American Bonanza Gold Corp.

American Bonanza Gold Corp.
International Taurus Resources Inc.

International Taurus Resources Inc.
Fairstar Explorations Inc.

Fairstar Explorations Inc.

March 30, 2005 14:46 ET

Bonanza, Taurus and Fairstar Complete Merger and Fenelon Acquisition


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AMERICAN BONANZA GOLD CORP.

TSX SYMBOL: BZA

AND AMERICAN BONANZA GOLD MINING CORP.

TSX VENTURE SYMBOL: BZA



AND INTERNATIONAL TAURUS RESOURCES INC.

TSX VENTURE SYMBOL: ITS



AND FAIRSTAR EXPLORATIONS INC.

TSX SYMBOL: FFR

MARCH 30, 2005 - 14:46 ET

Bonanza, Taurus and Fairstar Complete Merger and
Fenelon Acquisition

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 30, 2005) - AMERICAN
BONANZA GOLD CORP. (TSX:BZA) ("Bonanza"), American Bonanza Gold Mining
Corp. (TSX VENTURE:BZA) ("Old Bonanza"), International Taurus Resources
Inc. (TSX VENTURE:ITS) ("Taurus") and Fairstar Explorations Inc.
(TSX:FFR) ("Fairstar") are pleased to announce that final orders of the
British Columbia Supreme Court have been obtained for the approval of
two statutory Plans of Arrangement for the merger of Old Bonanza and
Taurus to form American Bonanza Gold Corp. as well as the ownership
consolidation of the Fenelon gold project by the acquisition of
Fairstar's Fenelon interest into Bonanza.

With final orders of the Court now obtained, the companies have today
completed the Bonanza Plan of Arrangement to effect the merger and
Fenelon acquisition. Fairstar's Plan of Arrangement is complete subject
to the distribution of its Bonanza shares to its shareholders which is
expected to take place by April 7, 2005.

The shares of the successor company, namely AMERICAN BONANZA GOLD CORP.,
are expected to commence trading on The Toronto Stock Exchange at the
opening tomorrow, Thursday, March 31, 2005 under the symbol BZA. Trading
of the shares of Old Bonanza and Taurus were halted from trading on the
TSX Venture Exchange at the close of business yesterday, Tuesday March
29, 2005, and with the completion of the Arrangements, these two
companies will now be delisted from the TSX Venture Exchange.

AMERICAN BONANZA GOLD CORP. and AMERICAN BONANZA GOLD MINING CORP.

Brian Kirwin, President and Chief Executive Officer

INTERNATIONAL TAURUS RESOURCES INC.

Dr. William Bird, President and Chief Executive Officer

FAIRSTAR EXPLORATIONS INC.

Mr. Larry Nachshen, Chairman

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    American Bonanza Gold Mining Corp.
    Giulio T. Bonifacio
    (604) 699-0023
    www.americanbonanza.com
    or
    International Taurus Resources Inc.
    William Bird
    Toll Free: 888-827-6611
    or
    Fairstar Explorations Inc.
    George Tooley
    (514) 695-8080
    The TSX Venture Exchange and The Toronto Stock Exchange have not
    reviewed and do not accept responsibility for the adequacy or accuracy
    of this news release.