Mr. Grant Ewing reports

BLUE STAR GOLD ANNOUNCES $3.5M NON-BROKERED PRIVATE PLACEMENT

Blue Star Gold Corp. intends to complete a non-brokered private placement of up to $3.5-million through the issuance of up to 35 million common shares at a price of 10 cents per share. The private placement is subject to the approval of the TSX Venture Exchange.

All securities issued will be subject to a four-month-and-one-day hold period pursuant to securities laws in Canada and, where applicable, the exchange hold period. Finders' fees may be payable to qualified parties.

The company intends to use the net proceeds from the private placement of shares for general working capital purposes.

About Blue Star Gold Corp.

Blue Star is a mineral exploration and development company focused in Nunavut, Canada. Blue Star's landholdings total 290 square kilometres of highly prospective and underexplored mineral properties in the High Lake greenstone belt. The company owns the Ulu gold project, comprising the Ulu mining lease and Hood River property, and the Roma project. A significant high-grade gold resource exists at the Flood zone deposit (Ulu mining lease), and numerous high-potential exploration target areas occur throughout the company's extensive landholdings, providing Blue Star with excellent resource growth potential. The site of the future deepwater port at Grays Bay is 40 to 100 kilometres to the north of the properties, and the proposed route corridor for the all-weather Gray's Bay Road passes close by the Roma and Ulu gold projects.

Blue Star is listed on the TSX Venture Exchange under the symbol: BAU, the U.S. OTCQB Venture Market under the symbol: BAUFF and on the Frankfurt exchange under the symbol: 5WP0.

We seek Safe Harbor.