Goldstar Announces Private Placement Financing

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES 

Goldstar Minerals Inc. ("Goldstar" or "the Company") (TSX VENTURE:GDM) announces
that it intends to complete a brokered private placement financing of
flow-through units and units, whereby Industrial Alliance Securities Inc. will
act as exclusive agent (the "Agent") for the sale of up to 12,000,000
flow-through units (the "Flow-Through Units") at a price of $0.10 per
Flow-Through Unit and up to 3,750,000 units (the "Units") at a price of $0.08
per Unit for aggregate gross proceeds in the amount of $1,500,000.


Each Flow-Through Unit will consist of one flow-through common share (the
"Flow-Through Shares") and one-half of one common share purchase warrant (the
"Warrants"). Each Warrant will entitle the holder to acquire one common share of
the Company at a price of $0.12 for a period of 24 months following the
completion of the Offering. Each Unit will be comprised of one common share of
the Company (the "Common Shares") and one full purchase warrant (the "Unit
Warrants"), entitling the holder to acquire a Common Share at $0.12 for a period
of 24 months following the completion of the Offering.


As consideration to the Agent, the Company has agreed to pay a cash commission
in an amount equal to 8.75% of the gross proceeds raised in the Offering and
shall issue the Agent compensation options to acquire that number of Common
Shares which equals 6% of the Flow-Through Units and Units sold pursuant to the
Offering (the "Compensation Options"). Each Compensation Option shall be
exercisable at a price of $0.08 for a period of up to 24 months from the date of
issue. 


Closing date of the Offering is expected to occur on or before September 30,
2013. All securities issued pursuant to the Offering, including the Common
Shares underlying the underlying the Warrants, Unit Warrants and the
Compensation Options will be subject to a statutory four month and one day hold
period. The Offering is subject to a number of conditions, including the receipt
of all regulatory approvals and the approval of the TSX Venture Exchange.


The net proceeds of the sale of the Flow-Through Shares will be used by the
Company to incur Canadian exploration expenditures (as defined in the Income Tax
Act (Canada)), which will be renounced for the 2013 taxation year. The net
proceeds of the sale of the Units will be used for the development of the
Company's key projects and for general corporate purposes.


About Goldstar Minerals Inc.

Goldstar Minerals Inc. is a mineral exploration and development stage company
listed on the TSX Venture Exchange under the symbol GDM. Currently,its
exploration and development projects are located in Quebec. 


Detailed project information can be found at www.goldstarminerals.com.

On behalf of the Board of Directors of GOLDSTAR MINERALS INC. 

Benoit Moreau, Chief Executive Officer

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Goldstar Minerals Inc.
Benoit Moreau
514.591.8058
[e-mail]
www.goldstarminerals.com