Lode-Star Mining Inc. 2016 Progress

CYPRESS, TX / ACCESSWIRE / February 17, 2016 / Lode-Star Mining Inc. LSMG continues progress under its '2016 Go Forward Project' with the project's goal of commencing mining operations in late 2016. Continuing what has been a 15 year, $5,000,000 process, the '2016 Go Forward Project' phases prior to mining operations include: permit submission & approval, property preparation, and financing.

"The Company's progress in the permitting process is proceeding according to plan, with a Q&A session with the Nevada Department of Environmental Protection (NDEP) in December 2015 yielding positive feedback. NDEP has endorsed, in principle, the Company's desire to store its waste rock underground and if the waste rock is needed to be brought to the surface we may backfill and remediate our historic abandoned mine shafts. This will save the company the significant time and expense of having to build a surface waste facility. Our next scheduled meeting is planned for early March 2016. We continue to work towards permit submission by mid 2016," said Thomas Temkin, the Company's Chief Geologist.

As the Company enters the financing phase of our '2016 Go Forward Project', it's important to note the foundational aspects of the Company's 2015 accomplishments:

- The Company acquired an interest in the Goldfield Bonaza property from Lode-Star Gold, Inc. on December 11, 2014.
- December 2014 through January 2015, the company made management changes to Mark Walmesley as the Company's Chairman & CEO, and Thomas Temkin as Chief Geologist, COO, and Director.
- Beginning 2015 the Company, for a period of 6 months, contracted the services of Dan Capparelli for guidance for development of its business and mine plan for the Red Hills and Church high-grade vein zones.
- In April the Company contracted Rubicon Environmental to lead its Permitting program.
- During August 2015, Management engaged Hydrogeologica for hydrology and Tierra Group for engineering thus rounding out its permitting team.
- Management completes corporate governance changes by December 2015, including DTCC eligibility submission, PCAOB auditor change, relocation of its principle office to Cypress, TX, filing of all delinquent U.S. tax returns, and filing of all Canadian tax returns.
- In December 2015 the Company began preliminary talks with Nevada Department of Environmental Protection.
- In December 2015 the Company engaged McClelland Labs to perform its Metallurgy. This is now completed, indicating an 85% recovery rate from conventional milling.

For completion in 2016's first quarter:

- Second meeting with NDEP to establish water monitoring well locations.
- Commence drilling of water monitoring holes.
- Establishing its toll milling circuit.

About Lode-Star Mining Inc.

Lode-Star Mining Inc., traded on the OTC Markets' OTCQB marketplace under the symbol OTCQB, is a U.S. based junior-tier mining company focused on the exploration, development, and production of North American mineral assets.

LSMG is the operator of the Goldfield Bonanza property, acquired under an option for development on December 11, 2014 from Lode-Star Gold, Inc., a private Nevada corporation. LSMG is the operator of the Goldfield Bonanza property and is currently developing a work program contingent upon receipt of necessary permitting and approvals.

Contacts for Lode-Star Mining Inc.:

Pam Walters
Lode-Star Mining Inc. investor relations
Phone : (281) 256-7101
E-mail : info@lode-starmining.com
Website: www.lode-starmining.com

Forward Looking Statements

This news release may contain forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause LSMG's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Forward-looking statements reflect LSMG's current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, investors should not place undue reliance on these forward-looking statements. Except as required by law, LSMG assumes no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.

SOURCE: Lode-Star Mining Inc.