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Vanstar Modifies Stock Option Plan

LA PRAIRIE, QUEBEC -- (Marketwire) -- 05/03/12 -- Vanstar (TSX VENTURE:VSR) board of directors approved today changes to the Company's Stock Option Plan. The new Plan will now reserve 3,500,000 common shares of the Company for future option purposes, compared to 2,900,000 shares for the previous Plan. The options are available for officers, directors, employees and consultants of the Company. The new stock options Plan accounts for less than 20 % of the Company's outstanding shares. This modification is subject to the approval of the TSX Venture Exchange and the approval of Vanstar shareholders at the Special Annual General Meeting of shareholders to be held in June.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Source:
Guy Morissette
CEO
514-712-9753
www.vanstarmining.com

For info:
Momentum Public Relations Inc.
Maxence Gagne-Godbout
450-332-6939
mgagnegodbout@momentumpr.ca

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