Vanstar Mining Resources Inc. announced that it has reached an agreement with Mosaic Minerals Corporation ("Mosaic") whereby Mosaic will earn into Vanstar's Amanda property, located approximately 65 km northeast of the town of Namaska, Quebec. Mosaic will explore the Amanda project for its lithium and gold potential. In addition to several gold showings identified historically by prospecting and drilling, the Amanda property hosts numerous surface pegmatites containing various minerals associated with the possible presence of spodumene, such as beryl, caesium, tantalum and rubidium.

The presence of accessory minerals such as muscovite, garnet and tourmaline in the vicinity of these pegmatites is also described in various reports by the Ministere de l'Energie et des Richesses naturelles du Quebec (MERN). Following surface prospecting, MERN reported the presence of a minimum of 17 pegmatites on the Amanda property. Also, following analysis of historical drill logs from the Amanda project, the Company has identified the presence of other unrecorded pegmatites, in areas where none were noted on surface.

A rock sample taken from one of the 1 km-long pegmatites surveyed on surface by MERN returned 31 ppm Li, 17 ppm Be, 34 ppm Cs, 16 ppm Ta and 1,000 ppm Rb. In the western part of this pegmatite, drill hole AC 2010-12, located approximately 50 metres from the western edge of the Amanda property, intersected it, and the presence of pegmatites and spodumene was noted by the project's geologist. Based on historical data, no analysis has been performed to verify the presence of lithium in most of the pegmatites visited by MERN or in the drill holes.

Located for the most part near iron formations, these holes were designed to test various surface showings for their gold potential. In addition to intersecting several significant gold values at and near surface, these holes intersected several pegmatites that were not listed by MERN. Gold Showings.

The Amanda gold project was discovered in the 1990s. Under the terms of the agreement, Mosaic may acquire an initial 50% interest in exchange for $1 million in exploration expenditures and the issuance of 4 million shares to Vanstar over the next three years. Expenditure commitments would be as follows: $250,000, on or before the first anniversary: $250,000, On or before the second anniversary; and $500,000 on or before the third anniversary.

Share issuances will be as follows: 1,000,000 shares five business days after the Effective Date; 1,000,000 shares 5 business days after the first anniversary of the Effective Date; and 2,000,000 shares five Business days after the second anniversary of the Effective Date. Once the $1,000,000 in expenditures are completed and the shares issued, Mosaic will have earned 50% of the project. Vanstar would then have the option to participate in a 50-50 joint venture or allow Mosaic to acquire an additional 30% interest in exchange for filing a 43-101 resource report by the end of 2030.

Mosaic will be the operator of the project. The transaction is subject to regulatory approval. Qualified Person.

Mr. Gilles Laverdiere, P.Geo, consultant geologist and qualified person under NI 43-101 has reviewed and approved this press release.