Vancouver, B.C. Sept 27, 2016: (TSXV: DSR) (“Desert Star” or the “Company”) is pleased to announce the appointment of Rob Carpenter to its Technical Advisory Board. Rob Carpenter is a Professional Geoscientist with over 25 years of technical and executive experience for junior and major mining companies. He was co-founder and President and CEO of Kaminak Gold Corporation from 2005 to 2013 and led the company through the acquisition, discovery and maiden resource of the multi-million ounce Coffee Gold Project, Yukon. The project was subsequently acquired by Goldcorp Inc in 2016. He has received awards from the Association for Mineral Exploration of British Columbia for excellence in mineral exploration (2013) and social and environmental stewardship (2008).
In addition, the Company announces that it has granted to directors, officers and consultants of the Company stock options (the “Options”) to purchase a total of 1,285,000 common shares at a price of $0.20 per common share. The Options are exercisable for a period of 5 years and have been granted in accordance with the terms of the Company’s current stock option plan. All the options are subject to a four month hold period.
The Company has also repriced certain stock options (granted to consultants only) that at the time of the grant to consultants authorized the purchase of:
• 102,500 common shares at a price of $0.60 per share until April/May 2017; and
• 87,500 common shares at a price of $0.50 per share until January 30, 2019.
All of the foregoing options have been repriced to $0.20 per share, subject to the acceptance of the TSX Venture Exchange. The expiry date of the repriced options remains the same.
On behalf of the Board of
DESERT STAR RESOURCES LTD.
President and CEO, Desert Star Resources Ltd.
For further information regarding Desert Star, please email email@example.com or visit our website at www.desertstar.ca.
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.