Star Uranium Corp.
TSX VENTURE : SUV

Star Uranium Corp.

January 02, 2007 15:55 ET

Star Uranium Announces Increase in Private Placement

SASKATOON, SASKATCHEWAN--(CCNMatthews - Jan. 2, 2007) - Rick Walker, President of Star Uranium Corp. (TSX VENTURE:SUV), announces that the Company's private placement of 1,923,077 flow through units announced on December 20, 2006 has been increased to 2,227,055 flow through units for total proceeds of $1,447,586.

The Company further announces that it will also be issuing up to 2,000,000 non-flow through units at a price of $0.65 per unit for total proceeds of up to $1,300,000. Each unit will consist of one non-flow through common share and one share purchase warrant entitling the holder to purchase one additional non-flow through common share at a price of $0.75 for a period of one year.

The funds raised by way of the private placement will be used for exploration of the Company's uranium properties and for general working capital purposes.

For more information please visit our website at www.staruranium.com.

ON BEHALF OF THE BOARD

Rick Walker, President

The TSX Venture Exchange Does Not Accept Responsibility for the Adequacy or Accuracy of This News Release.

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