GlobeStar
Mining Corporation New Director Appointed
TORONTO,
Ontario (May 10th, 2007) - GlobeStar
Mining Corp. announced today that its Board of Directors has appointed Stuart F.
Feiner as a director. Mr. Feiner, who currently serves as a consultant to
certain organizations, spent thirty years with Inco Limited, a leading
international metals and mining company that was recently acquired by
CVRD. His responsibilities during his career with Inco included
being a key member of the senior management team and leading or being a member
of the multi-disciplinary teams that successfully completed a range of
conventional and unique financings for Inco, and that evaluated or
completed all of Inco's principal acquisitions and divestitures ,
as well as having overall corporate responsibility for corporate
governance and disclosure matters, and structuring and
implementing the arrangements needed to advance the key mining projects
Inco pursued. After having served
in a number of positions at Inco during his career, including as Executive Vice
President, General Counsel and Secretary from August 1993 to March 2006, he
retired from Inco in the summer of 2006. Mr. Feiner has served on the boards of
a number of public and private companies and currently serves on the board of
one private software company.
GlobeStar's
Chairman, Larry Ciccarelli, stated, "We welcome Stuart to our Board and look
forward to taking advantage of the experience he brings given all of the projects around the world that he worked on for
Inco."
About
GlobeStar
GlobeStar
Mining Corp. is a well funded mine development company, developing the permitted
Cerro de Maimn copper/gold project, currently anticipated to be due for
completion in summer 2008. The Company is also aggressively exploring an extensive base and precious metals exploration portfolio in the Dominican
Republic with a US$ 4M exploration budget for nickel and copper/gold
exploration, including a 207-hole drilling program on the Company's nickel
concessions.
Contact:
GlobeStar
Mining Corporation
William
Fisher
or JP
Chauvin
CEO
President and COO
Email:
wfisher@globestarmining.com
Email: jp.chauvin@globestarmining.com
Tel.:
(416) 868-6678
Tel.: (416) 868-6678
Bay
Street Connect
Coal
Harbor Communications
Gus
Garisto
Dale Paruk
Email:
gus@baystreetconnect.com
Email: dale@coal-harbor.com
Tel.: (416) 607 6023
Tel.:
(604) 662-4505
Fax: (604) 662-4547
Reader
Advisory
The information in this news release may include certain information
and statements about management's view of future events, expectations, plans and
prospects that constitute forward-looking statements. Assumptions that are
subject to significant risks and uncertainties are the basis for these
statements. Because of these risks and uncertainties and, as a result of a
variety of factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and indicated by these
forward looking statements. Although GlobeStar believes that the expectations
reflected in forward looking statements are reasonable, we can give no
assurances that the expectations of any forward-looking statements will prove to
be correct. GlobeStar disclaims any intention, and assumes no obligation, to
update or revise any forward-looking statements to reflect actual results,
whether as a result of new information, future events, changes in assumptions,
changes in factors affecting such forward-looking statements or otherwise,
except as required pursuant to applicable securities
laws.