SOURCE: Star Gold Corp.

May 05, 2011 08:00 ET

Star Gold Provides Update on Its Longstreet Project

POST FALLS, ID--(Marketwire - May 5, 2011) - Star Gold Corp. (OTCBB: SRGZ) is pleased to announce an update on its Longstreet Project in Nye County, Nevada, and its upcoming independent resource report. There are eight major targets in the project; West Main and NE Main (together the "Main" target), Opal Ridge, North, Spire, Red Knob, North Slope and Cyprus Ridge. After careful study of the data, it is apparent the Longstreet project is very similar in geology to the nearby Round Mountain open-pit heap-leachable deposit. Round Mountain boasts production of 10 million ounces of gold to date.

The Company believes the Main target currently holds the most promise within the project. Therefore, the initial primary targets of emphasis within the Longstreet project will be the NE Main and West Main sites. The NE Main site has a previously operated mine within its borders, and has recently received the most exploration with preliminary drilling of 300 test holes. The Company estimates the release of an independent technical report on Longstreet before the end of May 2011. Pending approval from the U.S. Forest Service, the Company will commence drilling selected targets with the expected completion of test holes by July 2011.

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 Gold Project, in Nevada, USA.

Disclaimer

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 www.sec.gov under "Search for Company Filings."

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