AuStar Gold Limited announced that Mr. Frank Terranova has been appointed as a director of the company. Mr. Terranova has accepted an offer from the company to take up the role of Chairman of the company. He was Chief Financial Officer and Managing Director of Allied Gold Mining Plc from 2008 to 2012, leading the company from a market capitalization of approximately AUD 80 million to a takeover at a valuation of AUD 560 million. He has a long and successful corporate career in the resources space with a particular concentration on the gold sector. Following early roles as group financial controller at Amcor Limited and General Manager at Normandy Mining Limited, where he oversaw a multi- billion dollar gold and commodity financial risk portfolio, he has served in executive and board capacities on several ASX gold and resources companies. Frank has an established track record of delivering strong returns for shareholders, extensive experience in the mining industry as well as deep expertise in capital markets, corporate finance, mergers and acquisitions.