Canstar Announces VP Exploration and New Technical Advisor, Grants Options
220 Bay Street TSX-V: ROX
Suite 550 OTCPK: CSRNF
Toronto, ON M5J 2W4 www.canstarresources.com
Canstar Announces VP Exploration and New Technical
Advisor, Grants Options
Toronto, Ontario – February 9, 2021 – CANSTAR RESOURCES INC. (TSXV:ROX & OTCPK:
CSRNF) (“Canstar” or the “Company”) is pleased to announce that it has hired Dawn Evans -
Lamswood, M.Sc., P.Geo, as its Vice President, Exploration, through her consulting compa ny,
DEL Exploration, based in St. John’s, Newfoundland. In addition, the Company is pleased to
announce that Dr. Laurence (Laurie) Curtis has agreed to join the company as a technical advisor.
Ms. Evans-Lamswood is a well-respected structural geologist with over 30 years’ experience, the
majority of which has been focused on base and precious metals projects in Newfoundland and
Labrador. M uch of her career was spent on Vale Inco’s Voisey’s Bay project, in increasingly
senior geology positions. More recently, Ms. Evans-Lamswood has been working with Canadian
exploration companies and she was the lead author on a NI 43-101 report on New Found Gold’s
Queensway Project. Ms. Evans -Lamswood is a Professional Geoscientist (Newfoundland,
Ontario, and British Columbia) and was recognized as Geoscientist of the Year (CIMM) in 2014
and given the Award of Merit by Professional Engineers and Geoscienti sts of Newfoundland
(PEGNL) in 2018.
Dr. Curtis brings over 40 years of experience in the mining industry and capital markets, with a
proven track record in corporate development, mine development and project financing. He was
the founder of Intrepid Minerals and was a key member of the senior management and technical
teams overseeing all aspects from discovery through operations. Under his guidance as CEO and
COO, Intrepid transitioned through merger and acquisition to become a gold producer and
developer, ultimately attaining a market capita lization in excess of $1.2 billion. During his
distinguished career as an exploration geologist, Dr. Curtis was involved with a number of
worldwide discoveries including the initial discovery and staking of the Back River gold belt, which
now hosts the 5M-ounce gold deposit held by Sabina Gold & Silver Corp., and led teams to the
discovery of several epithermal systems in the Caribbean Basin. Dr. Curtis has also held several
positions in the financial sector including, Research and Analyst Mining for Clarus Securities, Vice
President and Senior Analyst Global Resources for Dundee Capital Markets.
Rob Bruggeman, President & CEO of Canstar, commented: “Canstar’s Golden Baie project, is a
very large claim package with numerous exploration targets along a major gold-bearing structure.
The challenge for our exploration team is to crack the code on where to find the highest grades
of gold mineralization over the best widths and to do so in a cost -effective manner. Today’s
announcements significantly build our technical team. Our technical committee now consists of
Dr. David Palmer (director), Dr. Lawrence Winter (technical advisor), and Dr. Laurie Curtis. That
is an impressive roster of geologists with tremendous experience that we can leverage.”
Mr. Bruggeman continued: “I am also very pleased that Dawn has joined Canstar to lead its
Newfoundland-based exploration team. Her understanding of structural geology and methodical
approach to exploration are well suited to our Golden Baie project. With Dawn’s knowledge and
guidance from the technical committee, we are eager to get back out to Golden Baie in the spring
to prioritize targets for the first drill program on the property in a decade.”
Canstar has granted employees and consultants on the exploration team a total of 1,200,000
options to purchase common shares of the Company at an exercise price of $0.28 per share,
expiring on February 8, 202 6. The grant is subject to regulatory approval and vesting
requirements.
220 Bay Street TSX-V: ROX
Suite 550 OTCPK: CSRNF
Toronto, ON M5J 2W4 www.canstarresources.com
About Canstar Resources Inc.
Canstar is focused on the discovery and development of economic mineral deposits in
Newfoundland and Labrador, C anada. Canstar has an option to acquire a 100% interest in the
Golden Baie Project, a large claim package (over 62,175 hectares) with recently discovered,
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
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 stated 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 address 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 fac tors 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 o perations
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 obtain 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 predic t 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 thos e 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 release are reasonable, undue reliance should not be placed on s uch
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.