News Releases - Monday, January 18, 2010
Canstar Signs Memorandum of Agreement on Claims Adjacent to Mary
March Property
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TORONTO, ONTARIO, Jan 18, 2010 -- The Directors of Canstar Resources
Inc. (TSX VENTURE: ROX) are pleased to announce that the Company has
signed a Memorandum of Agreement with On-Strike Gold Inc., a private
company, to explore Canstar's mineral claims ("The Claims"), adjacent
to Canstar's Mary March property in the Buchans area of Newfoundland
and Labrador.

The 37 claim property, 100% owned by Canstar, is located immediately
adjacent to the east and north along the geological trend of the Mary
March property. The Mary March property hosts several areas of high
grade base and precious metals, VMS type mineralization.

These claims are not involved in the Mary March property dispute
between the Mining Recorder's office and Vinland Resources.

On-Strike has 30 days to complete due diligence on the claims at which
time it may proceed to a Mining Option Agreement ("MOA") with Canstar
to earn 50% interest in the claims on the following terms:

- On signing MOA, On-Strike will pay Canstar $25,000 and issue 500,000
shares of On-Strike to Canstar.

- On or before the 1st anniversary On-Strike will pay $50,000 in cash
to Canstar.

- On, or before the 2nd anniversary On-Strike will pay $100,000 in cash
to Canstar.

- On-Strike will incur exploration expenditures on the claims as
follows;
In 1st year - $100,000
In 2nd year - $250,000
In 3rd year - $500,000

Upon earning 50% interest, On-Strike will enter into a 50/50% Joint
Venture agreement with Canstar on the claims with industry standard
terms.

Harry Hodge, P.Eng. Chairman of Canstar states, "We are pleased to
welcome a partner to combine our exploration efforts and expenditures
on these well-located, highly prospective and under-explored claims.
Together with the Mary March property it will provide increased
exploration exposure for Canstar in this area of favourable geology and
known high grade base and precious metals mineralization."

On behalf of the Board of Directors

Harry J. Hodge, P.Eng.