Remstar Resources Ltd. (REM:CA)

Remstar Resources is a Canadian junior mining exploration company with a focus on rare-earth elements in Canada. It is led by a proven management team, with extensive experience in the resource sector. Remstar intends to acquire underdeveloped assets and create shareholder value through well thought out technical planning and successful exploration.

Significant Rare Earth Acquisition Near the Wicheeda Discovery in Carbo Area BC

The SNIP & Seebach Properties
Located in the Carbo area of northeastern British Columbia, 8 kilometers northwest of and along trend from Spectrum Mining's Wicheeda discovery.

• The Snip Property encompasses four claims totalling 1,835 hectares and the Seebach 02-03 Property consists of two claims covering approximately 790 hectares.
  
  
  
  The claims are located 80 kilometers northeast of Prince George, B.C. via Hwy #97, then east along the all weather Chuchinka Forest Service Road. The Snip and Seebach 02-03 Projects were acquired by the vendors in 2009 before there was significant staking in the area and before the announcement of the Wicheeda discovery.
  
  
  
• The Snip Property was staked to cover a distinct, oval, approximately 1 to 2 kilometer diameter, airborne magnetic low. The known REE occurrences in the Carbo area, such as the Wicheeda discovery, are related to regional magnetic highs and lows. The magnetic feature is flanked by two areas of above background magnetics, indicating a complex magnetic environment, similar to that observed at Wicheeda.

SNIP & Seebach Rare Earth Properties, Carbo Area British Columbia

• According to Graf et al. (2009) the Wicheeda discovery is comprised of several intrusive carbonatite bodies which form a northwest to southeast trend about 2 km wide by 15 km long. The Wicheeda "Main Zone" is coincident with an area of anomalous soil geochemistry of more than 400 ppm cerium, measuring about 500 by 1,000 m.
  
• The north side of the "Main Zone" is coincident with a magnetic geophysical anomaly measuring approximately 500 by 1,000 m. During 2008 and 2009, the "Main Zone" was drill tested with 15 drill holes at three sites. Highlights included:
  
  
  
  2008-02: 3.55% REE across 48.64 m
  
  2009-02: 2.2% REE across 144 m
  
  2009-07: 2.92% REE across 72

Remstar Management

Marc Levy

CEO and Director



Mr. Levy is the founder and former CEO & Chairman of Norsemont Mining Inc. (TSX: NOM), which he grew from a market capitalization of $1 million to over $100 million in less than 2 years. In the past 4 years, he has directly raised over $50 million in the resource and technology sectors. His dynamic personality, excellent communication skills and vision have contributed to his strong track record of success. He brings over 18 years of management and leadership experience in both private and public company businesses. Prior to his tenure with Norsemont, he held senior management positions with other private and public companies. He was Director of Sales for IP Applications Corp. where he was responsible for increasing sales by over 500%. He was Director of Sales at Look Communications (previously ID Internet Direct) which grew from a market capitalization of $20 million to $1.5 billion. He is currently a Director of Lornex Capital Inc., Remstar Resources Ltd., Milk Capital Corp., Sparrow Ventures Corp. and Rio Silver Exploration and an advisor to Emergeo Solutions Worldwide Inc..
Roop Mundi, LLB

Director



Mr. Mundi serves as Vice President, Business Development for Kingsdale Shareholder Services Inc., a Canadian shareholder services firm. Prior to joining Kingsdale, Mr. Mundi was a corporate finance lawyer at both Cassels Brock & Blackwell LLP and Goodman and Carr LLP.  Mr. Mundi's practice had an emphasis on public and private offerings, mergers and acquisitions and regulatory matters, primarily in the technology and mining sectors. Mr. Mundi acted as counsel on behalf of both issuers and investment dealers.  Mr. Mundi holds a law degree from the University of British Columbia , a Master's degree from the University of Toronto and a Bachelor's degree from North Carolina State University . Mr. Mundi is currently a director of two other companies listed on the TSX Venture Exchange. Mr. Mundi is also a member of the Canadian Bar Association and Ontario Bar Association.
Michael Hunter

Director



Mr. Hunter has more than 25 years of coal mine operational experience and has played a leading role in assisting Canadian coal companies to raise in excess of $75M. Prior to founding Coalhunter Mining Corporation, Mr. Hunter worked at Luscar Sterco in Alberta and at First Coal Corporation ("FCC") where he was instrumental in assembling the largest land position of any coal company in BC; with resources historically estimated to contain more than 1.5B MT. While at FCC, Mr. Hunter served as the Executive Vice President and managed the company's exploration and permitting activities.
Lawrence W. Talbot

Director



Mr. Talbot is a mining lawyer with over 23 years of extensive experience in all aspects of corporate acquisitions, takeovers, divestitures and reorganizations primarily with companies in the mining industry. Mr. Talbot is a director and/or officer of a number of public natural resource companies, including Cardero Resource Corp., International Tower Hill Mines Ltd., Wealth Minerals Ltd. and Balmoral Resources Ltd.
Previously, he was a partner in one of Canada's largest law firms, and now acts as general counsel to a select group of public companies.
Nilda Rivera

CFO
Ms. Rivera has over 15 years of experience in accounting, financial reporting and corporate governance mainly with public companies in the mining and high-tech sectors. Ms. Rivera is currently a director and/ or officer of various public companies including Lornex Capital Inc., Ultra Lithium Inc., Prescient Mining Corp., Sparrow Ventures Corp. and Sub Capital Inc.
Max Pinsky, LLB

Corporate Secretary
Mr. Pinsky is corporate and securities lawyer with over 20 years of practice experience with considerable experience in assisting companies in all stages of planning and corporate development. Mr. Pinsky has been a principal in several successful transactions in various businesses including environmental engineering, oil and gas, and real estate.

News Releases

Nov 22, 2010 - Remstar Signs Option to Acquire 60% Interest in SNIP Rare Earth Property, Carbo Area British Columbia

Remstar Resources Ltd. (TSX-V: REM) (Frankfurt: W2U; WKN: A0HM01) (the ?Company? or ?Remstar?) is pleased to announce that the Company has signed an option agreement with Zimtu Capital Corp. and 87...View More +