Urastar Energy Inc. ("Urastar") (TSX VENTURE:URS) announces the option to
acquire the El Antimonio property in Mexico (the "Property"). El Antimonio is a
major gold-antimony exploration property, consisting of 4,000 hectares located
in northwest Sonora in the heart of the Mojave-Sonora Megashear.


The Property is located close to significant gold and silver producing heap
leach mines including the Newmont Mining Corporation and Fresnillo PLC's La
Herradura Gold Mine and Capital Gold's El Chanate Mine (see location map at
www.Urastarenergy.com). El Antimonio has produced placer gold and antimony from
gravel derived from numerous reported vein occurrences. Currently, local
prospectors are recovering small amounts of gold nuggets from those gravels.


In a signed Letter of Intent, Urastar can earn a 100% interest in the El
Antimonio by making the following option payments over a 5 year period:




----------------------------------------------------------------------
TIME                                              CASH PAYMENT        
----------------------------------------------------------------------
On signing                                        US$10,000.00        
On approval of TSX Venture Exchange               US$40,000.00        
----------------------------------------------------------------------
Twelve month anniversary                          US$75,000.00        
----------------------------------------------------------------------
Twenty-four month anniversary                     US$75,000.00        
----------------------------------------------------------------------
Thirty-Six month anniversary                      US$150,000.00       
----------------------------------------------------------------------
Forty-Eight month anniversary                     US$200,000.00       
----------------------------------------------------------------------
Sixty month anniversary                           US$1,450,000.00     
----------------------------------------------------------------------
TOTAL                                             US$2,000,000.00     
----------------------------------------------------------------------



In addition the owners will retain a 3% net smelter return ("NSR") royalty on
the Property subject to the right of Urastar to purchase each 1% of the NSR
(namely a 1% NSR) for $1,000,000.00 for five (5) years after signing. The Letter
of Intent is subject to TSX Venture Exchange approval.


Urastar is excited about the work program on this excellent exploration
property. The exploration target will be a bulk mineable gold deposit centered
on one or more of the previously mined vein areas coupled with a new discovery.
The potential is deemed excellent due to the presence of extensive zones of
alteration and fracturing, the development of mineralized veins over a large
area, and the fact that previous mining activity stopped at the water table and
where overburden concealed the veins. The widespread fracturing and alteration
of sedimentary rocks suggest potential for disseminated-style mineralization


Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., is a designated Qualified Person
pursuant to National Instrument 43-101 and prepared the technical information
contained in this news release. 


About Urastar Energy Inc.

Urastar Energy Inc. is a mining exploration and development company focusing on
gold exploration in Mexico's Sierra Madre gold belt targeting areas containing
former producing properties. The Sierra Madre Gold Belt is one of the richest
gold belts in the world hosting several world class mines and many major recent
discoveries. For more information, please visit www.Urastarenergy.com 


THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR
ITS CONTENTS. THE TSX-VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.


This news release includes certain statements that express management's
expectation or estimates of future performance and may be deemed
"forward-looking statements". These forward-looking statements include plans,
estimates, forecasts and statements as to management's expectations regarding
exploration. These forward-looking statements involve assumptions, risks and
uncertainties and actual results may vary materially. For these reasons
shareholders should not place undue reliance on such forward-looking
information.


United States residents are cautioned that some of the information that may be
published by Urastar may not be consistent with United States Securities and
Exchange Commission disclosure rules and may be materially different from what
the Company is permitted to disclose in the United States and therefore United
States residents should not rely on such information.
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