|By Marketwired .||
|February 3, 2014 11:24 AM EST||
SASKATOON, SASKATCHEWAN -- (Marketwired) -- 02/03/14 -- Star Minerals Group Ltd. ("Star" or the "Company") (CSE:SUV) is pleased to announce that Gary Billingsley has been appointed as director of the Company effective February 3rd, 2014. Mr. Billingsley previously served as Executive Chairman of the Board of Directors of Great Western Minerals Group Ltd. and currently serves on the Boards of Wescan Goldfields Inc., Canadian Platinum Corp. and Jiminex Inc.
Mr. Billingsley is a Chartered Accountant and a member of the Institute of Chartered Accountants of Saskatchewan; a Professional Engineer and a Professional Geoscientist and a member of the Association of Professional Engineers and Geoscientists of Saskatchewan. He has worked in the mining industry for the past 45 years. He started his career as a mine geologist working for companies including Granduc Operating Company (an affiliate of Newmont Mining), Hudson Bay Mining & Smelting Co. Ltd., and in surface exploration for Cominco Ltd., Sherritt Gordon and Hudson Bay Exploration and Development Ltd. In 1983, Mr. Billingsley joined Claude Resources Inc., serving as a director and officer until 1992. With Claude, he was a key part of the team that brought the Seabee Gold Mine (Saskatchewan's largest producing gold mine, having now poured over 1 million ounces of gold) into production, and participated in the discovery of diamond-bearing kimberlite in the Sturgeon Lake area of Saskatchewan. In 1993 and 1994, in his role as a consultant to Great Western Minerals, Mr. Billingsley led the team that discovered two diamond-bearing kimberlites at Candle Lake, Saskatchewan. In 1996, working with Shore Gold, he oversaw the exploration program that resulted in the discovery of the Star kimberlite at Fort a la Corne, Saskatchewan. Since 1998, Mr. Billingsley has focused on the rare earth industry and he formulated the "mine to market" strategy currently being implemented by Great Western Minerals through the active exploration and development of several rare earth projects along with operating two value-added manufacturing facilities specializing in the production of permanent magnet alloys.
Jim Engdahl, President and CEO, states: "I am pleased to welcome Gary to the Board of Star, and look forward to working with him again in the area of strategic mineral resources. Together we have considerable expertise with strategic metals right from exploration and development through to value-added manufacturing and knowing the end users. I believe that this knowledge and experience can establish Star as a significant player in one or more industries that rely on specific strategic resources."
About Star Minerals Group Ltd.
Star is a Canadian based junior exploration company focused on the acquisition and development of strategic resource properties on a worldwide basis.
Star trades on the CSE (formerly CNSX) under the symbol "SUV".
For more information, please visit our website at www.starminerals.ca.
Forward Looking Statements
This news release contains certain statements which constitute forward-looking statements or information ("forward-looking statements"). Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Star's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Star believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking information. As such, readers are cautioned not to place undue reliance on the forward looking information, as no assurance can be provided as to future results, levels of activity or achievements. Other factors that could materially affect such forward-looking statements are described in the risk factors in the most recent management's discussion and analysis that is available on the Company's profile on SEDAR at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Star does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
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