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ROX.V ·

Canstar Resources Inc. Announces Grant of Stock Options

Share Capital & Compensation

canstar resources inc.

56 Temperance St. TSX-V: ROX

Suite 1000 www.canstarresources.com

Toronto, ON M5H 3V5

Tel: 647-557-3442 Fax: 647-557-3448

______________________________________________________________________________________

NEWS RELEASE January 3, 2017

Canstar Resources Inc. Announces Grant of Stock Options

Toronto, Ontario – January 3, 2017. Canstar Resources Inc. (TSX-V:ROX) (the “Company”)

announces that a total of 2,475,000 options to purchase common shares of the Company have

been granted to directors, officers and consultants at an exercise price of $0.11 per share,

expiring in five years. The terms of these sto ck options are in accordance with the Company's

Stock Option Plan.

On behalf of the Board of Directors,

Danniel J. Oosterman, P.Geo.

President & CEO

Contacts:

Danniel J. Oosterman, P. Geo.

President & CEO

E: [email protected]

Karen Willoughby

Director Corporate Communications

T: 1-866-936-6766

E: [email protected]

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". These

statements are based on information currently available to the Company and the Company

provides no assurance that actual results will meet management's expectations. Forward-

looking statements include estimates and statements that describe the Company's future plans,

objectives or goals, including words to the effe ct that the Company or management expects a

stated condition or result to occur. Forward-l ooking statements may be identified by such terms

as "believes", "anticipates", "expects", "estim ates", "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. Actual results

relating to, among other things, results of exploration, project development, reclamation and

capital costs of the Company's mineral properti es, and the Company's financial condition and

prospects, could differ materially from those cu rrently anticipated in such statements for many

reasons such as: changes in general economic conditions and conditions in the financial

markets; changes in demand and prices for minerals; litigation, legislative, environmental and

other judicial, regulatory, political and compet itive developments; technological and operational

difficulties encountered in connection with the activities of the Company; and other matters

discussed in this news release. This list is not exhaustive of the factors that may affect any of

the Company's forward-looking statements. These and other factors should be considered

carefully and readers should not place undue reliance on the Company's forward-looking

statements. The Company does not undertake to update any forward-looking statement that

may be made from time to time by the Company or on its behalf, except in accordance with

applicable securities laws.