Star Minerals Group Ltd. announced that all conditions precedent in the Option and Joint Venture Agreement with Great Western Minerals Group Ltd. ('GWMG') have now been satisfied or waived and that the Agreement is now in full force and effect. Star has the right to acquire a 25% participating interest in the Hoidas Lake Project by funding and completing a preliminary economic assessment in respect of the Hoidas Lake Project within two years. Upon successfully exercising the first tranche and acquiring a 25% participating interest, Star will have the right to acquire an additional 26% participating interest in the Hoidas Lake Project by funding and completing a "bankable" feasibility study in respect of the Hoidas Lake Project within four years of the acquisition by Star of the initial 25% participating interest in the Hoidas Lake Project, thereby giving Star a 51% ownership interest in the property.