Urastar Energy Inc.

Urastar Energy Inc.

April 23, 2010 09:15 ET

UraStar Energy Inc. Appoints Charles W. (Bill) Reed to Board of Directors

VANCOUVER, CANADA--(Marketwire - April 23, 2010) - Urastar Energy Inc. (TSX VENTURE:URS) is pleased to announce that it has appointed Charles W. (Bill) Reed to its Board of Directors. Mr. Reed is a Registered Professional Geologist with over 40 years of work experience in the mining industry focused on exploring for gold-silver and porphyry copper-molybdenum deposits in Mexico, the United States and Latin America. Mr. Reed was directly involved in discovery and development of numerous ore deposits and mines which have produced several million ounces of gold and silver. Mr. Reed's most recent success was as co-founder and chief geologist of Paramount Gold and Silver Corp. (NYSE:PZG) where he was responsible for bringing its flagship San Miguel project in Chihuahua, Mexico into the Paramount portfolio of assets. Prior to joining Paramount, Bill was chief geologist (Mexico) for Hecla Mining Company (NYSE:HL) and prior thereto was employed by Echo Bay Mines and Occidental Petroleum.

"The addition of Bill to our Board is very significant for our Company's growth plan. Bill's expertise and experience in Mexico will allow us to aggressively acquire and develop precious metals projects in key geologic regions of Mexico. With the change of our focus to the very prolific mining areas in Mexico, Bill's knowledge of the geology of the district as well as his knowledge of the local business, language and community culture will be invaluable for us." said Mr. Elston Johnston, President of Urastar. 

The Company has granted Mr. Reed 250,000 stock options at $0.75 per share expiring March 31, 2014. 

UraStar Energy Inc. is an exploration stage company focused on exploring for precious metals in the historically mineral rich mining regions of Mexico.

On behalf of the Board of Directors

"Elston Johnson"

Elston Johnson, President.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

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