstar Ventures Inc. is a mineral exploration company that is currently exploring for iron ore and precious metals in Europe and Canada.

On behalf of the Board of Directors,

"Damien Reynolds"

Chairman, President and CEO of Coltstar Ventures Inc.

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.