Mr. Konstantine Tsakumis reports

FARSTARCAP ANNOUNCES PRIVATE PLACEMENT OF UP TO $55,000

Farstarcap Investment Corp. has arranged a non-brokered private placement financing of up to 1.1 million common shares at a price of five cents per share for total proceeds of up to $55,000.

Insiders of the company will subscribe for the entire offering of 1.1 million common shares for gross proceeds of $55,000. The issuance of the shares to the insiders is considered a related-party transaction subject to Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the participation in the offering by the insider will not exceed 25 per cent of the fair market value of the company's market capitalization.

The securities under the offering will be subject to restrictions on resale expiring four months and day after issue. The company intends to use the net proceeds of the offering to finance the costs associated with meeting its continuing reporting obligations and for general working capital purposes.

Closing of the offering is subject to acceptance of the TSX Venture Exchange.

About Farstarcap Investment Corp.

The company is a capital pool company within the meaning and the policies of the TSX Venture Exchange. The company has not commenced operations and has no assets other than cash.

We seek Safe Harbor.