From: Morgan Hay <mhay@axiumlaw.com>
Subject: RE: Pinestar Gold Inc. - Press Release for Immediate Dissemination
PLAIN TEXT:
Please immediately disseminate the attached press release for Pinestar Gold Inc.
Thank you.
Best regards,
Morgan Hay
J. Morgan Hay
AXIUM LAW CORPORATION
Suite 3350, Four Bentall Centre
1055 Dunsmuir Street, PO Box 49222
Vancouver, British Columbia V7X 1L2
Telephone: 604-692-4907
Facsimile: 604-692-4900
E-mail: mhay@axiumlaw.com<mailto:mhay@axiumlaw.com>
This e-mail is CONFIDENTIAL and may be protected by solicitor-client privilege. It is intended only for the use of the
--->person to whom it is addressed.. Any distribution, copying or other use by anyone else is strictly prohibited. If you
--->have received this message in error, please telephone or e-mail us immediately and delete this message.
________________________________
File: 00566 PRESS Termination of Munglinup Option - v1.doc
PINESTAR DECLINES TO PROCEED WITH OPTION TO ACQUIRE PORTFOLIO OF AUSTRALIAN GRAPHITE PROJECTS
May 11, 2012 - Pinestar Gold Inc. (PNS - TSXV) (3PI - FSE) ("Pinestar" or the "Company") announces that following a full
---> legal and geological due diligence review, it has determined that it will not proceed with the exercise of its option (
--->the "Option") to acquire a package of Australian graphite properties. The Option was originally announced in Pinestar's
---> news release dated March 1, 2012. Pinestar will terminate the letter agreement with Zimtu Capital Corp. and Strategic
--->Resource Management Pty Ltd., and will not enter into a definitive agreement in respect of the Option.
For more information, please visit the corporate website at http://www.pinestargold.com or contact Jeremy Ford, Presiden
--->t and CEO at Ph: 604.647.4487 Email: pinestargold@gmail.com
On behalf of the Board of Directors,
PINESTAR GOLD INC.
"Jeremy Ford"
Jeremy Ford President, CEO and Director Ph: 604.647.4487 Email: pinestargold@gmail.com Web: http://www.pinestargold.com
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VE
--->NTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OR THIS RELEASE
FORWARD LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, inc
--->luding predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements t
--->hat address activities, events or developments that the Company expects or anticipates will or may occur in the future,
--->including such things as future exploration activities, future business strategy, competitive strengths, goals, expansio
--->n, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success
---> of exploration activities generally, permitting time lines, government regulation of exploration and mining operations,
---> environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pe
--->nding litigation and timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "pl
--->anned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends"
--->, "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and
--->phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or b
--->e achieved.
Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling
--->and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipme
--->nt necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortag
--->es or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical probl
--->ems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking stat
--->ements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the a
--->ctual results, performance or achievements to be materially different from any future results, prediction, projection, f
--->orecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among
---> others, the interpretation and actual results of current exploration activities; changes in project parameters as plans
---> continue to be refined; future prices of minerals; failure of equipment or processes to operate as anticipated; the fai
--->lure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining gover
--->nmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's
--->publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actio
--->ns, events or results to differ materially from those described in forward-looking statements, there may be other factor
--->s that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that
--->forward-looking statements will prove to be accurate, as actual results and future events could differ materially from t
--->hose anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
---> The Company does not assume the obligation to revise or update these forward-looking statements after the date of thi
--->s document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under a
--->pplicable securities laws.
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</head>
<body lang=EN-US link=blue vlink=purple>
<div class=Section1>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Please immediately disseminate the
attached press release for Pinestar Gold Inc.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'> <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Thank you.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Best regards, <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Morgan Hay<o:p></o:p></span></font></p>
<div>
<div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><font
size=2 color=navy face="Times New Roman"><span lang=EN-CA style='font-size:
10.0pt;color:navy;font-weight:bold'>J. Morgan Hay</span></font></b><font
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<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color="#333399" face="Times New Roman"><span lang=EN-CA
style='font-size:10.0pt;color:#333399'>AXIUM LAW CORPORATION</span></font><font
size=2 color=navy><span lang=EN-CA style='font-size:10.0pt;color:navy'><br>
Suite 3350, Four Bentall Centre<br>
1055 Dunsmuir Street, PO Box 49222<br>
Vancouver, British Columbia V7X 1L2<br>
Telephone: 604-692-4907<br>
Facsimile: 604-692-4900<br>
E-mail: <a href="mailto:mhay@axiumlaw.com"
title="blocked::mailto:mhay@axiumlaw.com">mhay@axiumlaw.com</a></span></font><font
color=navy><span style='color:navy'><o:p></o:p></span></font></p>
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