SOURCE: Star Gold Corp.

December 23, 2010 09:00 ET

Star Gold Corp. Adds Sam Nastat to Board of Directors

POST FALLS, ID--(Marketwire - December 23, 2010) - Star Gold Corp. (OTCBB: SRGZ) welcomes Sam Nastat as a new member of Star Gold's Board of Directors. Mr. Nastat brings a wealth of experience in the mineral exploration and development arena, as well as considerable expertise in capital venture markets as they relate to the resource sector both nationally and internationally.

"It is my pleasure to welcome Mr. Nastat to our distinguished Board. In our effort to build a solid foundation from which we can thrive, we continue to pursue high caliber professionals with the pedigree and vision to expand our corporate horizon," Lindsay Gorrill, President of Star Gold Corp. said. "Mr. Nastat will be a tremendous asset to our Management Team and will prove to be invaluable to the Company as we execute the next phases of our business plan."

Mr. Nastat has been involved in the resource sector and capital markets for over 20 years. He has experience with oil and gas exploration and drilling, as well as mineral exploration and development. For the last 14 years he has served as director of oilfield projects development for Code America Investments, has been asked to sit on several public company boards and helped fund and manage the largest placer Gold operation in the U.S. (Tule Canyon Mine). Most recently, Mr. Nastat was instrumental in arranging a 41,500 acre oil and gas project purchase from Damont Energy to Passport Energy ("PPO.C"). In the 1990's, Mr. Nastat helped fund and manage the Tule Canyon Mine in Gold Point, Nevada. This degree of operational experience is a major asset to any developing mining company and gives him a unique perspective on the industry.

In the late 1990's, Mr. Nastat was responsible for reconciliation of Midland Walwyn's (a Canadian brokerage firm that was bought out by Merrill Lynch) U.S. and European transactions which were cleared through its International Settlement Department. From 1997 to 2000, he worked as a private client group consultant at Merrill Lynch, collaborating with high net worth clients and developing investment strategies in various areas. During this time, Mr. Nastat gained extensive experience in the IPO and new venture funding markets. Since January, 2007, Mr. Nastat served as the President of Georgia Exploration, a publicly traded oil and gas company. He served as an Advisor of Altus Explorations Inc., a publicly traded oil and gas company, since February, 2006, and President of Altus Explorations Inc. from June, 2005 to February, 2006. Mr. Nastat also served as President of Soho Resources Corp., a publicly traded gold exploration company, from April, 2002 to January, 2004. From 2000 to present, he worked as Vice President of Project Development and Finance at Code America Investments, LLC, a private finance business. Throughout his tenure with Code America, Mr. Nastat has been able to finance many exploration projects in Texas, Wyoming and Alaska.

Sam Nastat possesses robust capital venture experience on both the buy side and sell side, from working in the field and drilling holes, to arranging financing and preparing investments for the market. His knowledge and expertise gives him the advantage of being able to make a resource sector company stand head and shoulders above the competition.

Mr. Nastat said, "I am excited to join Star Gold's management team and look forward to contributing to the Company's future development and expansion. My exposure to international operations and prominent companies in the resource sector over the years provides me great confidence in my ability to accelerate Star Gold's success in the marketplace."

About Star Gold Corp.
Star Gold Corp. is a gold and base metal exploration company with the purpose of evaluating, developing and acquiring gold projects of merit with a focus on the United States, Canada and Mexico. At present, Star Gold is focused on the exploration and development of its Excalibur Project and Longstreet Project, in Nevada, USA.

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Star Gold Corp (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at under "Search for Company Filings."

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