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All Star Minerals PLC (ASMO)

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Tuesday 16 September, 2014

All Star Minerals PLC

Convertible Loan Note Default


                             ALL STAR MINERALS PLC                             

                         ("All Star" or "the Company")                         

                         Convertible Loan Note Default                         

16 September 2014

All Star announces that it has received notification of a technical default on
the Convertible Loan Note ("CLN") that was issued to the Company by ISDX
listed, U3O8 Holdings Plc.

The CLN which was of £46,500 principal and carried a 10% per annum coupon was
issued on 8 October 2013. Under the terms the Convertible Loan Note is
immediately redeemable.

The board is in communication with U3O8 Holdings Plc about the situation and
will update the market in due course.

The Directors of the Company accept responsibility for the contents of this
announcement.

ENQUIRIES:

All Star Minerals plc
Tomas Nugent, Chairman
Conrad Windham, CEO
01366 500722

ISDX Corporate Advisor
Cairn Financial Advisers LLP
Liam Murray
020 7148 7900

a d v e r t i s e m e n t