VANCOUVER, B.C. – September 9, 2014 – Desert Star Resources Ltd. (“Desert Star” or the “Company”) is pleased to announce that today it has closed its non-brokered private placement of convertible notes of the Company (the “Private Placement”) for gross proceeds of $495,000.10. The Private Placement was previously announced on August 18, 2014. The convertible notes are exercisable for a period of one year from and bear interest at the rate of 12% per annum calculated and payable quarterly with the first quarter commencing as of the date of closing. The lenders may convert at any time, all or a portion of the principal into units of the Company at a price of $0.19 per unit (each a “Unit”). Each Unit consists of one common share of the Company and one transferable common share purchase warrant (“Warrants”). Each Warrant is exercisable into one common share in the capital of the Company (“Warrant Share”) for a period of one year from the date of issuance, at an exercise price of $0.25 per Warrant Share. The convertible notes are subject to a four month hold period.

An insider of the Company, participated in the Private Placement and subscribed for an aggregate principal amount of $60,000.10 of convertible notes. Participation of any insider of the Company in the Private Placement constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions in Quebec) ( “MI 61-101”). The Corporation did not file a material change report 21 days prior to the closing of the Private Placement as the details of the participation of insiders of the Corporation had not been confirmed at that time.

The Private Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of securities being issued to insiders nor the consideration being paid by insiders will exceed 25% of the Corporation’s market capitalization.

About Desert Star

Desert Star is a Vancouver-based mineral exploration company focused on the identification, acquisition and development of copper and gold projects located in top-tier mineral belts in the southwestern United States that contain significant historical production, existing mining infrastructure and an established mining culture.

Vince Sorace
President and CEO, Desert Star Resources Ltd.

For further information regarding Desert Star, please email or visit our website at

Neither the 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 press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the “United States”, as such term is defined in Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold in the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.