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All Star Minerals PLC (ASMO)

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Tuesday 02 June, 2015

All Star Minerals PLC

Update


                             All Star Minerals Plc                             

                         ("All Star" or the "Company")                         

                                    Update                                     

Further to the announcements made 12 November 2013 and 16 June 2014, the
Company confirms that the agreement between its wholly owned subsidiary NQ
Mines Pty Ltd and Coffee Gold Pty Ltd in relation to "The Big One" project
ceased on 31 December 2014 and the project was not acquired.

Coffee Gold Pty Ltd has advised the Company that it disputes the automatic
cessation of the agreement and may take action, potentially seeking payment of
up to AUS$140,000, being the balance of the conditional consideration payable.

The Company's wholly owned subsidiary NQ Mines Pty Ltd resolutely disputes this
claim and will defend any claim bought against it.

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

Enquiries

All Star Minerals Plc
Tomas Nugent, Chairman
01473 220 072

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

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