Vanstar Acquires a 50% Interest in the Cookie Monster Property

LA PRAIRIE, QUÉBEC--(Marketwired - June 14, 2013) - The management of Vanstar Mining Resources Inc. (« Vanstar ») (TSX VENTURE:VSR) announces the acquisition of the 50% interest held by Amseco Exploration Ltd. (TSX VENTURE:AEL) in the Cookie Monster project in exchange of $2,000 cash, 60,000 Vanstar common shares and a 1% NSR. This project covers an area of 1,450 hectares and is located east of the Monster Lake property owned by Tomagold and Quinto (joint-venture), in the area of Chapais-Chibougamau. Vantex Resources Ltd. (TSX VENTURE:VAX) holds the remaining 50% interest of the project.

Vanstar also owns a 50% interest in the Little Monster project located between Cookie Monster and Monster Lake.

Location map : http://media3.marketwire.com/docs/Location_map.JPG

These two properties are located on the east boundary of the Tomagold- Quinto's project (Monster Lake) where many gold and copper showings were discovered in the 1970s (See Tomagold April 22, 2013 press release). Tomagold- Quinto released excellent results on Monster Lake in the last previous months, as follows :

Best results fron the 325 zone (Monster Lake - Tomagold, February 20, 2013 press release)

In the south-east extension of the properties, lies the Opawica-Guercheville deformation corridor which hosts many gold deposits such as Philibert (1.4 million MT @ 5.32 g/t Au- DV9301) and Meston Lake (1.225 milion MT @ 6.35 g/t Au - MB89-17) as well as the former Joe Mann mine (1.52 million MT @ 11 g/t Au - GM44408). North-east of Little and Cookie Monster, we can find the Chevrier deposits as well as many gold showings previously identified by Murgor Resources.

Geological map : http://media3.marketwire.com/docs/Little_Cookie_Monster_Map.JPG

The management of the Company is also evaluating other projects located in strategic mining areas like Kirkland Lake, Ontario and Rouyn-Noranda, Abitibi.

The works will be supervised by Daniel Kelly, geological engineer and Qualified Person under NI 43-101.

Otherwise, Vanstar signed agreements with Momentum PR and Avenue Capital Markets Inc.. Momentum PR, as an IR firm, will receive a monthly fee of $7,500 and 450,000 stock options at a price of $0.10 per share while Avenue Capital Markets Inc. will receive a monthly fee of $2,500 and 150,000 stock options at a price of $0.10 per share, for their financial business development services.

These agreements are subject to the approval of regulatory authorities and the common shares to be issued are subject to a 4-month and 1 day minimum hold period.

The content of this press release was read and approved by Daniel Kelly, Qualified Person under NI 43-101.