|Vancouver, BC -- Starr Peak Exploration Ltd. (TSX-V: STE) (the "Company") announces that it proposes to raise up to $500,000 through a non-brokered private placement (the "Private Placement") of up to 4,347,827 units at a price of $0.115 per unit. Each unit will consist of one common share and one non-transferable share purchase warrant, with each warrant exercisable for a period of two years from the closing at a price of $0.15 per share. Finders' fees may be paid on the funds raised.
Completion of the Private Placement is subject to the approval of the TSX Venture Exchange.
The net proceeds will be used for general working capital.
For further information please contact:
Starr Peak Exploration Ltd.
Tom Kennedy, CEO
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.