GlobeStar Mining Update on Cerro de Maimon Project

First Concentrate Shipment Scheduled

GlobeStar Mining Corp. (TSX:GMI) ("GlobeStar" or the "Company") is pleased to provide an update on the start-up activities at the Company's 100% owned Cerro de Maimon copper/gold project in the Dominican Republic.

Start-up and operation of the project's 1300 metric tonne per day ("mtpd") sulphide process plant and related facilities have continued essentially on a 24 hour basis since the beginning of September, except for a seven day period when the 800 hp ball mill motor failed to start and had to be removed from service. The motor was repaired on an expedited basis and returned to service and is currently operating normally.

The Company currently has approximately 900 tonnes of copper concentrate grading about 35% Cu, 90 gram/tonne Au, and 537 gram/tonne Ag in the concentrate storage area. Details are being finalized for the Company's first shipment of approximately 1,000 tonnes of copper concentrate to a smelter located in China. The first shipment is currently expected to leave the site on or about October 10, 2008.

As a result of high grade feed (about 5.5% Cu) to the sulphide process plant compared to a plan of 2.5% Cu mill throughput is currently limited to 55% so as not to overload the flotation circuit and ensure maximum recoveries. This head grade is approximately 220% above the design grade of 2.5%. Reducing the tonnage allows the plant to process the higher grade material in the flotation plant, whilst maintaining good copper recovery and satisfying production levels.

Commissioning of the 700 mtpd oxide gold and silver plant is nearly completed. Barring any unexpected delays, the Company currently plans to ramp up production of the oxide process plant during the first week of October. This is approximately 2 weeks later than previously disclosed due to the effort required in starting up sulphide process plant.

Power Plant

The 6.8 MW power plant operated with heavy fuel oil ("HFO") was fully commissioned in early September and has operated on a continuous basis since then.

A.E. Olson, M AusIMM, the Company's Vice President Projects and a Qualified Person as defined under Canadian National Instrument 43-101, supervised the preparation of and verified the technical information contained in this release.

About GlobeStar

GlobeStar Mining Corp. is a mining and exploration company, currently commencing operation of its permitted Cerro de Maimon copper and gold project in the Dominican Republic. The Company maintains a listing on the Toronto Stock Exchange (symbol: GMI).

Cautionary Statements Concerning Forward-Looking Statements

The information in this news release may include certain information and statements about the Company's view of future events, expectations, plans and prospects that constitute forward-looking statements, including the timing of the completion of all construction activities, the timing of completion of the commissioning of the sulphide and oxide process plants, the timing of start-up, ramp-up and design grades of the sulphide and oxide gold and silver processing plants, the commissioning and the start-up of all other aspects of the Cerro de Maimon project, the projections of the grades of material to be processed, the power plant start-up and operation, the completion of the water retention ponds, the co-disposal facility, and all other facilities; and the timing of shipment of copper concentrate, the costs relating to any of these commissioning, start-up or other related activities or requirements. These and other assumptions made are subject to significant risks and uncertainties. Because of these risks and uncertainties and, as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although GlobeStar believes that the expectations reflected in its forward-looking statements are reasonable, we can give no assurances that the expectations of any forward-looking statements will prove to be correct. GlobeStar disclaims any intention, and assumes no obligation, to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise, except as required pursuant to applicable securities laws.

SOURCE: GlobeStar Mining Corporation

GlobeStar Mining Corporation
Larry Ciccarelli
Chairman and Interim CEO
(519) 337-0535 ext: 224
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GlobeStar Mining Corporation
JP Chauvin
President and COO
(416) 868-6678
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Bay Street Connect
Gus Garisto
(416) 607 6023
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