Megastar Development Corp.
TSX VENTURE : MDV
FRANKFURT : M5Q

Megastar Development Corp.

July 07, 2008 09:30 ET

Megastar Acquires More Ground in Quebec

100% Owned Ralleau Property Now Represents Over 9,400 Hectares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2008) - Megastar Development Corporation (TSX VENTURE:MDV)(FRANKFURT:M5Q) reports that it has claimed an additional 37 cells contiguous and to the southeast of its Ralleau copper zinc project, located northeast of Lebel-sur-Quevillon, Quebec.

Dusan Berka, Chair of Megastar states: "These 37 new claims bring Megastar's total number of claims for the Ralleau property to 166, and increase the land under control by an additional 2,084 hectares for a total of 9,400 hectares. The additional staking is the result of regional compilation and recent work on our Ralleau Property which suggests a much more extensive favorable volcanic belt than originally interpreted. Located just south-east of the producing Langlois mine in the Lebel-sur-Quevillon camp, Quebec, the area is already known as fertile ground for volcanogenic massive sulfide (VMS) deposits. Considering that VMS deposits generally come in clusters, we have applied a larger scale perspective to the area in order to locate all favorable targets for drilling."

ABOUT MEGASTAR DEVELOPMENT CORP.

Megastar Development Corp. is a resource company engaged in the acquisition, exploration and development of mineral properties in Quebec and British Columbia. Megastar is listed on the TSX Venture Exchange under the trading symbol "MDV" and on the Frankfurt Stock Exchange under the trading symbol "M5Q".

For further information, investors and shareholders are invited to visit the Company's website at www.megastardevelopment.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Dusan Berka, P. Eng., Chairman of the Board

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

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