Star Uranium Corp.
TSX VENTURE : SUV

Star Uranium Corp.

December 20, 2006 16:53 ET

Star Uranium Announces Private Placement

SASKATOON, SASKATCHEWAN--(CCNMatthews - Dec. 20, 2006) - Star Uranium Corp. (TSX VENTURE:SUV) is pleased to announce a private placement of up to 1,923,077 flow-through units at a price of $0.65 per unit for total proceeds of $1,250,000. Each unit will consist of one flow-through common share and one-half of one share purchase warrant, of which one full warrant entitles the holder to purchase one additional flow-through common 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.

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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