ASX ANNOUNCEMENT 16 January 2012

COMPANY SNAPSHOT

ALOSDXESTLARI MINIETRAELSD LIMITED

mABN: 32 127 026 528

1

INITIAL DRILL RESULTS IDENTIFY GOLD ANOMALIES IN THE CONTESSA GOLD AREA, NED'S CREEK

CONTACT DETAILS

Bill Clayton, Managing Director

+61 8 9423 3200

41 Stirling Highway, Nedlands, WA, 6009

PO Box 985

Nedlands, WA, 6909 admin@lodestarminerals.com.au www.lodestarminerals.com.au

CAPITAL STRUCTURE

Shares on Issue:

116,489,477(LSR)

Options on Issue:

7,000,000 (Unlisted)

ASX: LSR

PROJECTS

Peak Hill - Doolgunna:

Base metals, gold

Penfold:

Nickel

Kimberley:

Nickel, copper, PGM's

HIGHLIGHTS

• Two encouraging Gold anomalies to 300ppb Au reported from the first drill assay results from widely spaced drilling in the Contessa Gold area, adjacent to tenements held by Dampier Gold.

• Immediate follow