Pinestar Gold Provides Exploration Update on Becker Property in Chile

Pinestar Gold Inc. (TSX VENTURE:PNS) ("Pinestar" or the "Company") is very
pleased to have completed its initial 1,700 metre reconnaissance drilling
program on the Guindos section (in the northern part) of the Becker property, in
Chile. As reported in the Company's May 27, 2011 news release, channel sampling
on the Guindos vein systems returned highs of 8.3 g/t gold and 9.1 g/t gold over
2.5 and 6.0 metres respectively. The vein system at surface varies between 5 and
30 metres wide and contains individual veins from 1.5 metres to 10 metres in
width, and can be traced over strike lengths of 200 to 600 metres. 


The next stage of exploration at the Becker property involves opening up a small
roadway into a forested area, which will allow access to the Lajuelas section,
located in the southern part of the property. The surface sampling and showings
in this area appear to be very attractive, however this area has not yet been
subject to a drilling program.  


The road is expected to be completed in the later part of August. The Company
then intends to proceed with a new phase of reconnaissance drilling on the
Lajuelas sector, which the Company anticipates will include up to 4,000 metres
of drilling. If the reconnaissance drilling produces positive results, this
phase will be followed up by a definitional drilling phase to establish the
potential of the Becker property. 


The Company's CEO, Jeremy Ford, stated "We are very encouraged by our early
surface work in the Lajuelas section. We had some delays in getting onto this
part of our property, but are now very much looking forward to starting to drill
what we feel may be the most prospective area on the Becker Property". 


About Pinestar Gold Inc. 

Pinestar Gold Inc. (TSX VENTURE:PNS) is a junior exploration company focused in
Chile. Its principal property is the Becker property, located 250 kilometres
south of Santiago and 40 kilometres west of Talca, Chile. The property consists
of first rights over 1,800 hectares and covers several intermediate to low
sulfidation epithermal gold-silver vein systems at surface.


Qualified Person

Mr. Barry Price, M.Sc., P.Geo, is a qualified person within the meaning of
National Instrument 43-101, and has reviewed the contents of this news release.
Mr. Price is a director of the Company. 


FORWARD LOOKING STATEMENTS

This release contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation. 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 future exploration activities in the Lajuelas
section of the Becker property, or on the Becker property as a whole, 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 Company's ability to raise sufficient financing to
undertake exploration activities, the results of drilling and exploration
activities, that contracted parties provide goods and/or services on the agreed
timeframes, that equipment necessary for exploration is available as scheduled
and does not incur unforeseen break downs, 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;
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 other 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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