January 16, 2017 – Arctic Star Exploration Corp, (“Arctic Star” or the “Company”) (TSXV:ADD) announces that it has retained Momentum Public Relations Inc. (“MomentumPR”) to provide online investor relations services to the Company. MomentumPR, a Quebec-based company, is a public, investor and media relations agency serving publicly traded companies listed on the TMX and specializes in launching target awareness campaigns for small and medium-sized public companies. Momentum will assist Arctic Star in increasing public awareness of the Company by managing the Company’s corporate communications and marketing activities, and facilitating dialogue with the Company’s shareholders, finance professionals, analysts and media contacts. The principal of MomentumPR is Max Gagne. Mr. Max Gagne owns 400,000 shares and 400,000 warrants of the Company.
The agreement with MomentumPR is for six month commencing on January 1, 2017. Momentum will be paid a fixed fee of $30,000 plus any applicable taxes, payable at the beginning of the contract period. MomentumPR has also been granted 300,000 stock options exercisable for 5 years at a price of $0.085. The agreement with MomentumPR is subject to approval by the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
Patrick Power, President