The Nevada Star Resource Corp. Update on The MAN Alaska Canwell Complex: Fundamental Ingredients for World-Class Discovery.

SEATTLE -- Nevada Star Resource Corp. (OTC-BB: NVSRF and TSX-V: NEV) ("Nevada Star") is pleased to release encouraging results from studies of integrated exploration geology, geophysics, geochemistry and drilling generated since 1995 for the Canwell Nickel-Copper Platinum-Group Element (Ni-Cu-PGE) prospect on Area 4 of the MAN Alaska Project, Delta River Mining district, Alaska.

Analysis of the newly integrated database revealed higher nickel values than previously reported, newly recognized Ni-Cu-PGE anomalies between the Lower Canwell and East Canwell showings, and increased potential for large deposits of disseminated sulfide mineralization.

Sulfide Geochemistry

In the eastern part of the Canwell Complex, a massive sulfide sample (HDB-2002-12) from the Lower Canwell prospect assayed 15.40% Nickel, 3.32% Copper, 0.33% Cobalt, and 1.2 ounces per ton (40 g/t) PGE+Gold+Silver. This nickel value is approximately 2% higher in absolute value than previously reported for a different sample. The silver assay for this sample is 0.88 ounces per ton (30 g/t); values for this metal have not previously been reported. These results for nickel and silver indicate that Canwell sulfides are even more metal-rich than previously realized.

Geology

The Canwell Complex is a Triassic (230 million years old) mafic-ultramafic intrusion 6.5 miles (10 km) in length, 3300 feet (1 km) thick. A total of 30 mineral showings and prospects have been found on the Canwell Complex to date.

Exploration Geophysics 

Airborne and ground magnetic and electromagnetic (EM) surveys guided mapping of the lithologies and detection of geophysical anomalies within the Canwell Complex. Inverse three-dimensional modeling reveals the presence of three large magnetic bodies, suggesting a composite intrusion. The easternmost of these bodies is the most irregular in shape and hosts the majority of the mineral showings. Airborne, VLF, UTEM and Max-Min surveys resulted in the detection of highly conductive anomalies. The anomalies were modeled as two linear conductor axes. The first is 3900 feet long and associated with the Lower Canwell showing area in the eastern part of the Canwell Complex. The second is 3000 feet long in the central part of the Canwell Complex.

Drilling Results

Several Canwell drill holes intersected very thick zones of weakly mineralized dunite. The best intersection was 560 feet (170 metres) of (weighted-average of 110 samples) 0.27% Nickel, 0.02% Copper, 0.01% Cobalt and elevated PGE+Gold+Silver in drill hole CAN0405 (see Press Release, March 17, 2005). Approximately 660 feet (200 metres) south, drill hole CAN0204 intersected 310 feet (95 metres) of 0.21% Nickel starting at the surface. Near the Odie-PGE showing, about a half mile (1 km) southeast of CAN0204, drill hole CAN0206 intersected 330 feet (100 metres) of 0.29% Nickel, 0.02% Copper starting at 90 foot (30 metres) depth. Near the Lower Canwell showing, 1 mile (1.5 km) farther east, drill hole CAN0309 intersected 240 feet (70 metres) of 0.29% Nickel, 0.02% Copper and elevated PGE in the hangingwall to the showing. All these drill results reflect the presence of sulfides and highlight the potential for large zones of disseminated to weakly disseminated sulfide mineralization, either as discrete deposits or halos about massive sulfide deposits.

With this realization, the Lower Canwell-East Canwell area, the East Canwell showing itself, and the Glacier Lake showing (3.48% Nickel, 1.38% Copper, and 0.3 ounces per ton of PGE+Gold+Silver in network sulfides) all represent under explored targets.

Summary

The Canwell Complex displays many of the fundamental characteristics for a large Ni-Cu-PGE discovery. Like the famous Noril'sk mining camp in Russia, Canwell has numerous mineral occurrences with high grades of nickel, copper and PGE relative to the total amount of sulfide; it has sulfur-rich country rocks; it represents a regional magmatic centre; and it is comagmatic with a major Triassic flood basalt sequence characterized by extreme nickel and PGE depletion. Although exploration has focused on massive sulfide discovery, the thick intersections of disseminated sulfides coupled to the size of the Canwell Complex indicates additional potential for large, low-grade deposits like Mt Keith (500 Mt of 0.5% Nickel) in Australia and Pechenga (1000 Mt of 1% Nickel) in Russia.

Gerald Carlson, Ph.D., P.Eng. is the qualified person responsible for the technical information contained in this release.

About the MAN Alaska Project

Nevada Star Resource Corp's 271 square mile Alaskan property, officially called the MAN Alaska Project, is located 164 miles southeast of Fairbanks and 248 miles northeast of Anchorage. Exploration by Nevada Star began in 1995 in this large area which is characterized by its extremely anomalous nickel, PGE, and gold concentrations.

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

The MAN Alaska 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 Dunite Hill/Fish Lake section (Area 1) of the MAN Alaska property is now under joint venture with Anglo American Exploration (USA), Inc. (AAEUS), who is performing its exploration program pursuant to the agreement with Nevada Star. AAEUS 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, AAEUS can earn a 51 percent interest in the southern portion of the MAN Alaska property by spending a total of $12 million USD by 2008. AAEUS has the right to increase their interest an additional 19 percent by completing a positive feasibility study, at its expense, and an additional 5 percent by arranging production financing for both AAEUS and Nevada Star.

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 late 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.