TORONTO, ONTARIO--(Marketwired - May 1, 2013) - The directors of Canstar Resources Inc. (Canstar) (TSX VENTURE:ROX) are pleased to announce that Mr. Danniel J. Oosterman, P.Geo., has been appointed President and CEO of the Company.
Mr. Oosterman has extensive technical experience in the mining and exploration industry, with expertise in managing both greenfield and brownfield projects, including drilling, target definition and geological modeling. His extensive field experience is complimented with strong proficiency in corporate development, including fundraising, project promotion/development and strategic planning.
In addition to consulting work, Mr. Oosterman most recently held the position of Exploration Manager for Prophecy Platinum Corp. and previously held senior positions with Ginguro Exploration Inc., Victory Nickel Corp. and Independent Nickel Corp., as well as positions with Wallbridge Mining Company, INCO Technical Services and Falconbridge Ltd.
Mr. Oosterman will utilize his considerable technical/corporate development skills and experience to develop the Company's flagship property, the Mary March Project, located in the Buchans area of Newfoundland and Labrador, to its full potential; and to evaluate and procure additional prospective properties for the Company's portfolio.
Harry Hodge, Chairman, states, "We are very pleased that Danniel has joined our company as President and CEO. His considerable experience in developing and supervising diverse mineral projects of various types will enable Canstar to move forward aggressively in its exploration efforts."
Mr. Oosterman joined the company as President and CEO on May 1, 2013. He will be granted options to acquire 500,000 common shares of Canstar for a period of five years.
On behalf of the board,
Harry J. Hodge, P.Eng, Chairman
This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.