Star Minerals Renamed Navis Resources, Announces Private Placement and Option Agreement to Acquire Saskatchewan Helium Properties - Video News Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - February 3, 2016) - Star Minerals (CSE: SUV) has changed its name to Navis Resources to better reflect its change from a mineral-focused exploration company to one with a more diverse portfolio of assets. The company has entered into an option agreement, through related parties, to acquire Helium properties in Saskatchewan.

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The project area comprises 842 hectares of Helium property leases with a further 7,187 hectares pending approval. The agreement, subject to regulatory approval, calls for a cash payment of $25,000 and the issuance of 10 million shares.

The company recognizes that Helium reserves are reaching near critical lows, while advances in technology, medicine and manufacturing are driving the demand for this strategic gas. According to the United States Geological Survey, Helium prices have been accelerating while reserves in North America have been declining. Helium has the lowest boiling point of any element and will not solidify under normal conditions even at temperatures approaching absolute zero, making it useful as a coolant for superconducting magnets like those used in MRI machines and particle accelerators.

Structures within the southern Saskatchewan sedimentary basin create an ideal reservoir and trap to accumulate this inert gas.

The company intends to complete a non-brokered private placement of $100,000 through the issuance of approximately 6.7 million units at a price of $0.015 per unit, with each unit consisting of 1 share and a 2-year warrant exercisable a $0.05.

For more information on the company's other properties, please visit the company's new website www.naviscorp.com, or contact Michael Burns, President & CEO, at 306-715-6802 or by email at info@naviscorp.com.

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