Nevada Star Reports Results From 2004 Phase I Canwell Drilling Program on its MAN Alaska Property.

SEATTLE -- Nevada Star Resource Corp. (OTCBB:NVSRF) and (TSX VENTURE:NEV) ("Nevada Star") is pleased to announce drilling results from its phase I Canwell drill program on the MAN copper - nickel - gold, platinum group element project in the Delta River Mining District, Alaska.

The 2004 phase I drilling efforts were focused on testing shallow (less than 200 feet) targets on the Canwell copper-nickel-platinum group element prospect. Previous soil sampling along with 23 line-kilometers of Max-Min geophysics and 11 line-kilometers of ground magnetics revealed a +8 kilometer long Max-Min conductor along the eastern margin of the Canwell mafic-ultramafic complex. This anomaly extends north of the Odie showing where some of the highest Pt values in the project have been discovered in the past (17.5 gpt Pt, 15.5 gpt Pd, 15.3, 15.36% Ni, and 7.9% Cu). The geophysical conductor also coincides with anomalous talus-fine soil values including copper (high of 498 ppm, average of 182 ppm), nickel (high of 4,357 ppm, average of 2,230 ppm), platinum (high of 850 ppb, average of 142 ppb) and palladium (high of 303 ppb, average of 917 ppb).

On the strength of this data, a six hole (2,275 feet) reverse circulation drilling program was completed in September to test the combined soil - Max-Min targets. Drilling intercepted variably serpentinized gabbro, pyroxenite and dunite in the Canwell complex and younger intermediate intrusives on the eastern margin of the Canwell complex. Platinum and palladium values ranged from less than detection limits (-5 and -1 ppb, respectively) to highs of 174 and 128 ppb, respectively. Copper values ranged from 8 to 1,795 ppm while nickel values ranged from 9 to 6,220 ppm. Platinum and palladium are strongly correlative with each other and with nickel. Elevated platinum and palladium values are preferentially hosted in dunite-rich rock units while more differentiated gabbroic rock units contain only background levels of platinum and palladium.

Based on drilling results it is clear that the Max-Min geophysical anomalies are probably related to zones of strong serpentinization which post-date sulfide mineralization. Deeper geophysical targets (approx. 1,000 feet) have been identified using three-dimensional magnetic inversion modeling. This modeling suggests a possible sulfide enrichment zone near the base of the Canwell complex (approximately 1000 feet below surface). The Company is evaluating other geophysical methods to help refine these targets for a phase II diamond core drilling program in 2005.

All 2004 geochemical samples were analyzed by ALS Chemex for platinum, palladium and gold via fire assay techniques plus a multi-element suite via ICP methods with four-acid digestion. The qualified person responsible for this news release is Curt Freemen, M.Sc. P. Geo.

About the MAN Project

Nevada Star Resource Corp's (TSX-V: NEV)and(OTC-BB: NVSRF) 271 square mile Alaskan property, officially called the MAN Project, began in 1995 and is located 164 miles southeast of Fairbanks and 248 miles northeast of Anchorage -- an area characterized by its anomalously high nickel and PGE concentrations.

Exploration results to-date on the MAN property indicate that it has the potential for a significant nickel discovery, the platinum group elements, and gold, metals which are in high-demand but in short supply globally, especially as the Noril'sk supply diminishes.

The MAN Project, which consists of five distinct project areas: Canwell, Rainy/ Eureka, Summit Hill, Dunite Hill/Fish Lake, and Broxson, is supported by a solid infrastructure: it is accessible from two paved highways and borders the Alaska Pipeline. View the project maps at http://www.nevadastar.com/s/MANProject.asp for a breakdown of the project areas.

The southern section (area 1) of the MAN property is now under joint venture with Anglo American Exploration (USA), Inc. (Anglo USA), who will perform its own exploration program pursuant to its agreement with NEV. Anglo USA is a wholly owned indirect subsidiary of Anglo American plc, a global leader in the mining and natural resource sector. Under the terms of the joint venture agreement, Anglo USA can earn a 51 percent interest in the southern portion of the MAN property by spending a total of US $12 million over a five-year earn in period. Anglo USA has the right to increase their interest by an additional 19 percent by completing a feasibility study and an additional five percent by arranging production financing for both Anglo USA and NEV. Anglo began a US $600,000 field exploration program in July.

Nevada Star Resource Corp. is a mineral exploration company that uses the most advanced technology to search for metals that are in high demand world-wide. Nevada Star Resource Corp. currently has projects in Alaska, Nevada and Utah. The Nevada and Utah properties are in joint partnership with Round Mountain Gold, and Western Utah Copper Company, respectively, both properties are scheduled to go into production in 2005. For more information, including maps, photos and project descriptions, visit: www.nevadastar.com.

This release was prepared by management of Nevada Star Resource Corp. who take full responsibility for its contents.

Neither the TSX Venture Exchange nor the NASD OTC Bulletin Board have reviewed or accept responsibility for the adequacy of this news release.