MONTRÉAL, QUÉBEC--(Marketwired - Dec. 22, 2016) -
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES
Goldstar Minerals Inc. ("Goldstar" or the "Corporation") (TSX VENTURE:GDM) reports that it has completed the Shares for Debt
transaction originally announced on October 18, 2016 upon receiving approval from the TSX Venture Exchange.
As announced in the press release dated October 18, 2016, the Corporation expected to settle debt of $90,000. Upon completion
of the transaction, the Corporation issued 1,600,000 common shares at a deemed price of $0.05 per share to settle debt totaling
$80,000.
The common shares issued in connection with this Shares for Debt transaction are subject to a statutory hold period of four
months plus a day that expires on April 23, 2017.
Neither 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 news release may contain forward-looking statements. These statements are based on current expectations and
assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in
the management discussion and analysis section of our interim and most recent annual financial statement or other reports and
filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update
any forward-looking statements, except as required by applicable laws.