PNS

Pinestar Gold Inc. (TSX VENTURE:PNS) ("Pinestar" or the "Company") is pleased to
announce that it has successfully negotiated an access agreement with the owners
of the surface rights over the Lajualas gold-silver vein system on the Becker
property, located in Chile. The Company will now immediately start road
construction to provide access for a diamond drill program on the Lajualas
system which is expected to start later this month. 


"This agreement is a major step forward in advancing the project. The Company
firmly believes that the Becker vein systems have the potential to develop high
grade gold and silver resources," said Jeremy Ford, President and CEO of
Pinestar. 


Prior trenching of the Lajuelas vein system exposed a swarm of multiple gold and
silver bearing quartz-sulphide veins which vary from 5 to 30 metres wide and are
traceable for over 700 metres. Detailed panel sampling of these veins returned
peak gold values of 9.6 g/t over 7.5 metres width and 14.1 g/t over 3 metres
width. 


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 has completed the option exercise requirements to
earn a 51% interest in the Becker property from Condor Resources Inc.
("Condor"), and holds a further option to increase its interest in the Becker
property to 70% by completing additional work programs totalling CAN$400,000,
issuing an additional 200,000 common shares of Pinestar to Condor, and making an
additional cash payment to Condor of CAN$100,000 on or before June 29, 2012. 


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. Further
information concerning the technical information contained in this news release
and the Becker property can be found in the NI 43-101 Technical Report on the
Becker Epithermal AU - AG Property, Talca District, Region VII, Chile dated
November 9, 2009, prepared by Terence Walker, which is available under the
Company's profile on SEDAR. 


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 completion of the above-noted access road, planned drilling program on 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
road-building, drilling and other exploration activities, that equipment
necessary for construction or exploration is available as scheduled and does not
incur unforeseen break downs, the occurrence of suitable weather conditions to
conduct road construction, 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 equipment functions 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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