Proactiveinvestors Australia

COMPANIA MINERA DAYTON (CMD)

In December 2010 Lachlan Star acquired 100% ownership of the operating Compañía Minera Dayton (CMD) heap leach gold mine in Chile. CMD is an established mine with a long history in a highly prospective location with excellent exploration potential.

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BUSHRANGER (EL 5574)

Lachlan Star owns 100% interest in the Bushranger Project.  The Project lies within the highly prospective Ordovician Volcanics of the Lachlan Fold Belt in the Rockley-Gulgong magmatic arc. The project area hosts a variety of magmatic intrusive centres with shoshonitic monzonites and monzodiorites intruding their surrounding volcaniclastics and volcanic packages. These Ordovician volcanics host the North Parkes, Lake Cowal, Cadia and Ridgeway porphyry copper and gold deposits, and this style of deposit is the exploration target at Bushranger.

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PRINCHESTER

Lachlan Star owns three mining leases at Princhester, approximately 80km North West of Rockhampton, QLD.  The leases are ML5831, ML5832 and ML5847 and cover several magnesite deposits.  The Company plans to investigate the economic potential of these leases.

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Declan Franzmann - Executive Director

Mr Franzmann is a mining engineer with more than 17 years experience in operational mine management and engineering roles in Australia. His previous experience includes general and mining management roles at a number of gold, copper and base metal underground and open pit mines in Australia. Mr Franzmann operates Crosscut Consulting, a consulting company providing mine engineering and geology services.

Mick McMullen - Executive Chairman

Mr McMullen is a geologist with over 16 years experience in the minerals industry. He has extensive knowledge of the requirements for mine financing and development. He was a founding shareholder and Executive Technical Director of Tritton Resources Limited, a company that developed an underground and open pit copper mine in New South Wales prior to being acquired by Straits Resources Limited. Mr McMullen has extensive contacts within the mining finance world and for two years was the Manager of Audits for RSG Global, a significant minerals consulting business. During that time he has been responsible for the due diligence of numerous assets for financing institutions and as part of M+A activities. Mr McMullen was until recently the Managing Director of Northern Iron Limited, an ASX listed company that redeveloped an iron ore mine in Norway. He has a detailed knowledge of the debt and equity capital markets having raised in excess of $400 million in debt and equity over the past 7 years.

Peter Babin - Non-executive Director

Denver based lawyer with 30 years experience as a lawyer, including 9 years as General Counsel and later President of Royal Gold, a TSX and NASDAQ listed gold royalty company capitalised at $2.7 billion. Since 2004 he has managed his private interests which include the CMD operation and oil and gas ventures in the US.

Scott Perry Non-executive Director

Toronto based accountant with over 15 years experience in the financial management of gold mining companies in Australia, Russia and Latin America. Currently ExecutiveVP and CFO for Aurico, a TSX listed gold producing company with operations in Mexico with a market capitalisationof C$3 billion.

Robert Anderson - Company Secretary

Mr Anderson is a Chartered Accountant and has 20 years experience as an accountant and was previously CFO/Company Secretary for a number of ASX listed resource companies, responsible for the day to day finances of the companies. He has extensive knowledge of the requirements of the ASX and the Corporations Act.