Vancouver, B.C. December 30, 2014: (TSXV: DSR) (“Desert Star” or the “Company“) is pleased to announce that it has closed the first tranche of its non-brokered private placement financing, announced by news release dated November 27, 2014 (the ” Private Placement“) for gross proceeds of $1,277,785.20 by the issuance of 8,518,568 units (each a “Unit“) of the Company at a price of $0.15 per Unit. Each Unit is comprised of one common share and one common share purchase warrant (a ” Warrant“). Each Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.25 per common share.

The Company would also like to announces that the Private Placement has been increased by $500,000 pursuant to a price reservation filed with the TSX Venture Exchange such that the maximum gross proceeds to be raised under the Private Placement is now $2,000,000.

In connection with the Private Placement the Company has paid an aggregate cash commission of $123,788.53. The Company also issued non-transferable finder’s warrants to purchase 825,257 common shares of the Company exercisable for a period of two years at a price of $0.25 per common share.

Proceeds of the Private Placement will be used for the continued exploration of the Company’s properties and for general working capital purposes.

All securities issued pursuant to the Private Placement are subject to a four month and a day hold period.

On behalf of the Board of

“Vince Sorace”
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.