Alberta Star Options 50% of the MacInnis Lake Uranium Project in Canada's Northwest Territories to Max Resource Corp.

VANCOUVER, British Columbia -- Alberta Star Development Corp. (TSX VENTURE:ASX)(OTCBB:ASXSF) -

Tim Coupland, President and CEO of Alberta Star Development Corp. (ASX), listed on the TSX Venture Exchange and on the OTCBB (ASXSF), is pleased to announce that the company has entered into an option agreement (the "Option Agreement") with Max Resource Corp. (TSX VENTURE:MXR) whereby Max can earn a 50% interest in Alberta Star's MacInnis Lake Uranium Project in Canada's Northwest Territories. Max Resource Corp. can earn its interest by making total cash payments of $30,000 to Alberta Star, incurring exploration expenditures totaling 2 Million dollars over five years and issuing 200,000 common shares, conditional on TSX Venture Exchange acceptance for filing. Alberta Star will be the operator of the project.

MACINNIS LAKE URANIUM PROJECT-OPTION AGREEMENT

Max has the option to earn a 50% interest in the MacInnis Lake uranium project from Alberta Star by:

1. Making cash payments totaling $30,000 ($15,000 on TSX Venture Exchange acceptance and $15,000 on the first anniversary from the date of acceptance).

2. Issuing to Alberta Star 200,000 shares of Max Resource Corp. upon TSX Venture Exchange approval.

3. By completing work commitments totaling CDN $2,000,000 over a five year period.

MACINNIS LAKE URANIUM PROJECT

The MacInnis Lake uranium claim block, is located in the Nonacho Basin 150 km northeast of Fort Smith, Northwest Territories and 275 km southeast of the city of Yellowknife, consists of 26,184.64 acres. The MacInnis Lake uranium claim block is known to have widespread surface uranium mineralization, and contains 28 high grade uranium showings that were drill discovered between 1954 and 1988. All uranium exploration and drilling datasets have been archived and recorded by the Geological Survey of Canada. Alberta Star's management believes the company will be recognized as a leader in Canadian uranium exploration with its recent uranium property acquisitions complete with historically archived uranium exploration work and drill datasets.

ALBERTA STAR DEVELOPMENT CORPORATION

Alberta Star is a Canadian mineral exploration company that identifies, acquires, finances advanced stage exploration projects in Canada. Alberta Star is focused in the discovery of uranium, base and precious metals.

ALLAN FELDMAN-INVESTOR RELATIONS

Investors are welcomed to contact Mr. Allan Feldman, Alberta Star's In-house Investor Relations and Corporate Communications Specialist, for all corporate updates at [phone].

ALBERTA STAR DEVELOPMENT CORP.

Tim Coupland, President & CEO

Erik Ostensoe P.Geo is the qualified person for the MacInnis Lake uranium project.

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.

Alberta Star Development Corp. (TSX VENTURE:ASX) (OTC Bulletin Board:ASXSF)