International Star, Inc.


6 June 2016

Dear Shareholders and Friends of ILST, I wanted to provide you with a corporate update.


Management continues in its efforts to raise the capital to progress the Van Deemen gold project through permitting and into production. Non-dilutive capital raising has been and continues to be the number one priority. To say it has been extremely difficult would be an understatement.
Despite the challenges, the Van Deemen is a ready to go project, drilling done, metallurgical testing done, some permitting work done, and a Technical Report (equivalent to the Canadian 43-101) is in progress, but need funds to pay the geo and engineer to complete. The report is important as it will allow us to state the mineralization of the deposit which is the base for the mine planning and project financials to move the project into production.

We have people, working on a success fee basis only, in Israel, UAE, Australia, Canada, Switzerland and the US marketing the placement to accredited investors. We are in fundraising discussions with a Canadian boutique investment bank focused on metals and mining.  They are confident they can raise the capital needed to bring the project on-line, but require an upfront engagement fee. The project has been submitted by our Swiss contact to Cannacord, a Canadian investment bank for review, and there are 2 meetings scheduled this week with potential investors.

Year End & Q1 Financials:

The 2015 Annual Financials and 2016 Q1 Financials have been posted on the Company’s website. Management will continue to utilize the corporate web site for these postings until such time as they receive the OTC Markets Pink Current designation.

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