Novastar Resources Ltd.
OTC Bulletin Board : NVAS

Novastar Resources Ltd.

April 05, 2006 09:05 ET

Novastar Resources Invited to Present at Upcoming Chicago Natural Resources Conference

WASHINGTON, DISTRICT OF COLUMBIA--(CCNMatthews - April 5, 2006) - Novastar Resources Ltd. (OTCBB:NVAS), has today announced that the Company will present at the Chicago Natural Resources Conference ("the Conference") to be held on April 28, 2006 in Chicago, Illinois. This conference will consist of numerous corporate presentations by various firms within the natural resources sector (i.e. Uranium, Crude Oil, Natural Gas, Gold, Silver, Copper). Specifically the conference will focus on exploration companies in the process of monetizing properties that contain valuable commodities. In its presentation, management of Novastar Resources will discuss the future utilization of Thorium in nuclear fuels to generate electricity, reduce nuclear waste, and eliminate weapons-grade plutonium.

Attending the Conference will be institutional investors, individual investors, and members of the media, with total attendance anticipated in the range of 400 to 600 people. The location of the Conference will be at the Crowne Plaza hotel, near O'Hare International Airport.

Speaking on behalf of Novastar Resources Ltd., will be the following:

Mr. Seth Grae -- President & Chief Executive Officer, Novastar Resources

Mr. Cornelius J. Milmoe -- Director, Novastar Resources

About Novastar Resources

Novastar Resources is a publicly traded company within the commercial mining sector and is a commercial mining firm engaged in the exploration of thorium, a naturally occurring metal that can be used to provide nuclear energy, with non-proliferation, waste and economic advantages, in comparison to standard uranium fuels. Novastar Resources' stock is traded and quoted on the OTC Bulletin Board under the symbol "NVAS.OB". Further information is available on Novastar Resources' website at www.novastarresources.com.

About Thorium Power

Thorium Power was founded in 1992 to develop technology invented by Dr. Alvin Radkowsky, the first chief scientist of the U.S. Naval Reactors program under Admiral H.G. Rickover from 1950-1972 and head of the design team of the first commercial nuclear power plant in Shippingport, Pennsylvania. Thorium Power was formed to develop and deploy nuclear fuel designs developed by Dr. Radkowsky to stop the production of weapons suitable plutonium and eliminate existing plutonium stockpiles. Thorium Power has been collaborating with nuclear scientists and engineers at Russia's prestigious Kurchatov Institute since 1994. For more information, please visit www.thoriumpower.com.

DISCLAIMER

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, statements regarding benefits of the proposed merger and other forward-looking terminology such as "may", "expects", "believes", "anticipates", "intends", "expects", "projects" or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. These risks, as well as other risks associated with the merger, will be more fully discussed in any joint proxy statement or prospectus or other relevant document filed with the Securities and Exchange Commission in connection with the proposed merger. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.

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