Vancouver, B.C., October 26, 2017. Desert Star Resources Ltd. (TSX-V: DSR) (“Desert Star” or the “Company”) is pleased to announce it has entered into a Communications Agreement with Tahltan Central Government relating to the Kutcho Project, which is located 100km east of Dease Lake, within the Tahltan Traditional Territory. As previously disclosed in the Company’s June 15, 2017 news release, the Company has signed an agreement to acquire the Kutcho Project from Capstone Mining Corp.
The Communication Agreement sets out a framework by which Desert Star and Tahltan Central Government agree to work together in a spirit of partnership. Our shared objective is to build a positive and mutually beneficial working relationship, including Tahltan membership and communities with respect to the activities undertaken on the Kutcho Project.
Desert Star President and CEO, Vince Sorace, commented: “The signing of the Communication Agreement marks an important milestone for Desert Star and the beginning of a long and prosperous relationship with Tahltan Central Government. We look forward to working with Tahltan Central Government to identify and maximize opportunities for membership and the communities.”
Tahltan Central Government President, Chad Day stated: “The Communication Agreement, which was developed by Tahltan Central Government, sets the tone and foundation for building a mutually beneficial relationship based on respect and open communication. We look forward to working with Desert Star to maximize opportunities for Tahltan as the Kutcho Project advances through the permitting process.”
President and CEO, Desert Star Resources Ltd.
For further information regarding Desert Star, please email firstname.lastname@example.org or visit our website at www.desertstar.ca.
Cautionary Note Regarding Forward-Looking Statements
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.
This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws, including statements with respect to the proposed Acquisition and the Company’s ability to successfully obtain all regulatory approvals and permits to commence and conduct mining operations.Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Desert Star believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, Desert Star’s ability to obtain all requisite approvals for the proposed Acquisition, including approval of the TSX Venture Exchange, the Company’s ability to raise sufficient capital to fund its obligations under the Acquisition or under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop Kutcho or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration, and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of Desert Star to obtain the necessary permits and consents required to explore, drill and develop Kutcho and if obtained, to obtain such permits and consents in a timely fashion relative to Desert Star’s plans and business objectives for the projects; the general ability of Desert Star to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of Desert Star’s management on the date the statements are made. Except as required by law, Desert Star undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.