Megastar Development Corp.
TSX VENTURE : MDV
FRANKFURT : M5Q

Megastar Development Corp.

March 25, 2008 07:00 ET

VTEM Geophysical Survey to Cover 100% Megastar Ralleau Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) - Megastar Development Corporation (TSX VENTURE:MDV)(FRANKFURT:M5Q) reports that the company has engaged Abitibi Geophysique Ltd. of Val d'Or, Quebec, and Geotech Ltd. of Aurora, Ontario, to conduct a helicopter-borne electromagnetic geophysical survey over Megastar's entire 100% owned Ralleau project area. The survey is scheduled to commence in late-April 2008, using a geophysical system known as Versatile Time-Domain ElectroMagnetics ("VTEM").

David Bikerman, President, stated, "This survey is a significant milestone for Megastar and the Ralleau project. The company has now committed significant exploration funds toward the large, untested Ralleau property. We look forward to analyzing the VTEM survey results this spring, and selecting promising drill targets to follow up on."

Megastar contracted Abitibi Geophysique in order to fly and analyze a series of flight lines totaling 1,456 line kilometers covering over 8,000 hectares. Flight lines will be closely spaced at 75 meter intervals, and positioned using a GPS device to accurately locate the proposed flight paths and a radar altimeter that is accurate to within 1 meter.

The VTEM system is one of the leading airborne geophysical systems in use today and is particularly suited to identifying deeply buried, conductive ore bodies. The VTEM system is renowned for its deep penetration, high spatial resolution and ability to detect and differentiate weak electro-magnetic anomalies at depth. VTEM has an impressive history of aiding experienced geophysicists in outlining favorable geology, structures, zones of conductivity, magnetic zones, and zones of alteration. This survey is intended to provide Megastar with priority drill targets.

ABOUT MEGASTAR DEVELOPMENT CORP.

Megastar Development Corp. is a resource company engaged in the acquisition, exploration and development of mineral properties in Quebec and British Columbia. Megastar is listed on the TSX Venture Exchange under the trading symbol "MDV" and on the Frankfurt Stock Exchange under the trading symbol "M5Q".

For further information, investors and shareholders are invited to visit the Company's website at www.megastardevelopment.com.

ON BEHALF OF THE BOARD OF DIRECTORS

David Bikerman, President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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