Nevada Star Resource Corp.
OTC Bulletin Board : NVSRF
TSX VENTURE : NEV

Nevada Star Resource Corp.

August 18, 2006 18:33 ET

Nevada Star Resource Corp.: Man Alaska Project Area 1

SEATTLE, WASHINGTON--(CCNMatthews - Aug. 18, 2006) - Nevada Star Resource Corp. (TSX VENTURE:NEV)(OTCBB:NVSRF) (the "Company" or "Nevada Star") Robert Angrisano, President and CEO of Nevada Star Resource Corp. announced today that Anglo American Exploration (USA), Inc. (AAEUS) has notified the Company of its intention to withdraw from the Exploration, Development, and Mine Operating Agreement with the Company on Area 1 of the MAN Alaska Project, effective September 14, 2006.

Over the past two years, AAEUS has spent in excess of US $3 million on exploration programs in Area 1. Work funded by AAEUS has included geophysical, geochemical, and a limited drill program (approximately 10,281 feet). Area 1, which encompasses 132,080 acres, consists of 2 main sections: Fish Lake (approx. 22 miles long and 2 miles wide) and Dunite Hill (approx. 12 miles long and 6 miles wide). AAEUS's drill program concentrated on a small section of the Fish Lake intrusion only and all other areas remain untested.

The Company is encouraged by the magnitude and level of nickel and precious metal mineralization that exists on the MAN Alaska Project and believes that Area 1 has significant potential for a major nickel or precious metal discovery.

Area 1 Highlights:

- Fish Lake contains four main areas of high mineralization: Tres Equis - 7% Ni, 7% Cu, 4 g/t PGE+Au+Ag; Lucky 7 - 0.16% Ni, 0.13% Cu, 0.2 g/t PGE; LFF - 1.1% Ni, 0.2% Cu, 0.2 g/t PGE; Ravine Gossan - 3.2% Ni, 1.4% Cu, 3% Co (massive sulfide in drill hole results, hole 8).

- Dunite Hill contains two major areas of interest: Dunite Hill Syncline - Hosts the highest geophysical conductivity intersection on the property (USGS Transect line G) which shows a high conductivity root zone beneath a wide funnel-shaped intrusion over 2 miles deep. This high conductivity zone plunges to the northwest toward a major gravity high and has never been drill tested. In addition, East Tangle has a Cu showing with assay grades from rock samples up to 6.6% Cu, 4.8 g/t Au, 45.7 g/t Ag, and 3% combined LREE. This 1/2 mile long area has had no follow-up exploration work.

- In addition, the project area hosts the potential for an open pit disseminated nickel operation with large intersections of disseminated nickel discovered in numerous drill holes. For example: MAN05-01A (Tres Equis) drill hole intersected 0.3% Ni, 0.1% Cu and 0.2 g/t PGE over 108 feet (includes 0.5% Ni, 0.2% Cu and 0.4 g/t PGE over 6.56 feet) from 327 foot depth. FL-009 (LFF) 0.33% Ni, 0.04% Cu and 2.2 g/t PGE over 10 feet from 108 foot depth and FL-006 0.26% Ni, 0.14% Cu and 0.25% PGE+Au over 246 feet from 852 foot depth.

The Company will be evaluating the results of all of the exploration carried out to date on Area 1 prior to announcing an ongoing exploration strategy for the property. Area 1 of the MAN Alaska Project remains one of Nevada Star's core assets and the Company will be in discussions with other companies interested in pursuing exploration of Area 1 as well as other areas of the MAN Alaska nickel-copper-PGE property.

Nevada Star Resource Corp. is a mineral exploration company that uses advanced technology to search for metals that are in high demand world-wide. In addition to the MAN Alaska property, Nevada Star currently has projects in Nevada and Utah. The Nevada and Utah properties, which are scheduled to go into production, are in joint partnership with Round Mountain Gold Corporation and Western Utah Copper Company, respectively. 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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