Starlo Ventures arranges $750,000 private placement

Mr. Patrick DeWitt reports STARLO ANNOUNCES NON-BROKERED PRIVATE PLACEMENT Starlo Ventures Ltd. has arranged a non-brokered private placement of up to 15 million units of the company at a price of five cents per unit for aggregate gross proceeds of up to $750,000. Each unit will consist of one common share and one common share purchase warrant exercisable to purchase one common share at a price of five cents for a period of three years from the date of issuance. The private placement is subject to approval of the Canadian Securities Exchange. In addition, because the aggregate number of common shares to be issued under the private placement exceeds 100 per cent of the company's current issued and outstanding share capital, in accordance with CSE policies, the company will be seeking shareholder approval for the issuance of the aggregate common shares to be issued pursuant to the private placement by written consent. All securities issued under the private placement will be subject to statutory hold periods expiring four months and one day from the date of closing of the private placement pursuant to applicable securities laws. The company intends to use the net proceeds raised from the private placement for general corporate working capital purposes. We seek Safe Harbor.