PNS

Pinestar Gold Inc. (TSX VENTURE:PNS) ("Pinestar" or the "Company") is pleased to
announce that it has now received complete assays from thirteen holes of its
ongoing diamond drill program on the Becker Gold-Silver property in Chile. These
holes are part of a 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.
Significant gold, silver and / or copper and zinc intercepts worthy of follow up
drilling were obtained from the six holes detailed in the table below. 


Jeremy Ford, President and CEO of the Company, states that "the drill results
released today from our reconnaissance program indicate to the Company that the
Becker vein systems have excellent potential to develop high grade gold and
silver resources and the Company intends to follow up aggressively with a second
phase of more detailed drilling".


Highlights



--  Significant new gold-silver +/- copper-zinc intercepts from the Guindos
    vein systems, include highs of: 1.7 metres grading 6.8 g/t Au and 16.6
    g/t Ag in BK11-03, 2 metres grading 1.6 g/t Au, 10.7 g/t Ag, 1.57% Cu
    and 1.03% Zn in BK11-12 and 1.9 metres grading 7.3 g/t Au and 1.9 g/t
    Ag. 
--  Prior surface channel sampling of the Guindos vein systems returned
    highs of 8.3 g/t Au and 13.5 g/t Ag over 2.5 metres to 9.1 g/t Au and
    2.2 g/t Ag over 6.0 metres width. 
--  The Guindos vein systems at surface vary from 5-30 metres wide, contain
    individual veins from 1.5 metres to over 10 metres in width and can be
    traced over strike lengths of 200 metres to 600 metres. 
--  The Becker property covers at least two main vein systems, Guindos and
    Lajuelas, both of which have developed under low to medium sulfidation
    epithermal conditions and as such are similar to local past and current
    producers such as Yamana's Florida Mine. 
--  Following completion of the Guindos sector drilling, the Company plans
    immediately start drilling of the Lajuelas sector vein system were prior
    trenching returned peak values of 9.6 g/t Au over 7.5 metres width and
    12.2 g/t Au over 3 metres width. 



Phase I Reconnaissance Diamond Drill Hole Results 



                                                                        
Hole#         From(m)   To(m) Interval   Au g/t   Ag g/t     Cu%     %Zn
------------------------------------------------------------------------
                                                                        
BK11-02         17.4    19.6       2.2      1.9     12.2                
                                                                        
BK11-03         16.1    20.7       4.6      3.3      9.9                
 includes       19.8    20.7       0.9     13.3     14.1                
                33.0    35.4       2.4      0.7     17.2    0.23    1.84
                                                                        
BK11-05          9.4    11.0       1.6      1.4      4.3                
                                                                        
BK11-10         52.0    54.0       2.0      1.8      6.6    0.13        
                                                                        
BK11-11        101.0   103.1       2.1      0.4      8.5    0.47        
                                                                        
BK11-12        102.5   104.5       2.0      1.6     10.7    1.57    1.03
                                                                        
BK11-13          1.6     4.7       3.1      3.9      1.4                
 includes        2.8     4.7       1.9      7.3      1.9                



These six shallow holes are distributed at intervals of 100 metres or more along
three of the five main veins in the Guindos sector none of which have been
drilled in the past. All widths are core widths and true widths are not known at
this time, but will be less than core widths. The intersected gold-silver grades
in these holes are characteristic of gold-silver grades within and peripheral to
ore shoots at local mines on similar epithermal veins and indicate their
potential for economic mineralization. Drill holes BK11-01, 04, 06, 07, 09 and
09 encountered local sections geochemically anomalous in Au, Ag and or Cu, Pb
and Zn.


The Becker Gold-Silver Property 

The 2,000 hectare Becker property is located 250 kilometres south of Santiago in
the Chilean 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
property from Condor Resources Inc. 


Property Geology 

The Becker property covers part of a NE-SW trending roof pendant of Cretaceous
volcanics, subvolcanic porphyry bodies and sediments within Cretaceous
granodiorite. Gold and copper mineralization in the form of epithermal to upper
mesothermal veins, pipes and disseminations occur throughout this roof pendant
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 are similar to past and current producers in
the Coastal Gold Belt such as El Chivato, Chancon, Yamana's Florida Mine
(Measured and Indicated Resources, 3.9 million tons averaging 5.2 g/t Au, 23.4
g/t Ag and 1.39% Zn, Scott Wilson RPA 2006), Las Palmas, 10 kilometres northeast
of the Becker Property and the Chepica Mine, 25kilometres to the south. In all
of these locals 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.


Prior 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 square kilometres each. Individual veins vary from 1.5
metres 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 0.02 g/t Au and 1.23 g/t Ag over 3.5 metres width to
highs of 8.3 g/t Au and 13.5 g/t Ag over 2.5 metres width to 9.1 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 qualified person within the meaning of
National Instrument 43-101, and has reviewed the contents of this news release.
Mr. Walker is an independent consultant to the Company. Individual core samples
where halved using a diamond core saw, one half bagged and sealed on site for
assay the other half retained on site in sealed metallic core boxes for future
reference. All analyses were carried out at ALS Patagonia Laboratories,
Coquimbo, Chile. Routine gold analysis was carried out on 30g sub-samples using
a fire assay pre-concentration and atomic absorption spectro-photogrametric
(AAS) finish. Silver, copper, zinc and lead were also routinely analysed by ICP
following a hot four acid digestion. Samples with gold and or silver values
greater than 10g/t were re-analysed by fire assay and gravimetric finish.
Samples with copper, zinc and lead values over 1% were re-analysed using a
hydrofluoric-nitric-hypochloric acid digestion, hydrochloric acid leach and AAS
finish.


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 follow-up 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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