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All Star Minerals PLC (ASMO)

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Monday 04 April, 2016

All Star Minerals PLC

Quarterly Update

4 April 2016

ALL STAR MINERALS PLC

("All Star" or "the Company")

Quarterly Update

The Company’s principal asset is its investment in NQ Minerals PLC (“NQ”), an ISDX traded security.  The Company has an interest over 5,519,545 ordinary shares in NQ, representing approximately 3.9% of NQ’s issued share capital, valuing the Company’s holding in NQ of circa £441,000.

The board of All Star notes the announcement by NQ on 22 March 2016, confirming that first round drilling of 2,661 metres had been completed at Ukalunda with a further 830 metres planned shortly.

From the drilling program, 1,423 samples were prepared looking to identify ore grades on copper, silver, lead, bismuth and gold. NQ have submitted the samples for assay analysis with results expected soon.

The board of All Star are encouraged with the update on drilling and progress.

All Star continues to seek other investment opportunities and is carefully managing its working capital position.

The Directors of All Star are responsible for the contents of this announcement.

ENQUIRIES:

All Star Minerals Plc
Tomas Nugent, Chairman
01473-220072

ISDX Corporate Adviser

Cairn Financial Advisers LLP
Liam Murray
020 7148 7900


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