13 Aug 2009 14:30 Africa/Lagos
Hillary Clinton's 'Spread the Wealth' Call to African Oil Firms Praised by Gold Star Resources Humanitarian Society
"Oil and Gas Revenues Need To Become A Blessing Instead of a Curse in Africa"
VANCOUVER, Aug. 13 /PRNewswire-FirstCall/ -- "African oil and gas exploration companies need to listen to U.S. Secretary of State Hillary Clinton's call to spread the wealth in African nations where there is a definite need for improved medical, educational, and nutritional necessities," said Patrick Morris, spokesman of the Gold Star Resources Humanitarian Society (www.goldstarresources.com) based in Vancouver, British Columbia. "Oil and gas revenues need to be a blessing instead of a curse in Africa. The oil and gas industry operating in Africa must directly help Africans help themselves by reinvesting its revenues inside African countries," stated Morris. U.S. Secretary of State Clinton visited a number of African nations over the past week and specifically advocated for oil revenues to directly improve the lives of all Africans. The Humanitarian Society was created as part of Gold Star Resources Corporation (TSX-V;GXX; OTC Bulletin Board: GXXFF) and operates as a nonprofit organization seeking to contribute to the economic and social welfare of West African nations. Gold Star Resources is the first Canadian-based junior oil and gas exploration company focusing on 'onshore' projects in West Africa.
According to Morris, "African oil and gas exploration companies need to reinvest their revenues inside Africa because that action will immediately help the African people and galvanize economic growth on the African continent. It's critical for oil and gas companies, large and small, to look beyond just the energy resource wealth in Africa. We must as an industry help Africans overcome economic and social challenges. We must help African governments create a positive environment for stable economic and political growth. Africa today is what Asia was in the 1980s, a region of tremendous economic potential. I'm calling on my own industry leaders to reinvest their company revenues in the new Africa and become a true economic and investment partner."
Gold Star Resources Humanitarian Society recently announced that it will assist West African communities within the boundaries of Gold Star Resource Corp.'s initial permit area beginning in Liberia. "We will expand the program into our second largest concession acquisition, onshore Cote d'Ivoire and communities in the District of Aboisso, near the border of Ghana," Morris said. "The Society's mission is to contribute to a better way of life for the local people through humanitarian programs. Funding will be deposited on an ongoing basis to meet the needs of our agreements with the government."
Source: Gold Star Resources Corp.
CONTACT: Patrick Morris, President and CEO for Gold Star Resources Corp,
+1-604-641-4450, pm@goldstarresources.com
Web Site: http://www.goldstarresources.com/
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