July 27, 2012 – VANCOUVER, Canada – Urastar Gold Corp. (“Urastar” or the “Company”) (TSX‑V:URS) (FSE: 3U3) (OTCQX: URNRF) is pleased to announce further results from RC drilling at its El Antimonio Property. Urastar has completed over 8000m in 37 holes of reverse circulation (RC) drilling at El Antimonio and plans to complete 10,000m of RC drilling as the major component of phase 1 exploration at El Antimonio. To date results have returned several wide gold bearing intercepts. Recent results are summarized in the table below.
Urastar President Adrian Robertson, P.Eng., comments “We’re extremely pleased with the results of the phase 1 exploration at El Antimonio this year. Taken in the context of the low cutoff grades of the producing mines in the area – in the neighborhood of 0.15g/t gold, and the fact there was virtually no prior exploration on Urastar’s claims at El Antimonio, the program has been a great success. We plan on using the remaining 2000 metres budgeted for phase 1 exploration to revisit the areas of the deposit that have returned the best results. That gives us an excellent chance for further success with the drill bit as well as the opportunity to expand on the known mineralization in those zones, which is currently open in all directions and at depth.”
Note: The above results are based on drill cutting samples that were submitted to ALS Minerals in Hermosillo for preparation. Sample analysis was done at ALS Minerals inNorth Vancouver,Canadafor gold by the Fire Assay method on 30 gram subsamples with AAS finish. ALS is an independent ISO certified commercial laboratory. Quality control included monitoring results of certified reference standards, duplicates and blank samples submitted with the samples. Intervals are measured down the hole and may not represent true thickness.
Dr. Matt Ball, P.Geo., is the Qualified Person pursuant to National Instrument 43-101 who has reviewed the technical information contained in this news release.
Adrian Robertson, President & CEO
Matthew Harrington, Investor Relations
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release includes certain statements that express management’s expectation or estimates of future performance and may be deemed “forward-looking statements”. These forward-looking statements include plans, estimates, forecasts and statements as to management’s expectations regarding exploration. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information.
United States residents are cautioned that some of the information that may be published by Urastar may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.