Canstar Resources Inc.

Canstar Resources Inc.

May 18, 2006 09:00 ET

Canstar Updates Exploration Projects

TORONTO, ONTARIO--(CCNMatthews - May 18, 2006) - Canstar Resources Inc. (TSX VENTURE:ROX) -

In response to numerous queries from shareholders and investors with regard to the title dispute on the Mary March property, the directors would like to report on this and on the progress on other projects.

Mary March - The Directors are still awaiting a decision on the Appeals Hearing before the Newfoundland and Labrador Supreme Court, Trial Division. This hearing was held from January 23rd to 27th, 2006.

The delay is very problematical for Directors and management, who have plans in place to resume exploration on this property as soon as a favourable and clear decision is handed down. As soon as the Company receives any information on the timing of this decision, it will pass it on to the shareholders.

A deep penetrating, InfiniTEM ground electromagnetic survey was recently completed over a portion of the property immediately adjacent to, and on strike to the northeast with, the disputed AND property. Preliminary interpretation of the results did not indicate significant conductors. However we are still awaiting a final report.

Shrimp & Tahoe Lakes - Airborne electromagnetic/magnetic surveys over these properties have identified a number of bedrock geophysical anomalies, considered to have good potential for VMS base/precious metal deposits and iron formation gold deposits. A drill program is planned to test eight of these anomalies as soon as a drill is available. Drills and drillers are in very short supply at the present time.

Black River -This property is located in Nova Scotia and is considered to be prospective for Iron Oxide-Copper-Gold (IOCG) deposits. A previously undrilled coincident Induced Polarization (IP) and geochemical anomaly will be tested by drilling as soon as a drill in available, expected to be in June.

Slate Bay - This copper-gold property in the Red Lake area of N. W. Ontario is currently being reviewed by several companies with a view to a joint venture. Further exploration will require extensive deep drilling. Canstar would prefer a partner to share the higher expenditures required to develop this property.

We appreciate shareholders' support and patience especially with regard to the delays on the Mary March property dispute. We consider this our "Flagship" property and we are eager to resume exploration.

On behalf of the Board of Directors

Harry J. Hodge, P.Eng.

President & Chairman

WARNING: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Canstar, are forward-looking statement that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canstar's expectations are exploration risks detailed herein and from time to time in the filings made by Canstar with securities regulators.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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