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Goldstar Closes First Tranche of Private Placement

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MONTRÉAL, June 04, 2021 (GLOBE NEWSWIRE) — Goldstar Minerals Inc. (“Goldstar” or the “Company”) (TSX-V: GDM) is happy to announce that it has closed a non-brokered personal placement of $200,200 representing the primary tranche of a flow-through share financing of as much as $720,000. Underneath this primary tranche, the Company issued 1,112,223 flow-through frequent shares (the “Movement-Via Shares”) at a worth of $0.18 per share for gross proceeds of $200,200.

The Movement-Via Shares issued pursuant to this personal placement are topic to a 4 month maintain interval.

The proceeds from the issuance of the Movement-Via Shares might be used to incur Canadian Exploration Bills on properties of the Company situated within the Province of Québec.

An insider of the Company subscribed for a complete of 277,778 Movement-Via Shares having an combination subscription worth of $50,000.

For additional data, please contact:

David Crevier
Phone: 514-284-3663

Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch. This information launch could comprise forward-looking statements. These statements are primarily based on present expectations and assumptions which are topic to dangers and uncertainties. Precise outcomes may differ materially due to components mentioned within the administration dialogue and evaluation part of our interim and most up-to-date annual monetary assertion or different reviews and filings with the TSX Enterprise Trade and relevant Canadian securities laws. We don’t assume any obligation to replace any forward-looking statements, besides as required by relevant legal guidelines.

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