Alberta Star Development Corp.

Alberta Star Development Corp.

March 15, 2005 14:01 ET

Alberta Star Continues to Increase the Size of the MacInnis Lake Uranium Project in Canada


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ALBERTA STAR DEVELOPMENT CORP.

TSX VENTURE SYMBOL: ASX
OTC Bulletin Board SYMBOL: ASXSF

MARCH 15, 2005 - 14:01 ET

Alberta Star Continues to Increase the Size of the
MacInnis Lake Uranium Project in Canada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2005) - Alberta
Star Development Corp. (TSX VENTURE:ASX)(OTCBB:ASXSF)

Tim Coupland, President and CEO of Alberta Star Development Corp. (ASX),
listed on the TSX Venture Exchange and on the OTCBB (ASXSF), is pleased
to announce that the company has agreed to purchase a 100% interest in
7,231.00 acres adjacent to the MacInnis Lake uranium properties located
in the Northwest Territories from two private individuals.

PURCHASE AGREEMENT- MACINNIS LAKE URANIUM CLAIMS

Alberta Star has agreed to purchase a 100% interest, subject to a 2% net
smelter returns royalty ("NSR"), in these three additional MacInnis Lake
Uranium claims (7,231.00 acres) by paying $40,000 and issuing 350,000
shares, conditional on TSX Venture Exchange acceptance for filing.
Alberta Star may purchase half of the NSR for a one time payment of 1
million dollars.

MACINNIS LAKE -URANIUM PROPERTIES

The MacInnis Lake uranium claim block is now comprised of 26,184.64
acres and is located in the Nonacho Basin 150 km northeast of Fort
Smith, Northwest Territories and 275 km southeast of the city of
Yellowknife and, following completion of this transaction, will be
comprised of 26,184.64 acres.

Alberta Star, under the direction of Jan Klein M.Sc., P. Eng., P. Geo
its consulting geophysicist, is currently finalizing the planning of a
Megatem airborne geophysical survey over the MacInnis Lake Property. The
large scale and high transmitter power of this system allows for deep
penetrating exploration in the search for uranium deposits associated
with graphitic conductors. Inversion modeling of the data will map the
large foot prints of this type of deposits. Further detailed airborne
surveys will be conducted on the property later on this spring. Alberta
Star has adopted a strategy, which will allow the company to focus
largely on the exploration and development of the MacInnis Lake uranium
properties as uranium assets, as part of a long term strategy to take
advantage of the growth in the U.S. and world-wide electrical energy
demand. Based on uranium's current spot price of $21.75/lb and its
longer term price projections, Alberta Star, as operator of the MacInnis
Lake uranium project will prepare a comprehensive spring, summer
exploration program on the property to explore and expand known uranium
targets. Erik Ostensoe, P.Geo. is the Qualified Person responsible for
the technical information contained within this news release on the
MacInnis Lake Uranium Project.

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

Erik Ostensoe P.Geo is the qualified person for the MacInnis Lake
uranium 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.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Alberta Star Development Corp.
    Tim Coupland
    President and CEO
    (604) 681-3131
    (604) 801-5499 (FAX)
    www.alberta-star.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this news
    release.