Remstar Resources Ltd. announced unaudited consolidated earnings results for the first quarter ended October 31, 2011. For the period, loss was CAD 72,772 against profit of CAD 560,763 of prior year period. Comprehensive loss was CAD 70,434 against comprehensive earnings of CAD 560,304 for the comparable period of last year. Loss before other items was CAD 69,936 against CAD 174,317 of prior year period. Cash used in operating activities was CAD 100,547 against CAD 72,234 for the same period last year. Exploration and evaluation assets amounted to CAD 69,038. The company also incurred write-off of equipment of CAD 5,080 for the quarter.