TORONTO, ONTARIO (TSX VENTURE: AZS)(AMEX: AZS) announced today that Barrick Gold Corporation ("Barrick") has announced that it has acquired approximately 40.7 million shares of Arizona Star, constituting more than 94% of the common shares of Arizona Star on a fully-diluted basis, pursuant to its offer dated November 9, 2007. Arizona Star understands that Barrick intends to acquire the remaining outstanding shares by way of compulsory acquisition.

The board of directors of Arizona Star met earlier today and received resignations from Thomas Dawson, Rudi Fronk, Paul Parisotto and James Smolik as directors. Appointed in their place were Alex Davidson, Jamie Sokalsky, Nick Nikolakakis and James Mavor. Officer appointments made at the meeting included James Mavor, as treasurer, Richard Ball, as controller, and Faith Teo as secretary in place of Thomas Dawson who resigned as secretary. Jennifer Dawson also resigned as assistant corporate secretary. The board also resolved to update the committee structure and subsidiary officers and directors to reflect its reconstituted membership.

About Arizona Star Resource Corp.

Arizona Star owns a 51% interest in the Cerro Casale - one of the world's largest undeveloped gold-copper deposits.

ON BEHALF OF THE BOARD

Paul A. Parisotto, President & CEO

The TSX Venture Exchange neither approves nor disapproves the information contained in this News Release.

Contacts: Arizona Star Resource Corp. Paul Parisotto President and CEO (416) 359-7808 Website: www.arizonastar.com

Arizona Star Resource Corp (AMEX:AZS)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Arizona Star Resource Corp Charts.
Arizona Star Resource Corp (AMEX:AZS)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Arizona Star Resource Corp Charts.