OTCBB:FSRFF FSE:F2U TSX.V:FS
VANCOUVER, Dec. 29 /CNW/ - First Star Resources Inc. (TSX-V: FS) (the "Company") wishes to announce a new addition to the board of directors as part of its on going business plan to continue to expand and enhance its International representation.
Effective immediately, the board of First Star Resources has been arranged as follows:
Mr. Robert Gardner as Chairman and CFO,
Mr. John Campbell, President and CEO.
Brian R. D. Smith, QC as director.
Mr. Chenguang Jiang as a director, VP of Finance China
New director - Mr. Majcher William (Bill)
Mr. Majcher has over 20 years of combined experience in public service, international finance, and capital markets. His background includes management, public stewardship, structured finance, emerging markets, product development, strategic planning and risk management. He spent twenty years with the Royal Canadian Mounted Police (RCMP). He retired with the rank of Inspector and Officer in charge of all capital markets enforcement in Western Canada. Mr. Majcher has experience as a Futures and Options broker and trader and has lectured extensively on abuse within the international capital markets, including sophisticated money laundering. Significantly, Mr Majcher has also recently been appointed as CEO of Sun Wah International Asset Management based in Hong Kong. www.SunWahGroup.com The Sun Wah Group, is expecting to have a asset management platform encompassing a Spl Sits Fund, Mining Fund, Oil & Gas Fund, TMT Fund, Bio-Tech Fund, Fixed income Fund and a Shariah Master Feeder Fund, by year end 2011.
First Star Resources Inc. has also granted options to buy 900,000 shares total to Directors and Officers and Management of First Star. The options shall be exercisable at a price of $00.25 cents per share and shall have a term of two years.
About First Star Resources Inc
First Star Resources is a junior exploration company focused on gold exploration in the world famous Tintina Gold belt in Alaska. The Tintina Gold belt hosts major gold deposits and several mines, such as; Fort Knox Mine-3.7 million oz gold, the Donlin Creek deposit 33.5 million oz. gold, the Livengood deposit, 8.1 million oz gold, White Gold deposit 1.4 million oz gold (Recently taken over by Kinross Gold Corp), and the Pogo Mine 5.6 million oz gold, which is adjacent to one of First Stars Resources' key targets for this year and the WP property. International Tower Hill (ITHT) spent millions of dollars on the WP and LMS properties which they optioned to First Star Resources after they made their discovery at Livengood. Both of these properties have well defined Gold Targets. First Star Resources recently completed drilling on the LMS, property and now is in the planning stages for its work programs set for early 2011.
ON BEHALF OF THE BOARD
John Campbell CEO
Visit the Company's website, www.firststarresources.com
ON BEHALF OF THE BOARD
Bill Wishart, President & CEO
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Forward-looking statements relating to future events or future performance and reflecting First Star Resources or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur "or "be achieved" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of First Star Resources to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Petro Horizon's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although First Star Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.
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