SOURCE: First Light Resources, Inc.

November 15, 2005 09:00 ET

Chester Holdings Ltd. Approves Acquisition and Name Change to First Light Resources

SIMPSONVILLE, SC -- (MARKET WIRE) -- November 15, 2005 -- Chester Holdings Ltd. (OTC: FSLG) announced that effective November 9, 2005 the company has changed its name to First Light Resources, Inc. and has commenced trading on Pink Sheets under the new symbol "FSLG." Chester Holdings Ltd. shareholders approved the name change and the 1-for-1000 reverse split at a Special Meeting held on October 24, 2005.

All current Board members of Chester Holdings have tendered their resignations and have appointed John Sadowski, President, CEO and Director. Mr. Sadowski is a geologist with over 40 years of management and field experience and will assemble the management and operations team to execute the company's business strategy.

First Light Resources, Inc. is a natural resource company with mining and mineral leases in Northern Ontario, Canada. First Light Resources has conducted an aerial Magnetic and VLF-EM, fly-over survey of the property. This survey has identified 4 geological anomalies that will require additional investigation; however, the results are consistent with other gold formations in the area. This portion of Canada has been a source of gold production since the late 1800's.

Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.

Contact Information

    First Light Resources, Inc.
    Peter Fisher