Uranium Star Corp.
OTC Bulletin Board : URST
FRANKFURT : YE5

Uranium Star Corp.

August 20, 2007 08:30 ET

Uranium Star's Extends Extensive Exploration Program

TORONTO, ONTARIO--(Marketwire - Aug. 20, 2007) - Uranium Star Corp. (OTCBB:URST)(FRANKFURT:YE5) is pleased to provide an update on exploration activities on the Sagar property in Northern Quebec.

Drilling

The extensive exploration program has been progressing with performance of the two drills meeting and exceeding schedules. To date, the summer 2007 program has completed a total of 97 reverse circulation (RC) drill holes for more than 1,500 meters drilled. More than 28 diamond drill holes have been completed with in excess of 2,500 meters having been drilled. Though a great deal has been accomplished, with more than 5 targets receiving varying intensity of drilling over an area greater than 20 km2 in size there is a significant amount of exploration drilling remaining to be done. Additional targets in other proximal areas will be drill tested within the next month.

Analysis

Analysis of more than 3,000 soil samples and 1,150 RC samples has been completed using the InnovX Systems X50 XRF mobile analyzer. The InnovX Systems mobile analyzer is a relatively new technology consequently all samples collected up to August 10th have been shipped to the ALS Chemex Laboratory in Val-D'Or, Quebec for verification. These samples are being submitted for gold by fire assaying and ICP multi-element analysis in order to provide reliable results on the Sagar property.

The gold found to-date at Sagar has been micron-sized and not visible to the human eye therefore it is necessary to have a commercial lab verify analytical results of any samples collected. It is management's hope that the full analytical/assay results of the program will be returned to Uranium Star by late October, however if partial results are made available earlier, management will endeavor to update shareholders as soon as possible.

Extended Exploration Program

Uranium Star has extended the exploration program by one month in order to do additional follow-up work on some of the highly prospective targets identified during the program. Two full work rotations have been completed by the on-site teams and a third has been added to accommodate the extended program. This extension has been prompted in part by the nature of the encouraging drill intersections discovered to date. A number of intersections, over 10's of meters, displaying similar alteration (sodic and hematitic) to that found in the famous mineralized Mistamisk boulders have been made. Attempts are being made to follow these structurally related alteration zones with the drills to ultimately intersect the potential source of the uranium and gold mineralized boulders.

The last portion of the program will be supervised on-site by Robin Chisholm, President of Taiga Consultants under the direction of F. William Nielsen, P. Geo. & Director.

Kirk McKinnon, President and CEO of Uranium Star, commented that "This exploration program has been an significant undertaking and we are extremely pleased with the excellent progress made so far. Given the type of altered rock we have been working in, we look forward to the lab results with great anticipation."

The Sagar Property is the Company's primary exploration focus as it possesses exceptional grades for both uranium and gold believed to be both related to the Mistamisk Boulder Field and to other potential sources on the property.

The Mistamisk Boulder Field is approximately 500 X 250 meters in size and contains many radioactive boulders. In a Virginia Mines report, 70 boulders assayed an average of 64.9g/t Au and 1.3%U (with values up to 4.11%U and 640 g/t Au).

Showings in the Red Tail area of the property have had rock samples with up to 0.5%U and 125g/t Au and showings in the Eagle area of the property have had rock samples with up to 2.9%U, 10.4g/t Au.

ABOUT THE COMPANY

Uranium Star Corp. is a rapidly emerging uranium exploration company with assets in Northern Quebec and Arizona. Its shares are traded on the OTCBB under the symbol URST, as well as the Frankfurt Exchange under the symbol YE5. The Company continues to focus on high priority property acquisition and exploration in order to underpin and augment the company's current property holdings.

Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.

Contact Information

  • The Buick Group
    Jon Ruby
    Toll Free: 1-877-748-0914
    Email: jruby@buickgroup.com
    or
    Uranium Star Corp.
    Kirk McKinnon
    President and CEO
    (416) 364-4986 or 1-800-818-5442
    or
    Uranium Star Corp.
    Richard Schler
    Vice President and CFO
    (416) 364-4986 or 1-800-818-5442
    Website: www.uraniumstar.com