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All Star Minerals PLC (ASMO)

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Tuesday 29 July, 2014

All Star Minerals PLC

Proposed Disposal


                             ALL STAR MINERALS PLC                             

                         ("All Star" or "the Company")                         

                               Proposed Disposal                               

The Company announces that its 53% subsidiary undertaking - Blue Doe Gold PLC
has entered into a conditional agreement to dispose of its Queensland,
(Australia) based tenements in Blue Doe, Eagle Hawk and Edward for a
consideration of 40,000,000 new ordinary shares in NQ Minerals Pty Ltd ("NQ
Minerals"). The consideration will represent 9.09% of the so enlarged issued
share capital of NQ Minerals.

NQ Minerals is an Australian Proprietary Company controlled by Mr Walter Doyle,
who has substantial experience in creating value for shareholders through
developing natural resource companies.

The disposal is conditional on the consent of shareholders of Blue Doe Gold PLC
which is being sought at a General Meeting to be held by the Company on 12
August 2014.


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
www.allstarminerals.co.uk

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

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