Exploring Prolific Copper and
Gold Belts of North America

News Releases

May 1, 2017

Desert Star Closes Private Placement

VANCOUVER, B.C. – May 1, 2017 – Desert Star Resources Ltd. (“Desert Star” or the “Company”) is pleased to announce the closing of its non-brokered private placement (the “Private Placement”) of 2,500,000 units (“Units”) at a price of $0.20 per Unit for gross proceeds of $500,000.

Each Unit consists of one common share and one transferable share purchase warrant exercisable to acquire one common share for a period of 24 months at a price of $0.25 per common share. In connection with the closing, directors and officers of the Company subscribed for an aggregate of 1,200,000 Units.

The Company is actively in the process of pursuing acquisitions in the resource sector and proceeds from the private placement will be used to fund due diligence and transaction costs on potential acquisitions.

All of the securities issued pursuant to the Private Placement are subject to a four month hold period expiring September 2, 2017.

On behalf of the Board of


“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:June 15th, 2017, Desert Star to Acquire the Kutcho High Grade Copper-Zinc-Silver-Gold Project from Capstone Mining and Announces Updated PFS Results; Post Tax C$265 Million NPV8% and 27.6% IRR

You can view the Previous News item:April 28th, 2017, Desert Star Announces Share Consolidation

Back to the main News page, or press the Back button on your browser.