The Company will remain a mineral exploration issuer

Alberta Star Development Corp. announces that, due to unforeseen regulatory complications in the United States, where Alberta Star is a reporting foreign private issuer under United States federal law, it has elected not to proceed with its previously announced change of business to an investment issuer. The Company will remain a mineral exploration issuer listed on the TSX Venture Exchange and will continue to pursue and evaluate opportunities to enhance shareholder value.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the company continuing as a mineral exploration company, continuing to be listed on the TSX Venture Exchange and continuing to seek ways to enhance shareholder value. These statements are subject to a number of risks and uncertainties, including fluctuating prices for precious and base metals, risks related to resource estimates, risks related to mineral exploration and the inherently dangerous activity of mining, and those risks set forth in our filings with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.

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