Nevada Star Resource Corp.

Nevada Star Resource Corp.

March 23, 2005 06:00 ET

Nevada Star Resource Corp.: Anglo American Exploration 'USA', Inc. 2004 Ni-Cu-PGE Exploration Results for the MAN Alaska Project


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NEVADA STAR RESOURCE CORP.

TSX VENTURE SYMBOL: NEV
OTC Bulletin Board SYMBOL: NVSRF

MARCH 23, 2005 - 06:00 ET

Nevada Star Resource Corp.: Anglo American Exploration
'USA', Inc. 2004 Ni-Cu-PGE Exploration Results for the
MAN Alaska Project

SEATTLE, WASHINGTON--(CCNMatthews - March 23, 2005) - Nevada Star
Resource Corp. (TSX VENTURE:NEV)(OTCBB:NVSRF) ("Nevada Star") announces
the results of Anglo American Exploration (USA) Inc.'s (AAEUS") 2004
exploration program on Area 1 of Nevada Star's MAN Alaska property.
AAEUS spent approximately $950,000 USD on the 2004 program. Based on the
results of the 2004 program, AAEUS is moving forward with a more
extensive geophysical and drill program in 2005.

The AAEUS exploration program further advanced the
nickel-copper-platinum group element (Ni-Cu-PGE) potential in Area 1 of
the MAN Alaska Property. The program focused on the major Fish Lake and
Dunite Hill intrusions and was managed by AAEUS geologist Kevin Wells, a
qualified person as defined by National Instrument 43-101. The
objectives of the exploration program were to:

1. Fly an airborne magnetics-electromagnetics (Mag-EM) survey (1865 line
miles) using AAEUS's proprietary SPECTREM technology.

2. Undertake geological prospecting, mapping and drill core examination.

3. Complete a soil sampling geochemistry program over the Fish Lake and
Dunite Hill intrusions.

4. Combine the new geophysical, geological and geochemical data with
data from previous exploration programs in order to identify targets for
a spring 2005 drill program.

5. Complete structural interpretation of airborne magnetics.

6. Engage in community relations activities.

Electromagnetic Surveys

A SPECTREM airborne EM-mag survey was undertaken in July 2004; however,
the survey was terminated early because of technical problems associated
with the presence of thick conductive serpentinized ultramafics which
limited the depth penetration capability of the airborne system.

To achieve better depth penetration, AAEUS implemented a ground
geophysical program using a SQUID B-field sensor, which can detect large
conductive mineralized zones within serpentinized ultramafic units at
depths of up to 3,281 feet. The program was started late in the field
season and will be completed during the spring of 2005. The results of
the limited surveying in 2004 revealed detection of a strong 50 Siemen
conductor located on or adjacent to the basal contact of the Fish Lake
Intrusion. This highly conductive feature appears to be coincident with
a UTEM conductor identified by American Copper & Nickel Company, Inc.
("ACNC") in 1996.

Geological Prospecting

Prospecting and mapping during the 2004 field season was successful in
locating a number of disseminated magmatic sulphide occurrences in
ultramafic rocks and locally derived boulders in the Fish Lake
ultramafic complex. A review of previous ACNC drill core from this
complex confirmed the presence of disseminated type sulphides over
significant widths.

AAEUS assays of Tres Equis massive sulfide samples returned nickel
values up to 1% higher than previously determined. Grab sample
MAN-R-73251 assayed 6.68% nickel, 1.02% copper, 0.42% cobalt and 1.4 g/t
palladium, and sample MAN-R-73279 assayed 5.79% nickel, 5.45% copper,
0.33% cobalt, and 1.04 g/t palladium.

Geochemistry

The soil sampling program (2,922 samples) defined coincident Ni-Cu-PGE
anomalous sites in areas of known nickel sulphide mineralization and
outlined new potential target areas within the Fish Lake and Dunite Hill
intrusions. The results of the soil sampling program will be released
after completion of a full analysis by AAEUS.

Structural Interpretation of Airborne Magnetics

A detailed structural interpretation of the AAEUS's Area 1 of the MAN
Alaska Project area identified possible structural controls on the
formation and deformation of the Fish Lake and Dunite Hill intrusions
and related magmatic sulfide mineralization. The structural
interpretation was based on analysis of the regional and project area
airborne magnetic data and outlined a number of potential targets
warranting ground follow-up.

About the Joint Venture Agreement

Under the terms of the joint venture agreement, AAEUS can earn a 51
percent interest in the southern portion of the MAN property by spending
a total of $12 million USD by 2008. AAEUS has the right to increase
their interest an additional 19 percent by completing a positive
feasibility study, at its expense, and an additional 5 percent by
arranging production financing for both AAEUS and Nevada Star.

About the MAN Alaska Project

Nevada Star Resource Corp's 271 square mile Alaskan property, officially
called the MAN Alaska Project, is located 164 miles southeast of
Fairbanks and 248 miles northeast of Anchorage. Exploration by Nevada
Star began in 1995 in this large area which is characterized by its
extremely anomalous nickel, PGE, and gold concentrations.

Exploration results to date on the MAN Alaska property indicate that it
has the potential for a significant discovery of nickel, platinum-group
elements, and gold metals which are in high-demand but in short supply
globally, especially as the Russian Noril'sk supply diminishes.

The MAN Alaska Project, which consists of five distinct project areas:
Canwell, Rainy/ Eureka, Summit Hill, Dunite Hill/Fish Lake, and Broxson,
is supported by a solid infrastructure: it is accessible from two paved
highways and borders the Alaska Pipeline. View the project maps at
http://www.nevadastar.com/s/MANProject.asp for a breakdown of the
project areas.

The southern section (Area 1) of the MAN Alaska property is now under
joint venture with Anglo American Exploration (USA), Inc., who is
performing its exploration program pursuant to the agreement with Nevada
Star. AAEUS is a wholly owned indirect subsidiary of Anglo American plc,
a global leader in the mining and natural resource sector.

Nevada Star Resource Corp. is a mineral exploration company that uses
the most advanced technology to search for metals that are in high
demand world-wide. Nevada Star Resource Corp. currently has projects in
Alaska, Nevada and Utah. The Nevada and Utah properties are in joint
partnership with Round Mountain Gold, and Western Utah Copper Company,
respectively. Both properties are scheduled to go into production in
late 2005. For more information, including maps, photos and project
descriptions, visit: www.nevadastar.com.

This release was prepared by management of Nevada Star Resource Corp.
who take full responsibility for its contents. Neither the TSX Venture
Exchange nor the NASD OTC Bulletin Board have reviewed or accept
responsibility for the adequacy of this news release.

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