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UNION STAR METALS LTD Board/Management Information 2011

Jan 30, 2011

65987_rns_2011-01-30_c95024f8-2cf0-4f22-8d1f-aa396972f03a.pdf

Board/Management Information

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ABN 36 124 541 466

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ASX ANNOUNCEMENT

31 January 2011

SETTLEMENT OF ACQUISITION OF PERU MINERALS SAC

The board is pleased to announce that the Company has completed the settlement of the acquisition of 100% of the shares in the Peruvian based company Peru Minerals SAC. We also welcome our South American based directors Mr Mario Bolivar and Mr Alejandro Calderon to the Board.

We also thank Mr John Pritchett and Dr Phillip Rodionoff, who have resigned from the Board today, for their invaluable contributions to the company during their period on the Board.

For further information please visit our website at www.promesa.com.au or contact:

Solomon Majteles

Chairman

Promesa Limited

Telephone: +61 8 9278 2766

Email: [email protected]

Promesa Limited ABN 36 124 541 466 www.promesa.com.au Level 28, 140 St Georges Tce, Perth WA 6000 / PO Box 994, Subiaco WA 6904 Phone: 08 9278 2766 fax: 08 9278 2525