Alberta Star Development Corp.
TSX VENTURE : ASX
OTC Bulletin Board : ASXSF
FRANKFURT : QLD

Alberta Star Development Corp.

November 04, 2009 09:01 ET

Alberta Star Announces the Appointment of Investor Relations Consultants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2009) - Alberta Star Development Corp. (the "Company") (TSX VENTURE:ASX)(OTCBB:ASXSF)(FRANKFURT:QLD) is pleased to announce it has retained Progressive IR Consultants Corp. ("Progressive") as its investor relations and corporate communications service provider. Progressive is a Vancouver based company owned by Kris Kottmeier, an investor relations professional with over 13 years of experience providing investor relations services for public companies. Progressive has been retained for a period of one year, and will be responsible for the dissemination of corporate data packages, broker presentations, broker communications, mining analyst communications, attending trade shows and handling all shareholder enquiries regarding the Company. Progressive will receive $7,500.00 (plus G.S.T) per month in remuneration and be reimbursed for all approved expenses and the Company will grant Progressive stock options to acquire 500,000 shares in the capital of the Company at an exercise price of $0.20. The agreement and grant of options is subject to TSX Venture Exchange approval.

ALBERTA STAR DEVELOPMENT CORP.

Alberta Star is a Canadian mineral exploration company that identifies, acquires, finances advanced stage mineral exploration projects in North America. The Company is committed to creating long term shareholder value through the discovery of base and precious metals.

INVESTOR RELATIONS

Investors are welcomed to contact Andrew Mugridge or Benjamin Curry of Progressive Investor Relations for all corporate updates and shareholder inquiries at (604) 689-2881, or Allan Feldman (604) 948-9663, or Morgan Brewster, Corporate Development, Alberta Star at (778) 989-2739 or mbrewster@alberta-star.com.

Forward-Looking Statements

In the interest of providing the Company's shareholders and potential investors with information regarding the Company, including the appointment of Progressive as the Company's investor relations consultant, certain statements contained in this press release constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "potential", "target", and similar words suggesting future events or future performance. In particular, this press release contains, without limitation, forward-looking statements pertaining to the following: expectations of management regarding the engagement of Progressive and the effect of the engagement on the Company's operations.

With respect to forward-looking statements contained in this press release, we have made assumptions regarding, among other things: the ability of the Company to obtain the necessary TSX Venture Exchange approval required in order to proceed with the proposed agreement. Although the Company believes that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions, or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks, and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will not occur, which may cause the Company's actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, the following: that the proposed agreement may not proceed when planned or at all or on the terms and conditions set forth herein; the failure of the Company to obtain the necessary TSX Venture Exchange approval required in order to proceed with the proposed agreement and the other factors described under "Risk Factors" in the Company's annual reports and Form 20-F available in Canada at www.sedar.com, as well as on file with the U.S. Securities and Exchange Commission. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking statements contained in this document speak only as of the date of this document. Except as expressly required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events, or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Statements contained in this news release relating to future results, events, and expectations are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks, uncertainties, scheduling, re-scheduling, and other factors which may cause the actual results, performance, estimates, projections, resource potential, interpretations, prognoses, schedules, or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such statements. Such factors include, among others, those described in the Company' annual reports on Form 20-F on file with the U.S. Securities and Exchange Commission and available in Canada at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Alberta Star Development Corp.
    Tim Coupland
    President and CEO
    604.681.3131
    604.408.3884 (FAX)
    www.alberta-star.com