Canstar Announces New Directors and Grants Options
220 Bay Street TSX-V: ROX
Suite 550 OTCPK: CSRNF
Toronto, ON M5J 2W4 www.canstarresources.com
Canstar Announces New Directors and Grants Options
Toronto, Ontario – April 26, 2021 – CANSTAR RESOURCES INC. (TSXV: ROX & OTCPK:
CSRNF) (“Canstar” or the “Company”) is pleased to announce that Neil Burns and James Clare
have been appointed to the Company’s board of directors . Director Patrick Reid has resigned
from the board, effective immediately . The Company thanks Mr. Reid for his many years of
dedicated service to the Company as a director.
Neil Burns is a geologist with over 25 years of extensive international experience in exploration,
mining and resource evaluation. He is currently the Vice President of Technical Services at
Wheaton Precious Metals where he is responsible for the technical review of potential precious
metals stream financing opportunities. He has been with Wheaton since 2008 and prior to
Wheaton, Mr. Burns held numerous positions with mining and consulting firms. Neil holds a
master’s degree in mineral exploration from Queen’s University and is a registered Professional
Geologist with Engineers and Geoscientists British Columbia. Mr. Burns also serves on the board
of directors of the BC Cancer Foundation and Au Gold Corp.
James Clare is a partner with Bennett Jones LLP, one of Canada’s leading corporate law firms.
Mr. Clare has a corporate commercial and securities law practice, with an emphasis on corporate
finance and mergers and acquisitions, with a focus on the mining sector. His transactional
experience includes domestic and cross-border public and private corporate finance transactions
representing issuers and underwriters as well as merger and acquisitions transactions. Mr. Clare
also serves on the board of directors of SolGold plc, PJX Resources Inc., and Riverside
Resources Inc.
Dennis Peterson, Chairman of the Company , commented: “We welcome Neil and James to the
board. Our goal is to grow Canstar through mineral discovery and the acquisition of new projects.
Their knowledge and experience will be extremely valuable in executing this strategy. We also
thank Patrick Reid for his involvement as a director of Canstar over the past two decades.”
Canstar has granted the directors a total of 800,000 options to purchase common shares of the
Company at an exercise price of $0.28 per share, expiring on April 26, 2026. The grant is subject
to regulatory approval and vesting requirements.
About Canstar Resources Inc.
Canstar is focused on the discovery and development of economic mineral deposits in
Newfoundland and Labrador, Canada. Canstar has an option to acquire a 100% interest in the
Golden Baie Project, a large claim package (over 62,175 hectares) with recently d iscovered,
multiple outcropping gold occurrences on a major structural trend in south-central Newfoundland.
The Company also holds the Buchans -Mary March project and other mineral exploration
properties in Newfoundland. Canstar Resources is based in Toronto, Canada, and is listed on the
TSX Venture Exchange under the symbol ROX and trades on the OTCPK under the symbol
CSRNF.
For further information, please contact:
Rob Bruggeman P.Eng., CFA
President & CEO
Email: [email protected]
Phone: 1-416-884-3556
www.canstarresources.com
220 Bay Street TSX-V: ROX
Suite 550 OTCPK: CSRNF
Toronto, ON M5J 2W4 www.canstarresources.com
Forward-Looking Statements
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.
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward
looking statements include estimates and statements that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management expects a st ated condition or result to occur. Forward
looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”,
“would”, “will”, or “plan”. Since forward -looking statements are based on assumptions and ad dress future events and
conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on
information currently available to the Company, the Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward -looking information could
cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or
implied by such forward-looking information. Forward looking information in this news release includes, but is not limited
to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the
estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations
and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking
information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral
resources to reserves, the inability to complete a feasibility study which recommends a production decision, the
preliminary nature of metallurgical test results, delays in obtaining or failures to o btain required governmental,
environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and
other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes
in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of
projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral
exploration and development industry, an inability to predict and counteract the effects of COVID -19 on the business
of the Company, including but not limited to the effects of COVID -19 on the price of commodities, capital market
conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s
public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing
the forward-looking information in this news rele ase are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise
any forward -looking information, whether as a result of new information, future events or otherwise, other than as
required by law.