Pinestar Gold Inc.

Pinestar Gold reports that as a result of a review by the British Columbia Securities Commission, it is issuing this news release to clarify and retract certain technical disclosure published on the Company's website and to clarify that it does not endorse certain statements made about the Company in a business journal.

Pinestar Gold is pleased to announce it has acquired an option (the 'Option') to purchase a significant package of exploration-stage graphite projects in Australia. The combined package is comprised of 11 tenements (the 'Optioned Properties') with a total area of 533 km2 located in four different states in Australia. The tenement package delivers [...]

Pinestar Gold is pleased to announce that it has successfully negotiated an access agreement with the owners of the surface rights over the Lajualas gold silver vein system on the Becker property, located in Chile. The Company will now immediately start road construction to provide access for a diamond drill program on the Lajualas system which is [...]

Pinestar Gold is very pleased to have completed its initial 1,700 metre reconnaissance drilling program on the Guindos section (in the northern part) of the Becker property, in Chile. As reported in the Company's May 27, 2011 news release, channel sampling on the Guindos vein systems returned highs of 8.3 g/t gold and 9.1 g/t gold over 2.5 and 6.0 [...]

Pinestar Gold is pleased to announce that it has now received complete assays from thirteen holes of its ongoing diamond drill program on the Becker Gold-Silver property in Chile. These holes are part of a 1,500 metre reconnaissance drill program designed to test the 'Guindos' sector, one of several swarms of gold and silver bearing epithermal [...]

Pinestar Gold is pleased to announce that it has now completed twelve shallow diamond drill holes totalling 914 metres on the Becker Gold-Silver property, located in Chile. These twelve holes are part of an ongoing 1,500 metre reconnaissance drill program designed to test the “Guindos“ sector, one of several swarms of gold and silver bearing [...]

Pinestar Gold wishes to announce that it has increased the total metres of planned drilling on its Becker property pursuant to its drilling contract (the “Drilling Contract“) with Energold Drilling Corp. (“Energold“), to 1500 metres. The Energold Contract, which was originally announced in the Company's news release dated February 21, 2011 [...]

Pinestar Gold is pleased to announce that it has closed its non-brokered private placement financing of units, pursuant to which the Company has issued an aggregate of 8,608,695 Units at a price of $0.23 cents per Unit, to raise total gross proceeds to the Company of $1,980,000. The Private Placement was originally announced in the Company's news [...]

Pinestar Gold wishes to announce that due to oversubscription in the private placement it intends to increase the size of its private placement of units announced in the Company's news releases dated March 10 and March 14, 2011. The Company will now issue up to 8,608,695 units at a price of Cdn$0.23 per Unit, to raise aggregate gross proceeds of up [...]

Pinestar Gold wishes to announce that it will conduct a private placement financing to raise gross proceeds of up to C$1,500,000 through the issuance of up to 6,521,739 units at a price of C$0.23 per Unit. Each Unit will be comprised of one common share of the Company and one half of one warrant. Each whole Warrant will allow the holder thereof to [...]