ALBUQUERQUE, NM — (Marketwire) — 08/22/11 — Lone Star Gold Inc. (OTCBB: LSTG) (“Lone Star” or “the Company”) is pleased to introduce the Company’s current leadership team members along with an overview of their business-building expertise, property assessment and acquisition skills, and resource development know-how.

Lone Star is led by Company President Dan Ferris, who brings a rich and diverse background of experience to the leadership team, from senior management to raising money, M&A activities, strategic marketing and fostering connections with high net worth individuals and major International corporations.

The Company is also pleased to announce the appointment of Geologist Miguel ‘Mike’ Jaramillo as VP of Exploration. Mike will oversee all of the ground work currently being conducted on Lone Star’s Mexico-based La Candelaria gold-silver project, and will assess future projects for the Company.

(See full profiles further below.)

“As in any resource venture, success is as dependent on a proven and capable leadership team as it is on physical assets,” said Daniel Ferris, Lone Star’s Company President. “And by drawing on the wide range of experience and industry connections this team represents, along with help from advisors and consultants as needed, we’re more than confident in Lone Star’s ability to not only maximize on the potential of our current portfolio to rapidly become a mid-tier producer in Mexico in the short term, but to also expand that portfolio according to our long-term strategy of having multiple operating gold and silver mines in North America.”

DANIEL FERRIS – COMPANY PRESIDENT

Dan Ferris started his career as a successful PR & Marketing man, specializing in Corporate PR, Government communications, and Luxury Goods. While with Freud Communications Ltd, he worked in the U.S. and the UK, serving International clients such as AOL TimeWarner, One&Only, Visit London, and Eurostar, among many others. In all, the stable of clients Dan looked after represented up to $1.6M in annual revenue to the firm.

Dan later started a communication and strategic marketing firm: Magnum Communications Ltd. From a start up of ~$16,000, Magnum grew to an annual turnover of ~$3.2M in year 3. The firm quickly became a market leader within the Luxury sector, and also handled Communications needs for both Public & Private firms, representing over 15 companies with turnovers of over $50M annually. Magnum subsequently developed a supplementary consultancy business, which guided businesses in raising finance, gaining sponsorship, and acquiring other firms.

Ultimately, Dan took on the role of raising money for Mergers, Acquisitions & Start-ups. Along the way, he established a reputation for being able to raise funds for projects ranging from construction to travel investments and mining. He recently worked with Fund managers to raise $4.8M capital in an initial round followed by $16.1M in a second round for a mining project in the DRC.

Over the years, Dan’s role as a consultant also established an invaluable network of connections to professionals and influential individuals in the finance and mining industries.

MIGUEL (MIKE) JARAMILLO – VP OF EXPLORATION

Mike Jaramillo represents the mix of experience needed in a VP of Exploration, from a broad in-field and industry business background, to a strong work history with major players, independent consulting, regional familiarity and local connections.

Over the years, Mike worked on dozens of mining projects throughout the Sierra Madre Occidental in the northern Mexican states of Sonora, Durango and Chihuahua. In 2009, he started his own Geo-Exploration company focused on mineral mining and the analysis and evaluation of investment projects. Drawing on his local contacts, knowledge and experience, he recently brought two projects into production.

Earlier in his career, Mike joined Mexico’s second largest mining company, Industrias Penoles. During his time with Penoles, Mike operated in the roles of Project Exploration Supervisor, Drilling Supervisor, Geophysical Exploration Supervisor, and performed project evaluations for multiple projects including the Santa Maria del Oro at Durango.

From 2005 to 2008, Mike worked as a consultant performing economic feasibility studies for multiple companies including USG de Mexico, Agnico Eagle de Mexico and Fresnillo PLC, Mexico’s second largest gold producer and the world’s largest primary silver producer.

Mike earned Geology and Engineering degrees from the University of Chihuahua, Mexico, in 1987. Since that time, he has continued his education through such courses and programs as Management and Supervision, Non Metallic Minerals Seminar, Training Techniques, Evaluation and Study of Mineral Deposits, and Geologist and Geochemistry Superficial Field Analysis.

ADDITIONAL INFORMATION
To learn more about Lone Star’s leadership team, the Company, and regular news updates, visit Lone Star Gold’s official website: http://www.lonestargold.com.

ABOUT LONE STAR: Lone Star Gold Inc. is a publicly traded (OTCBB: LSTG) gold exploration and development company based in Albuquerque, New Mexico. The Company’s aggressive acquisition and exploration approach is strategically focused on proven, stable precious metal regions in America and Mexico. Lone Star’s La Candelaria gold-silver project comprises ~1,976 acres (~800 hectares) of mining concessions located roughly 125 miles (200 km) southwest of the capital city of Chihuahua State, Mexico. Geological characteristics in the surrounding area indicate potential for gold and silver mining. In 2009, a preliminary geological survey and report* on the property found gold samples grading as high as 0.35 grams/ton (g/t), and silver samples grading as high as 89 g/t. The report estimated La Candelaria’s potential inferred resources as 10,312,898 ounces gold at an average grade of 0.20 g/t, and 215,697,280 ounces silver at an average grade of 40 g/t. Based on the 2009 report’s inferred resource estimates, the La Candelaria project represents a combined potential valuation of ~$16.33B.** No drilling has been done to date. The property is accessed via established roadways, and the nearby town of Tonachi includes an airstrip and telecommunication services.

ON BEHALF OF THE BOARD OF DIRECTORS,

Lone Star Gold Inc.
Daniel Ferris, Company President

This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Lone Star Gold Inc.’s current expectations and projections about future events, based on information currently available. The forward-looking statements found in this press release may also include statements relating to Lone Star Gold Inc.’s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Lone Star Gold Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

* Geological Survey of La Candelaria Property. Luis E. Olvera Rosas, Engineering Geologist, Oct. 2009
** Valuation based on preliminary study = 10,312,898 oz gold x $1400/oz + 215,697,280 oz silver x $34/oz (assuming 75% recovery rate)