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All Star Minerals PLC (ASMO)

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Tuesday 30 September, 2014

All Star Minerals PLC

Further re proposed disposal


30 September 2014

                             ALL STAR MINERALS PLC                             

                         ("All Star" or "the Company")                         

                               Further Disposals                               

The Company announced on 29 July 2014 and 13 August 2014, that Blue Doe Gold
Plc, a 53 per cent subsidiary undertaking of the Company had obtained
shareholder consent to approve the sale of the Blue Doe tenement, Eagle Hawk
tenement and the Edward tenements to NQ Minerals Pty Ltd.

The Company announces that the sale of these tenements has now completed in
consideration for 40,000,000 shares in NQ Minerals Pty Ltd, representing
approximately 9.09% per cent of NQ Minerals Pty Ltd's issued share capital.

Furthermore, Blue Doe Gold Plc has withdrawn its application in relation to the
Edward Extension tenement (EPM 19806).

The Company's wholly owned subsidiary Drummund Minerals Pty Ltd has also
withdrawn its applications for the Bully Creek (EPM19858) and Plain Creek
(EPM19859) tenements.

As announced on 5 September 2014, the Company is currently reviewing a number
of attractive opportunities and is in active discussions with a view to
completing a transaction.

The board will therefore be updating the market in due course.

ENQUIRIES:

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

www.allstarminerals.co.uk

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

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