Canstar Resources Inc.

Canstar Resources Inc.

November 28, 2006 09:00 ET

Canstar Announces Drilling Plans for Shrimp, Tahoe and Sunday Lake Properties in Northwestern Ontario

Awaits Newfoundland and Labrador Supreme Court Decision on Title Dispute on Mary March Property in Buchan's Area, Newfoundland

TORONTO, ONTARIO--(CCNMatthews - Nov. 28, 2006) - The Directors of Canstar Resources Inc. (TSX VENTURE:ROX) are pleased to announce that drilling programs are planned for three properties as soon as feasible and when drills become available.

On the 100% owned Shrimp and Tahoe Lakes properties in the Red Lake area of Northwestern Ontario, a minimum of 8 to 10 holes are planned in a first phase program to test a number of strong electromagnetic (EM) conductors in geological environments indicated to be highly favourable for VMS copper-zinc-gold-silver deposits as well as gold in iron formation.

On the recently acquired Sunday Lake property, in the Thunder Bay area, a minimum of 2 holes will be put down to investigate the source of a prominent, complex, reverse polarity magnetic anomaly, believed to be caused by carbonatite/kimberlite intrusives. Carbonatites are relatively rare carbonate rich intrusive rocks which world wide, host a variety of important economic mineral deposits including rare earth elements, phosphorous, niobium, uranium, thorium, copper, iron, titanium fluorine, zirconium and other rare elements.

Canstar has an option to earn 100% interest in the Sunday Lake property.

Canstar continues to closely monitor the Mary March property title dispute currently before the Newfoundland and Labrador Supreme Court. Canstar has the right to earn 50% interest in the property from Phelps Dodge Corporation and first refusal on the remaining 50%. This property is located in the Buchans area of Central Newfoundland. Previous limited drilling had identified very high grade VMS copper-zinc-gold-silver mineralization similar to the Buchans mines.

In 2000 Vinland Resources Inc. contested the title resulting in extended legal proceedings against the Mineral Claims Recorder which are still continuing. Canstar's legal counsel has advised that a resolution to this dispute by the courts is anticipated in early 2007. Canstar has planned a comprehensive drilling program to commence on the property as soon as a favourable decision is handed down.

On behalf of the Board of Directors

Harry J. Hodge, P.Eng.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Canstar, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Canstar's expectations are exploration risks detailed herein and from time to time in the filings made by Canstar with securities regulators.

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

Contact Information