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

Alberta Star Development Corp.

September 27, 2005 10:00 ET

Alberta Star Acquires an Additional 11,776.2 Acres Increasing the Size of the Contact Lake Iron Oxide Copper, Gold, Silver, Uranium Project in Canada's Northwest Territories

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 27, 2005) - Tim Coupland, President and CEO of Alberta Star Development Corp. (TSX VENTURE:ASX)(OTCBB:ASXSF), listed on the TSX Venture Exchange (ASX) and on the OTCBB (ASXSF), is pleased to announce that the company has completed staking of an additional 11,776.2 acres on the northwestern extension at it's Contact Lake property located in the Northwest Territories, increasing the size of its 100% wholly owned Contact Lake iron oxide, copper, gold, silver, uranium project to 26,197.02 contiguous acres. The most recent property acquisitions include two former past producing high grade silver and uranium mines, the Bonanza and El Bonanza mines. The mines were formally owned by the Eldorado Mining Company which was subsequently acquired by the Canadian government as a crown corporation. Alberta Star continues to amass a number of advanced stage poly-metallic and uranium properties with archived drill data and advanced stage datasets as part of a greater regional acquisition strategy in Canada's Great Bear Region of the Northwest Territories.

CONTACT LAKE-5 YEAR CLASS "A" DRILLING PERMIT ISSUED-FULLY PERMITTED

Alberta Star has just been granted a Sahtu Land & Water Board Class "A" Land Use Permit for drilling at Contact Lake. The drilling permit is valid until August 24, 2010. Alberta Star is the first mineral exploration company in over 8 years to receive a "Class A-5 Year drill permit" in the Great Bear Lake Sahtu Dene Land settlement area for mineral exploration and drilling. Alberta Star is fully permitted for drilling.

NATIONAL INSTRUMENT 43-101 TECHNICAL REPORT COMPLETED ON THE CONTACT LAKE IRON OXIDE, COPPER, GOLD, SILVER AND URANIUM PROJECT

Alberta Star has recently completed and filed a comprehensive NI 43-101 report on the Contact Lake property with copper, gold, cobalt, silver and uranium mineralization identified in an iron, oxide, copper, gold ("IOCG") setting. The report can be viewed at www.sedar.com. The report was prepared in accordance with the guidelines of National Instrument 43-101 "Standards of Disclosure for Mineral Projects" and is based on data and geological information gathered form public sources, assessment files, historical information, federal government maps, reports and assessment files. The source information of data presented in this technical report is believed to be reliable and accurate.

CONTACT LAKE "IRON OXIDE COPPER/GOLD/SILVER AND URANIUM PROJECT"

The Contact Lake project now consists of eleven contiguous claims located 5 km southeast of Port Radium on the east side of Great Bear Lake in the Northwest Territories and 423 miles north of the city of Yellowknife, and now consists of 10,608.08 contiguous hectares (26,197.02 acres). The Contact Lake project is located 5 kilometers from two past producing silver and uranium mines, the Echo Bay Mine (produced 23,779,178 ounces of silver) and the Port Radium, Eldorado Mine (produced 15 million pounds of uranium, and 8 million ounces of silver). The Contact Lake Mine is a former past producer of silver and high grade uranium. The Contact Lake claim block and surrounding area covers extensive alteration zones including large intensely mineralized gossans that can be traced for over 1 kilometer in length and over 200 meters in width. This area has been under explored. The Contact Lake Mineral Belt is approximately 15 kilometers long. This is the northern extension of the same mineral belt that hosts Fortune Minerals NICO Gold deposit. These large scale deposits are of a class that includes the 2 billion ton Olympic Dam iron oxide, copper, gold, silver, REE and uranium (IOCG) deposits. The continuing search for iron oxide copper, gold, silver and uranium (IOCG) deposits has gained momentum in Canadian mineral exploration due to their large size potential and polymetallic grades of mineralization, including sizeable amounts of uranium. The current spot price for uranium is US $30.75 per pound.

ALBERTA STAR DEVELOPMENT CORPORATION

Alberta Star is a Canadian mineral exploration company that identifies, acquires, finances advanced stage exploration projects in Canada. Alberta Star is focused in the discovery of base and precious metals and uranium.

ALLAN FELDMAN-INVESTOR RELATIONS

Investors are welcomed to contact Mr. Allan Feldman, Alberta Star's in-house Investor Relations and Corporate Communications Specialist, for all corporate updates at (604) 948-9663.

ALBERTA STAR DEVELOPMENT CORP.

Tim Coupland, President & CEO

Dr. Hamid Mumim Ph.D., P.Eng. is the qualified person for the Contact Lake project.

This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve that involve various degrees of risk. The following are important factors that could cause Alberta Star's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

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

Contact Information

  • Alberta Star Development Corp.
    Tim Coupland
    President and CEO
    (604) 681-3131
    (604) 801-5499 (FAX)
    www.alberta-star.com