Megastar Development Corp. Signs Definitive Option Agreement to Acquire 100% Undivided Interest in Certain Mineral Concessions Known as the Rama De Oro Project Located in the State of Oaxaca, Mexico; Appoints Mr. David Jones to the Board of Directors
In connection with the Option, upon receipt of the required regulatory approvals, Mr. David Jones, President of Paradex and Minera Zalamera, will be appointed to the Board of Directors of Megastar and shall also become a technical advisor/consultant to the Company in relation to its exploration activities in Mexico. For the past 16 years he has worked extensively in epithermal precious metals system in Oaxaca and was responsible for targeting the recent discovery of Gold Resource Corporation's polymetallic Switchback mine. Mr. Jones was a board member of Cayden Resources Inc. and is currently a director of both Minaurum Gold Inc. and the private concern Acapulco Gold.