South Star Mining Announces Appointment of New Chief Financial Officer
South Star Mining Announces Appointment of New Chief Financial Officer
Toronto, ON - January 14, 2021 - South Star Mining Corp. ('South Star' or 'the Company')
(TSXV:STS) (OTC:STSBF) today announ ces that Justin Blanchet has resigned as the Chief
Financial Officer (CFO) effective January 15th, 2021. Bo (Benne tt) Liu has been appointed as
the new CFO and Corporate Secretary of the Company, approved by the Board of Directors.
Mr. Liu joins the Company from Red Fern Consulting Ltd., a full -service accounting group that
provides financial and support services for public companies in cluding accounting, regulatory
compliance, audit management and financial reporting. Mr. Liu h as served as Chief Financial
Officer for multiple publicly-tr aded companies (TSX Venture Exc hange and CSE-listed) with a
focus on the resource sector. He received his Bachelor of Techn ology – Accounting from the
British Columbia Institute of Technology.
The Board would like to thank Mr. Blanchet for his contribution to the Company and wishes him
well as he transitions to focus on his full-time position as CF O of an intermediate gold
producer. The Board also welcomes Mr. Liu and looks forward to a bright future together.
South Star CEO Richard Pearce commented: “Justin is a true professional. We appreciate his
hard work, dedication and commitment over the years and wish hi m all the best in current and
future endeavours. We are exci ted to have Bennett on board as w e advance towards 2021
construction and near-term production. He has been working with the Company for a couple of
years now and is already familiar with our operations, procedur es and staff. We expect a very
smooth, seamless transition.”
About South Star Mining Corp.
South Star Mining Corp. (TSX.V: STS) is focused on the selectiv e acquisition and development
of near-term mine production pro jects in Brazil to maximize shareholder value. STS has an
experienced executive team with a strong history of discovering , developing, building and
operating profitable mines in Brazil.
The Santa Cruz Graphite Project is located in Southern Bahia, the third largest graphite producing
region in the world with over 70 years of continuous mining. Th e Project has at-surface
mineralization in friable materials, and successful large-scale pilot plant testing (>30t) has been
completed. The results of the testing show approximately 65% o f Cg concentrate is +80 mesh
with good recoveries and 95-99% Cg. With excellent infrastructu re and logistics, South Star is
planning the commissioning of the 5,000 tonne per year pilot plant for the end of 2021.
This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified
Person" under National Instrument 43-101 and President and CEO of South Star Mining.
On behalf of the Board,
Mr. Richard Pearce
Chief Executive Officer
Ph: +1 (314)266-0793 (US)
Ph: +55 (11) 2308-6839 (Brazil)
Email: [email protected]
For additional information, please contact:
Mr. Dave McMillan
Chairman
Ph: +1 778-773-4560
Email: [email protected]
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x 251
Email: [email protected]
CAUTIONARY STATEMENT
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information
The information contained herein contains "forward -looking statements" within the meaning of applicable
securities legislation. Forward-look ing statements relate to information that is based on assumptions of
management, forecasts of future results, and estima tes of amounts not yet det erminable. Any statements
that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events
or performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual
events or results to differ from those reflected in the forward-looking statements, including, without limitation:
risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related
to the outcome of legal proceedi ngs; political and regulatory risks a ssociated with mining and exploration;
risks related to the maintenance of stock exchange listings; risks related to environmental regulation and
liability; the potential for delays in exploration or development activities or the completion of feasibility
studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the
geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and
cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility
studies, and the possibility that future exploration, development or mining results will not be consistent with
the Company's expectations; risks related to gold pric e and other commodity price fluctuations; and other
risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in
the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from those described in forward-
looking statements. Investors are cautioned against attributing undu e certainty to forward-looking
statements. These forward-looking statements are made as of the date hereof and the Company does not
assume any obligation to update or revise them to re flect new events or circumstances. Actual events or
results could differ materially from the Company's expectations or projections.