Notice of Hearing: In the Matter of Mountainstar Gold Inc.

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, CHAPTER S.5, AS AMENDED

AND

IN THE MATTER OF
MOUNTAINSTAR GOLD INC.

NOTICE OF HEARING
(Subsection 127(9))

WHEREAS the Director issued an order under paragraph 2 of subsection 127(1) and subsection 127(5) of the Securities Act, R.S.O. 1990, c. S. 5 (the “Act”) on the 11th day of September, 2014 (the “Temporary Order”), a copy of which is attached, that all trading in the securities of MountainStar Gold Inc. (the "Reporting Issuer") whether direct or indirect, cease for a period of fifteen days from the date of the Temporary Order;

AND WHEREAS the Temporary Order was made because the Reporting Issuer failed to file the following continuous disclosure materials as required by Ontario securities law (collectively, the “Default”):

1. audited annual financial statements for the year ended April 30, 2014;
2. management’s discussion and analysis relating to the audited annual financial statements for the year ended April 30, 2014;
3. certification of the foregoing filings as required by National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings;

AND WHEREAS the Temporary Order was made because the Director was of the opinion that the length of time required to conclude a hearing could be prejudicial to the public interest;

AND FURTHER TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to subsection 127(7) of the Act at the offices of the Commission, 20 Queen Street West, 17th Floor, Toronto, Ontario Commencing on Tuesday, September 23, 2014, at 4:00 p.m.;

AND TAKE FURTHER NOTICEthat any party to the proceedings may be represented by counsel at the hearing;

AND TAKE FURTHER NOTICEthat upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to further notice of the proceeding.

DATED at Toronto this 23^rd day of September, 2014.