AUSTAR GOLD ACQUIRES FULL CONTROL OF THE ROSE OF DENMARK MINE...

AUSTAR GOLD ACQUIRES FULL CONTROL OF THE ROSE OF DENMARK MINE
AuStar Gold Limited (ASX: AUL) (‘AuStar Gold’ or ‘the Company’) provides the following update
in relation to the Rose of Denmark (‘RoD’) gold mine and nearby tenement holdings:
Highlights
 AuStar Gold has acquired the remaining 51% interest in Mining Licence MIN5299; which
hosts the Rose of Denmark gold mine, from Shandong Tianye Real Estate Development
Group Co Ltd (‘Shandong’)
 The transaction includes other nearby gold projects located on MIN 5299, including Hunts
and Dempsey
 The purchase price comprises $225,000 in AUL shares subject to 12 months escrow and 45
million unlisted AUL options
 With RoD now under full control and ownership of AuStar Gold, prioritising and/or codevelopment
of RoD is currently being considered by the Board and Management.