Canstar Resources, Adventus Zinc and Altius Minerals Announce the Consolidation of Newfoundland Zinc Exploration Projects

Canstar Resources Ltd. (“Canstar”) (TSX-V: ROX), Adventus Zinc Corporation (“Adventus”) (TSX-V: ADZN) and Altius Minerals Limited (“Altius”) (TSX: ALS) are pleased to announce that they have entered into a three-way definitive agreement (the “Transaction”) dated February 20, 2018 whereby Canstar will acquire the Newfoundland base metal exploration assets of Adventus and the Daniel’s Harbour Zinc Project from Altius in exchange for: (i) the issuance of common shares of Canstar to Adventus and Altius; and (ii) a funding commitment from Altius of $500,000 as part of a $750,000 private placement (as further described below).

As quoted in the press release:

Dr. David Palmer, Director of Canstar, commented, “We are pleased to enter into this transaction with Adventus and Altius. Canstar has long been a champion of the Mary March Project and the consolidation of these Buchans properties into a district-scale exploration project is a great opportunity for all Shareholders. We are pleased that Adventus and Altius share our enthusiasm for its potential and with the combined technical experience of all three companies and a new management team we will be able to advance exploration programs very effectively. We look forward to completing this transaction and commencing exploration.”

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