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April 28, 2017

Desert Star Announces Share Consolidation

VANCOUVER, B.C. – April 28, 2017 – Desert Star Resources Ltd. (“Desert Star” or the “Company”) is pleased to announced that the TSX Venture Exchange has (the “Exchange”) approved a share consolidation of the outstanding share capital of the Company (the “Consolidation”) of the Company’s common shares on the basis of two (2) pre-Consolidation common shares for one (1) post-Consolidation common share.

The Consolidation will be effective at the open of the market on Monday, May 1, 2017 (the “Effective Date”). The Company will not change its name as part of the Consolidation, but will issue new share certificates under a new CUSIP number, which is 25044W302. The Company’s common shares will continue to trade on the Exchange under its current symbol “DSR”.

In connection with the Consolidation, the common shares issuable upon exercise of the Company’s share purchase warrants exercisable at $0.50 per common share until July 5, 2017 (the “Warrants”), which are listed for trading on the Exchange under the symbol DSR.WT, will be adjusted to provide that every two Warrants will be exercisable to purchase one post-Consolidation common share at an aggregate exercise price of $1.00. No fractional shares will be issued upon exercise of the Warrants.

The Company currently has 32,895,802 common shares and 11,374,952 Warrants issued and outstanding. As at the Effective Date the Company will have approximately 16,447,901 post-Consolidated common shares and 11,374,952 Warrants to purchase 5,687,476 post Consolidated common shares issued and outstanding. No action is required to be taken by security holders with respect to the Consolidation and outstanding certificates representing the Company common shares and the Warrants will not need to be exchanged.

On behalf of the Board of

DESERT STAR RESOURCES LTD.

“Vince Sorace”
Vince Sorace
President and CEO, Desert Star Resources Ltd.

For further information regarding Desert Star, please email info@desertstar.ca or visit our website at www.desertstar.ca.

Neither the 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.

You can view the Next News item:May 1st, 2017, Desert Star Closes Private Placement

You can view the Previous News item:April 13th, 2017, Iron Butte Project Update, Share Consolidation and Financing

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