Alberta Star to Acquire Additional Ground Adjacent to Sabina Resources Golden Sidewalk Property in Red Lake, Ontario.VANCOUVER, British Columbia -- Tim Coupland, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Alberta Star Development Corp. (ASX ASX See: Australian Stock Exchange ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASXSF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ASX), listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. and on the OTCBB (ASXSF), is pleased to announce that it has entered into an agreement to acquire 2,880 acres adjacent to Sabina Resources Ltd. Golden Sidewalk property in Red Lake, Ontario Red Lake is a municipality and census subdivision 535 km north-west of Thunder Bay, Ontario, Canada. The municipality consists of 6 small towns ( Balmertown, Cochenour, Madsen, McKenzie Island, Red Lake and Staratt-Olsen) and has a local population of approximately 8,500 people. . Alberta Star's properties are located in Balmer assemblage volcanic rocks located on the west side of the Birch-Confederation greenstone belt adjacent to Sabina Resources Ltd. Golden Sidewalk Property. Balmer assemblage rocks are host to the major gold producers in the Red Lake Gold Camp, Placer Dome's Campbell Mine and Goldcorp's Red Lake Mine. Alberta Star's properties are located directly up ice from a gold grain in basal till anomaly identified in the Red Lake region by the Geological Survey of Canada during a regional till survey completed in the 1990's. Alberta Star has assembled a strategic land package in the Red lake gold belt. OPTION AGREEMENT - SHABU LAKE GOLD PROPERTY Alberta Star can earn a 100% interest, subject to a 2% net smelter returns royalty, in the Shabu Lake Gold claims (72 mineral claim units) by: 1. Paying $4,500 and issuing 25,000 shares on TSX Venture Exchange acceptance for filing. 2. Paying $90,000 in stages over 4 years and issuing 100,000 shares. Alberta Star may purchase half of the 2% NSR NSR abbr. normal sinus rhythm NSR Normal sinus rhythm, see there for a one time payment of 1 million dollars. ALBERTA STAR DEVELOPMENT CORPORATION Alberta Star is a leading Canadian mineral exploration company that identifies, acquires, finances and develops advanced staged gold properties throughout northern Canada. Alberta Star is primarily focused on the discovery of gold. It specializes on gold properties with strong data bases, that are fully permitted and drill ready for purchase or option. On behalf of the Board of Directors of ALBERTA STAR DEVELOPMENT CORP. Tim Coupland, President & CEO This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Without limitation, statements regarding potential mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. 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. |
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