Nevada Star Resource Corp.: High PGE Values From Man Project, Alaska.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--March 20, 2003

Nevada Star Resource Corp. (the "Company") (OTCBB:NVSRF)(TSX VENTURE:NEV) is pleased to report the results of full suite Platinum Group Element (PGE) analysis on selected grab samples from the 2002 summer field program on its MAN Ni-Cu-PGE project in Alaska. The values are exceptionally high relative to other known PGE occurrences, including the world's most prolific PGE deposits in South Africa, Sudbury and Noril'sk. These elements, osmium (Os), iridium (Ir), ruthenium (Ru) and rhodium (Rh) are very rare and therefore quite valuable (see Appendix). Their presence in significant quantities indicates the potential for important add-on value for any Ni-Cu-PGE deposit delineated on the MAN project. -0-

              Au     Pt     Pd    Os    Ir     Ru    Rh    Cu     Ni
SAMPLE      (ppb)  (ppb)  (ppb) (ppb) (ppb)  (ppb) (ppb)   (%)    (%)
CANWELL_1   8400  19900   5130    BD   260    360   189  2.90  13.68
AD-02-011    250   3070   1660   320   250    550   150  0.74   0.52
AD-02-012    224   3110   2100   520   420    960   195  0.36   0.56
AD-02-014    224    830    712    14    15     30    22  0.57   0.71
AD-02-022   4400   8100   5310   220   300    410   305  3.83  12.74
AD-02-024   3000  18200   5620   130   210    280   177  3.13  13.35
AD-02-025   1150   5470  15500   280   290    560   208  4.51  13.60
AD-02-046     23   1070   1570   900   840   1600   442  1.02  10.74
RAINY-1      567    940   1040   620   220    380   100  0.26   1.15
AD-02-020    130    470    391    51    34     86    22  0.22   0.45

Variability from previously reported results (for Au, Pt and Pd) is
due to different analytical techniques, a different sample size and
possibly a nugget effect from these high grade samples;
BD = below detection.

Results were determined by Actlabs using neutron activation analysis following a NiS fire assay. Results for Au, Pt and Pd have been reported previously for these samples. Most of the samples are from the Canwell property while the Rainy-1 sample is from the East Rainy occurrence and AD-02-020 is from the Ice Complex occurrence. Samples reporting greater than 10% nickel are from massive sulphide mineralization while the remainder are from net textures sulphide mineralization (see News Releases dated November 6, 2002 and November 26, 2002 for the initial reporting of these samples and descriptions.)

These results confirm similar occurrences of high concentrations of rare PGE's relative to platinum and palladium first observed at the Wellgreen Mine within the Kluane Belt, Yukon and shown to extend to the Nikolai rocks within the MAN project area in adjacent Alaska by Dr. Larry Hulbert of the Geological Survey of Canada.

The 150 square mile MAN project is ideally situated in east central Alaska, south of Fairbanks and northeast of Anchorage and is accessible by two paved highways. The Company is in the planning stages for its 2003 field program that will include ground geophysical surveys for final target definition, to be followed by drilling.

ON BEHALF OF THE BOARD OF DIRECTORS OF NEVADA STAR RESOURCE CORP.

Gerald G. Carlson, President

APPENDIX

The Platinum Group Elements are amongst the most rare of all metals. The key uses of PGE's are mainly as catalysts and alloys; however, they have a continually expanding importance in high tech and fuel cell applications.

-- Platinum is used in catalytic devices, fuel cells and in the manufacturing apparatus for laboratory and industrial use, thermocouples, platinum resistance thermometers, acid proof containers, electrodes, etc. In dentistry; jewelry; electroplating; as oxidation catalyst in manufacture of acetic acid, nitric acid from ammonia, manufacture of sulfuric acid; control of automotive emissions; spinnerets for rayon and glass fiber manufacture; permanent magnets. Medication: Platinum metal is used as support for fractured bones.

-- Palladium is used in gold, silver and copper alloys in dentistry. Alloys are also used for bearings, strings, and balance wheels in watches. Palladium is used as a catalyst in the manufacture of sulfuric acid. In powder form it is used as a catalyst in hydrogeneration. The sponge form is used for separation of hydrogen from a mixture of gases. Silver alloys are used for electrical contacts. The automotive industry has used palladium in catalytic converters since 1974. In jewelry, palladium hardened with 4-5% ruthenium provides a light, white, strong, tarnish-free alloy for watch cases, brooches, and settings for gems. For alloy bearings, springs, balance wheels of watches; for mirrors in astronomical instruments; as catalyzer in manufacture of sulfuric acid and in other oxidizing processes

-- Iridium has found use in making crucibles and apparatus for use at high temperatures. It is also used for electrical contacts. Its principal use is as a hardening agent for platinum. With osmium, it forms an alloy which is used for tipping pens, and compass bearings.

-- Osmium metal is used almost exclusively to produce very hard alloys, with other metals of the platinum group, for fountain pen tips, instrument pivots, phonograph needles, and electrical contacts.

-- Rhodium is used in alloy with platinum for catalysts and thermocouples; for spinnerets in rayon production; for glass-fiber bushings; for furnace winding; component of dental alloys; electroplating agent for bright or reflective surfaces; for electrical contacts; ingredient in gold decorations on glass and porcelain; as a corrosion-resistant electroplate for protecting silverware from tarnishing; for making high-reflectivity mirrors for cinema projectors and searchlights; spongy or black form as catalyst in organic hydrogenation or organic oxidation reactions; plating optical instruments; for jewelry & decoration; strong, complexing agent.

-- Ruthenium is one of the most effective hardeners for platinum and palladium, and is alloyed with these metals to make electrical contacts for severe wear resistance.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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