Star Alliance International Corp., a Gold Mining Company, Signs Letter of Intent to Acquire 51% of Commsa, The Owner/Operator of Multiple Gold Mining Operations

The mining rights acquired cover an area of 12.5 miles along the Rio Jalan River in Central Honduras

WESTLAKE VILLAGE, CA / ACCESSWIRE / December 2, 2021 / Star Alliance International Corp. (OTC PINK:STAL) is pleased to announce that it has today signed a binding letter of intent to acquire a 51% stake in a gold mining project (Rio Jalan Project) in Olancho state in the highlands of Central Honduras. This project that runs along a 12.5 mile stretch of the Rio Jalan River is a peaceful agrarian area with only farmers and ranchers in the nearby five villages.

As a part of the agreement STAL will invest up to US$7.5 million for working capital and the growth of the project.

The environmental licenses have been obtained and exploration is ongoing. The mines are already producing gold and operations will be expanded early next year. Local small mining operations are producing a minimum of 250 to 300 oz of gold per site per month while losing approximately 50% of the recoverable gold particles. Our expanded operations, using modern equipment and our new Genesis program, should result in up to a 98% rate of recoverable gold, leading to significantly higher quantities of gold per site.

Richard Carey, CEO and Chairman of Star Alliance International, commented, "This is yet another step in our expansion plan for our Company. Upon close, STAL will generate significant revenues and of utmost importance the mine will be able to gain all the benefits of our Green, Environmentally Safe Genesis ore extraction process. As an important part of this transaction, we have agreed to continue the distribution of aid to the five local villages with 2% of mining profits per village to be used for expanded school facilities, a medical center, college scholarships and a community center to be used by adults and kids alike. Additional projects, beneficial to the community, may be considered in the future. Giving aid and support to the local community makes this project an exciting venture for me personally."

Richard continued "We expect to close this transaction by January 31, 2022. Keep watching, much more news and updates to come over the next few weeks."

About Star Alliance International Corp.

Star Alliance International Corp. ("the Company", "we", "us") was incorporated in the State of Nevada on April 17, 2014 under the laws of the State of Nevada.

In August 2019, following a change in control, the Company acquired the mining claims, buildings and equipment from Troy Mining Corporation. The Project is located at the base of the "gold mother lode" in one of the three major vein belts where the greatest concentration of minerals settled over the years in California.