Pinestar Gold Inc.: Becker Gold-Silver Property Drilling Update

Pinestar Gold Inc. (TSX VENTURE:PNS) ("Pinestar" or the "Company") is pleased to
announce that it has now completed twelve shallow diamond drill holes totalling
914 metres on the Becker Gold-Silver property, located in Chile. These twelve
holes are part of an ongoing 1,500 metre reconnaissance drill program designed
to test the "Guindos" sector, one of several swarms of gold and silver bearing
epithermal veins identified by the Company's prior surface exploration programs.
Assays are awaited. 


Highlights



--  Of the twelve diamond drill holes completed in the Guindos sector, seven
    cut significant vein intercepts of from 1.5 to 5.4 metres thick.  
--  Prior surface channel sampling of the Guindos sector veins returned
    highs of 8.27 g/t Au and 13.5 g/t Ag over 2.5 metres to 9.06 g/t Au and
    2.23 g/t Ag over 6.0 metres width. 
--  The Guindos vein systems at surface vary from 5-30 metres wide, are 1.5
    to over 10 metres in width and can traced over strike lengths of 200 to
    600 metres. 
--  The Becker vein systems appear to have developed under low to medium
    sulfidation epithermal conditions and as such have a similar geological
    setting to past and current producers in the Coastal Precious Metal Belt
    such as Yamana's Florida Mine.  
--  Following completion of the Guindos sector drilling the Company plans to
    immediately start drilling of the La Juelas sector veins, where prior
    trenching returned peak values of 9.6 g/t Au over 7.5 metres width and
    12.25 g/t Au over 3 metres width. 



The Becker property is located 250 kilometres south of Santiago in the Coastal
Precious Metal Belt and is readily accessible by paved and good gravel road from
the city of Talca, 40 kilometres to the southeast in Region VII, Chile. Pinestar
holds an option to earn up to a 70% equity interest in the Becker property from
Condor Resources Inc.


Property Geology

The Becker property cover part of a NE-SW trending roof pendent of Cretaceous
volcanics, subvolcanic porphyry bodies and sediments within Cretaceous
granodiorite. Extensive gold and copper mineralization in the form of epithermal
to upper mesothermal veins, pipes and disseminations occur throughout this roof
pendent generally associated with the sub-volcanic porphyries and healed fault
zones. Several sets of NW-NNW and E-W to WNW trending anastomosing and
bifurcating tensional faults cross-cut the volcanic package and are locally the
focus of auriferous epithermal to upper mesothermal quartz-sulphide veins and
clay-sericite-quartz alteration. Two main areas of such vein-alteration systems
have been identified to date on the Becker property: (a) the "Lajuelas" sector;
and (b) the "Guindos" sector. The veins are similar in both sectors, vary from
5-30 metres wide, are traceable for 200 metres to over 1 kilometre in length and
most contain variable amounts of gold-silver and or gold-silver-copper
mineralization.


Deposit Types

The Becker vein systems appear to have developed under low to medium sulfidation
epithermal conditions and as such have a similar geological setting to past and
current producers in the Coastal Gold Belt such as El Chivato, Chancon, Yamana's
Florida Mine, Las Palmas, 10 kilometres northeast of the Becker Property and the
Chepica Mine, 25 kilometres to the south. In all of these locales gold and
silver mineralization generally occurs in banded or fine grained quartz and or
quartz-sulphide veins, breccias, pipes and stockworks. Copper, zinc and lead are
also important by-product minerals in most areas.


Exploration Results

Guindos Sector 

Detailed geological mapping and channel sampling in this sector to date has
identified two clusters of banded to massive epithermal quartz - sulphide veins
covering at least 0.5 sq km each. Individual veins vary from 1.5 to over 10
metres in width, tend to occur in northwest trending swarms of 3 to 6 veins
within wider zones of clay-sericite alteration and have been traced over strike
lengths of 200 to 600 metres. Veins in both clusters contain trace to 5%
sulphide, mainly as pyrite and chalcopyrite. To date 40 representative rock chip
and channel samples have been collected from these two clusters. The northern
most of these, with 21 samples, contains the highest gold and silver values
range from a low of 0.021 g/t Au and 1.23 g/t Ag over 3.5 metres width to highs
of 8.27 g/t Au and 13.5 g/t Ag over 2.5 metres width to 9.06 g/t Au and 2.23 g/t
Ag over 6.0 metres width. This area is the site of the current drilling program
and is open to expansion to the northwest and southeast.


Qualified Person

Mr. Terence Walker, M.Sc., P.Geo., is a qualified person within the meaning of
National Instrument 43-101, and has reviewed and approved the contents of this
news release. Mr. Walker is an independent consultant to the Company. 


ON BEHALF OF THE BOARD

PINESTAR GOLD INC.

Jeremy Ford, President, Chief Executive Officer and Director

FORWARD LOOKING STATEMENTS

This release contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation, including predictions, projections
and forecasts. Forward-looking statements include, but are not limited to,
statements that address activities, events or developments that the Company
expects or anticipates will or may occur in the future, including such things as
the continuance of reconnaissance drilling on the Guindos sector of the Becker
property, future drilling plans with respect to the Lajuelas sector of the
Becker Property, other future exploration activities of the Company on the
Becker property, future business strategy, competitive strengths, goals,
expansion, growth of the Company's businesses, operations, plans and with
respect to exploration results, the timing and success of exploration activities
generally, permitting time lines, government regulation of exploration and
mining operations, environmental risks, title disputes or claims, limitations on
insurance coverage, timing and possible outcome of any pending litigation and
timing and results of future resource estimates or future economic studies.


Often, but not always, forward-looking statements can be identified by the use
of words such as "plans", "planning", "planned", "expects" or "looking forward",
"does not expect", "continues", "scheduled", "estimates", "forecasts",
"intends", "potential", "anticipates", "does not anticipate", or "belief", or
describes a "goal", or variation of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved. 


Forward-looking statements are based on a number of material factors and
assumptions, including, the availability of suitable personnel to complete
drilling and other exploration activities, that equipment necessary for
exploration is available as scheduled and does not incur unforeseen break downs,
the occurrence of suitable weather conditions to conduct drilling and other
exploration activities, the results of past drilling and exploration activities,
that contracted parties provide goods and/or services on the agreed timeframes,
, that no labour shortages or delays are incurred, that plant and equipment
function as specified, that no unusual geological or technical problems occur,
and that laboratory and other related services are available and perform as
contracted. Forward-looking statements involve known and unknown risks, future
events, conditions, uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different from any future
results, prediction, projection, forecast, performance or achievements expressed
or implied by the forward-looking statements. Such factors include, among
others, the interpretation and actual results of current exploration activities;
changes in project parameters as plans continue to be refined; future prices of
minerals; possible variations in grade or recovery rates; failure of equipment
or processes to operate as anticipated; the failure of contracted parties to
perform; labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion of
exploration, as well as those factors disclosed in the company's publicly filed
documents. Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.
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