Coltstar Ventures - Corporate Update

About this update from Western Copper And Gold Corporation

[{"type":"text","content":"\nColtstar Ventures - Corporate Update\n\n Apr. 12, 2011 (Filing Services Canada) -- Coltstar Ventures Inc.  (CTR - TSX Venture)  Coltstar Ventures Inc. wishes to update its shareholders on our activities during the last year as well as present management's views on Coltstar's assets and our plans to develop them going forward.GLOBAL CONTEXTBefore delving into the operating details of the company, it is important to understand management's view of where a small junior like Coltstar sits in the global resources marketplace today and how we plan to prosper. In brief, it is our view that over the last 10 to 15 years the global market has seen both a dramatic increase in competition for resource projects and a commensurate decrease in the number of attractive advanced or \"brownfield\" opportunities that became available following the fall of the Soviet Union.   The emergence of additional competition in the form of financial players (hedge funds et al) as well as sovereign mining companies from the BRIC and other nations is well-established.  Additionally, increased commodity demand due to population and wealth increases around the globe have combined with the increased competition to make this business both more challenging and more attractive and profitable than ever before.  The key remains quality assets - either those that are well-known and therefore scarce, or early-stage and less well-known.OPERATING PHILOSOPHYThe management of Coltstar has significant experience in the global junior resource industry and has a track record of identifying, acquiring and developing very attractive projects.  Given the current context in which the mineral industry operates, and as a junior company with limited capital, we need to \"pick our spots\" and work strategically to secure quality assets that offer significant potential for increasing shareholder wealth and value.  This leads to a focus on three strategies:1.\tExploration Ground\tWe feel strongly that we are now coming into an era where there will be a proportionally greater emphasis placed on exploration.  This is due to the factors mentioned above and the obvious natural depletion of existing resources.  Given these realities, we feel that Canada is the number one place on Earth for a junior to...

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