ITEM 1.01 Entry into a Material Definitive Agreement.

On November 26, 2012, Lone Star Gold, Inc. (the "Company") and Deer Valley Management, LLC, a Delaware limited liability company ("Deer Valley"), executed Amendment No. 3 (the "Amendment") to the Investment Agreement between the Company and Fairhills Capital Offshore Ltd., a Cayman Islands exempted company ("Fairhills"), which was assigned by Fairhills to Deer Valley. The Amendment removed the Company's ability to obtain a written waiver of a fourteen-day waiting period following the delivery of a put notice to Deer Valley during which the Company may not deliver an additional put notice. The Amendment was filed as Exhibit 10.21 to the Company's Registration Statement on Form S-1 filed with the Commission on November 28, 2012.