SOURCE: Silver Star Energy, Inc.

November 03, 2005 09:00 ET

Silver Star Reports October Gas Production From North Franklin Totaling 87.87 Mmcf

LOS ANGELES, CA -- (MARKET WIRE) -- November 3, 2005 -- Silver Star Energy, Inc. (OTC BB: SVSE) today is pleased to announce the October gas production at the North Franklin Project, Sacramento, California. Production from the Company's two gas wells, the "Archer-Whitney #1" and "Archer-Wildlands #1," totaled 87.87 Mmcf.

This represents an 11% increase in production over last month. Based on the set gas price the project received for the month of October, the 100% net revenue interest revenue for the month is calculated at approximately $900,000. Silver Star's portion (32% N.R.I.) of the October net revenue after field operations costs has been estimated at over $280,000.

The average daily production rate for the month of October totaled 2.83 Mmcf per day, up from 2.56 Mmcf in September. The "Archer-Whitney #1 well" produced a total of 49.027 Mmcf and the "Archer-Wildlands #1 well" produced 38.846 Mmcf.

Company President Robert McIntosh states, "Silver Star is very pleased with the gas sales for the month and the Company's resultant share of revenue. At these current rates of production, this equates to an annualized gross revenue of $3.4 million per year to Silver Star."

ABOUT SILVER STAR ENERGY, INC.

The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.

Safe harbor for Forward-Looking Statements:

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Silver Star Energy, Inc. has little or no control.

ON BEHALF OF THE BOARD

Silver Star Energy, Inc.

Robert McIntosh-President

To find out more about Silver Star Energy, Inc. (OTC BB: SVSE), visit our website at www.silverstarenergy.com.

Contact Information

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    Silver Star Energy, Inc.