Canstar Resources Inc. is a Canadian mineral exploration and development company engaged in the business of exploring for mineral deposits, primarily gold and base metals.

Canstar is led by an experienced board of directors and a professional management team combining over 150 years of experience in exploration, mining, finance and business development.

The company's objectives and focus is to discover and develop economic mineral deposits, primarily in North America, Canstar has assembled a strong portfolio of properties ranging from grassroots to moderately advanced prospects.

In addition to the Mary March Project located in the prolific Buchans area of Newfoundland, the Company has recently acquired a 100% interest in the CBS Project located in the Conception Bay South area on the Avalon Peninsula, Province of Newfoundland and Labrador.

CBS Project

(Conception Bay South) Canstar has acquired 100 % interests in two mineral properties totaling 163 claims (4075 hectares), in the area of Conception Bay South on the Avalon Peninsula, Province of Newfoundland and Labrador.

McFauld’s Lake

Canstar’s McFauld’s Lake 1 and 3 properties in northwestern Ontario are located close to the heart of what is arguably the best base metals ‘area play’ in Canada at the present time. Currently under option to United Reef Limited (TSX-V: URP), the property is contiguous to the southeast with the Spider Resources/KWG Resources property where high grade zinc-copper-silver-lead-gold mineralization has been discovered in ongoing drilling since 2003. This includes an 18.8 m intersection of 8.02% copper in hole McF-04-57. In addition, the area is receiving significant attention with the recent discovery of high-grade-platinum group metal mineralization by Noront Resources. Drill intersections of up to 6.25% nickel, 2.75% copper, 1.85 g/t platinum, 10.23 g/t palladium, 3.0 g/t gold and 10.3 g/t silver over 46.6 meters have been reported. A recent drill program conducted by United Reef failed to explain the source of the anomalies

Tahoe and Shrimp Lake Properties

Staked in January 2002, Canstar’s wholly-owned Tahoe and Shrimp Lake properties cover a prospective gold and base metal target within intensely altered volcanic and iron formation in the southern portion of the North Spirit Lake greenstone belt, about 170 kms north northeast of Red Lake, Ontario.

Miminska

Wholly owned by Canstar, the Miminiska Lake gold property located east of Pickle Lake in northwestern Ontario hosts high grade gold and visible gold in a geological setting directly analogous to Placer Dome's plus 200,000 ounce per year Musselwhite Mine in the same general area. Soil sampling in 2003 identified a large gold anomaly on the property. A seven-hole drill program to test geophysical targets was completed on the property in March 2005, with disappointing results. The company is hoping to interest other companies in a joint venture for the next phase of exploration.

Slate Bay Project

The Slate Bay property is located along the Red Lake “Mine Trend”, less than 10 kilometres northwest of Goldcorp’s producing Campbell and Red Lake Mines. Previous exploration on the property has intersected thick zones of copper-gold mineralization hosted by breccias and veins. Previous drill programs by the Company on the Slate Bay project identified a large copper-gold-silver mineralized skarn system, considered to be the most intense ever encountered in the Red Lake mining camp.

Grades of up to 7.2 g/t gold, 5.81% copper and 183 g/t silver were identified within considerably longer sections of lower grade material attaining widths of over 100m. Canstar owns a 75% interest in the Slate Bay project with Luxor Explorations Inc., a privately held company, owning the remaining 25%.