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All Star Minerals PLC (ASMO)

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Wednesday 28 October, 2015

All Star Minerals PLC

Update

ALL STAR MINERALS PLC

("All Star" or "the Company")

Update

All Star announces that its wholly-owned subsidiary, Drummond Minerals Pty Ltd (“Drummond”), has relinquished its remaining asset, the ESA phosphate and uranium prospecting tenement (the acquisition of which was announced on 25 September 2013). Drummond has subsequently started the process of dissolution.

Furthermore, the Company’s announces that Blue Doe Gold Pty Ltd, a wholly-owned subsidiary of Blue Doe Gold Plc (an entity in which the Company holds a 55.21% stake) has been dissolved. This is further to a member’s voluntary liquidation (“MVL”) of Blue Doe Gold Plc.

Following completion of the MVL process, Blue Doe Gold Plc’s principal asset which is 10,000,000 shares in NQ Minerals Plc (“NQ”), will be distributed to Blue Doe Gold Plc’s shareholders on a pro-rata basis. All Star is due to receive 5,521,000 shares in NQ. As at the date of this statement the Company’s investment in NQ was worth £703,927.

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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