Arizona Star Resource Corp.

Arizona Star Resource Corp.

December 19, 2007 15:14 ET

Barrick Acquires 94% of the Shares of Arizona Star Resource Corp.; Directors and Officers of Arizona Star Commence Transition

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2007) - Arizona Star Resource Corp. ("Arizona Star" or the "Company") (TSX VENTURE:AZS)(AMEX:AZS) announced today that Barrick Gold Corporation ("Barrick") has announced that it has acquired approximately 40.7 million shares of Arizona Star, constituting more than 94% of the common shares of Arizona Star on a fully-diluted basis, pursuant to its offer dated November 9, 2007. Arizona Star understands that Barrick intends to acquire the remaining outstanding shares by way of compulsory acquisition.

The board of directors of Arizona Star met earlier today and received resignations from Thomas Dawson, Rudi Fronk, Paul Parisotto and James Smolik as directors. Appointed in their place were Alex Davidson, Jamie Sokalsky, Nick Nikolakakis and James Mavor. Officer appointments made at the meeting included James Mavor, as treasurer, Richard Ball, as controller, and Faith Teo as secretary in place of Thomas Dawson who resigned as secretary. Jennifer Dawson also resigned as assistant corporate secretary. The board also resolved to update the committee structure and subsidiary officers and directors to reflect its reconstituted membership.

About Arizona Star Resource Corp.

Arizona Star owns a 51% interest in the Cerro Casale - one of the world's largest undeveloped gold-copper deposits.


Paul A. Parisotto, President & CEO

The TSX Venture Exchange neither approves nor disapproves the information contained in this News Release.

Contact Information

  • Arizona Star Resource Corp.
    Paul Parisotto
    President and CEO
    (416) 359-7808