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All Star Minerals PLC (ASMO)

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Tuesday 19 May, 2015

All Star Minerals PLC

Update re: CLNs and Investments

                             All STAR MINERALS PLC                             

                         ("All Star" or "the Company")                         

      Convertible Loan Note Extension, Issue of Equity and Capitalisation of Debt  

Further to the announcement on 30 September 2014, the Company has agreed with
the Convertible Loan Note holders listed in the table below, to further extend
the terms of the notes for a further period of 9 months from the Second
Extended Maturity Date.

 Second Extended Maturity Date   Principal Amount   Third Extended Maturity Date  
           8/1/2015                 £55,000                 8/10/2015          
          31/1/2015                 £27,500                31/10/2015          
          31/1/2015                 £27,500                31/10/2015          

The Convertible Loan Notes carry a coupon of 20 per cent per annum.

The coupon from the First Extended Maturity Date to the Second Extended
Maturity Date has been converted into new ordinary shares in the Company at a
price of 0.14 pence per share. Therefore the Company has issued and allotted
7,857,141 new ordinary shares which have today been admitted to trading on

Following this issue of equity the Company's issued share capital comprises of
687,785,461 ordinary shares of 0.01 pence per share. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company, under the Disclosure and Transparency Rules.

In addition, All Star announces that it has capitalised loans in its subsidiary
company, Blue Doe Gold plc ("Blue Doe"), whereby the sum of £130,307.16 has
been converted to 4,738,442 new ordinary shares of Blue Doe. Accordingly, All
Star now holds 54,738,442 shares in Blue Doe, equivalent to 55.24% of its
issued share capital.

The Directors of the Company accept responsibility for the content of this


All Star Minerals plc
Tomas Nugent, Chairman
Conrad Windham, CEO
01473 220 072

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

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