Alberta Star Announces Increase In Brokered Private Placement.

VANCOUVER, British Columbia -- Alberta Star (OTCBB:ASXSF) (TSX Venture:ASX) previously announced on September 20, 2004 that it had engaged Pacific International Securities Inc. as lead agent for the private placement, on a best efforts basis, of up to 4.0 million Units at $0.27 per Unit. Alberta Star has now agreed to increase the number of units available in the over-allotment option by 1,300,000 units (the "Units") to provide in part for excess interest in the offering. The total size of the over-allotment option will now be for up to an additional 2,800,000 Units. Each Unit will consist of one flow-through common share and one half of one transferable non-flow-through common share purchase warrant (each whole such purchase warrant, "a Warrant"). Each Warrant shall be exercisable into one additional common share of the company for eighteen months following the closing date at an exercise price of $0.40 per common share. Other terms of the placement remain unchanged. The financing is expected to close on or before October 20, 2004. The private placement is subject to TSX Venture Exchange acceptance for filing.

On behalf of the Board of Directors of

ALBERTA STAR DEVELOPMENT CORP.

Tim Coupland,President & CEO 

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities act of 1933, as amended (the "U.S. Securities Act) or any state securities laws and may not be offered or sold within the United States or to a U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve that involve various degrees of risk. The following are important factors that could cause Alberta Star's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.