SUV Navis Resources Corp

Star Minerals Group Ltd. ("Star" or the "Company") (CSE:SUV) is pleased to
announce that it closed the transaction previously announced in the Company's
news release dated December 18, 2013 (the "Transaction") with Shane Resources
Ltd. ("Shane"), pursuant to which Star purchased the Don's Lake, Munroe and
Brownell claims held by Shane, as well as a 1% net smelter royalty granted by
Golden Band Resources Inc. in respect of the Greywacke gold property in northern
Saskatchewan. The aggregate consideration paid by Star in connection with the
Transaction was $655,000, payable as to $55,000 in cash and 12,000,000 common
shares of Star at a deemed price of $0.05 per share (the "Consideration
Shares"). On December 27, 2014 Star consolidated its common shares on a 3:1
basis, and accordingly 4,000,000 Consideration Shares have been issued to Shane.
The Consideration Shares are subject to a statutory hold period expiring four
months after the date of their issuance.


The Company is planning a full data compilation and resource assessment of the
historic drilling (and assay testing) conducted to date on the Don's Lake claims
for Q2 2014. After the data compilation and the assessment of the resource
potential, the Company plans on conducting an aggressive exploration program,
including ground geophysics and drilling.


Star President and CEO Jim Engdahl says, "The acquisition of Don's Lake gives
Star a significant gold asset strategically located in the centre of the Seabee
gold camp. We look forward to the results of the upcoming resources assessment
and the continued development of the Don's Lake property."


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"), including statements
regarding project plans for 2014 and the continued development of Don's Lake.
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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Star Minerals Group Ltd.
Jim Engdahl
306-664-3828
306-244-0042 (FAX)
info@starminerals.ca
www.starminerals.ca

Navis Resources (CSE:SUV)
Historical Stock Chart
From Jun 2024 to Jul 2024

Navis Resources (CSE:SUV)
Historical Stock Chart
From Jul 2023 to Jul 2024