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INTERNATIONAL STAR RECEIVES DEFAULT NOTICE
TUCSON, AZ/PR.COM/JUNE 6, 2017 International Star, Inc. (OTC: "ILST"), receives notice of default and
demand for payment from La Cuesta International, Inc.
Termination of Material Agreement:
On March 31, 2011, International Star, Inc. (the “Company”) entered into a 10 year lease for the
exclusive mining rights with a purchase option (the “Lease”) for a property in Arizona, known as the Van
Deemen Property. The claims leased from La Cuesta International, Inc. (“LCI”) consisted of the core
mineralization for the Van Deemen deposit.
The Lease required semi-annuals payments of ($10,000) Under the lease, the Company had the right
to purchase the Van Deemen Property for $200,000 by April 1, 2013. The Company did not exercise the
purchase option. The Company has been unable to make the last three semi-annual payments due its
financial condition. On May 19, 2017, the Company received a Notice of Default from LCI. The Company
is in default in the amount $25,000. Per the terms of the Lease, the Company has 30 days, from receipt
of such notice, to cure the default. We do not believe that we will be able to cure this default.
ILST holds 5 additional claims adjacent to the LCI property that would not be considered economic on
their own merit. However, due to the Company’s financial condition, its inability to secure debt or
equity financing, management has concluded that the Company’s continued operation as a mining
company is not feasible. If we secure financing, the Company will explore other business opportunities.
