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Rare Earth Targets Defined at Iiomba Hill

RESOURCE STAR DEFINES RARE EARTH TARGETS AT ILOMBA HILL, MALAWI New, welldefined rare earth (REE) geochemical targets have been generated by the interpretation of a systematic soil sample survey over Resource Stars 90%owned Ilomba Hill tenement. The REE targets are related to, but appear separate from the radiometric targets generated earlier by RSLs airborne geophysics and known niobiumuraniumzircon anomalism. Key Results Comprehensive, systematic geochemical dataset acquired over multimetal alkali intrusive complex The new REE anomalies are near, but separate to previously known mineralisation o The strongest REE target, of up to four to five times background, has been defined over 1.6 x 0.4km and defines a newlyidentified anomalous zone of the intrusive complex o A further six new subsidiary REE and NbTaUTh targets have been defined, associated with other parts of the complex Work Planned Followup mapping and systematic rockchip sampling or trenching, as required Development of an initial shallow drilltesting program on the basis of integrated results Resource Star Ltd (Resource Star or RSL) today announced that it has identified significant anomalies at its 90%owned Ilomba Hill Project (the Project) in Malawi, southeast Africa. Historic sampling had previously identified niobium (Nb) and uranium (U) mineralisation, but interpretation of a recent systematic soil survey has now also defined a large area of REE anomalism that requires further followup. The newlydefined features are geochemical anomalies located within an alkali syenite intrusive complex and complement earlier geophysical anomalies. Targets from all methods will form the focus of 2011 ground exploration, which will be designed to develop trenching and drilling targets at Ilomba Hill. The Ilomba Hill Project forms a key part of Resource Stars existing uranium and uraniumrelated specialty metals portfolio in East Africa and Australia, and demonstrates similarities to RSLs Machinga Joint Venture NbREE project and other alkali intrusiverelated mineralisation in the region. Ilomba Hill Project In conjunction with a Malawian private company, Nyalihanga Enterprises Ltd, Resource Star Ltd has commenced exploration of the Ilomba Hill NbU Project in Malawi.

Resource Star is managing the exploration program. The Ilomba Hill Project covers part of a nepheline syenite, which is an alkali intrusive body that is part of a suite of similar systems that are known to host niobium, tantalum, uranium and rare earth mineralisation elsewhere in Malawi. Applications have been made by the JV to acquire the remainder of the entire nepheline syenite complex. Prospectivity of the system had been confirmed by Resource Star with the discovery of the results of previously unpublished sampling. Four of these eight samples were highly anomalous in niobium (>1% Nb2O5) and uranium (2,000ppm to >1% U3O8), and six had elevated zirconium results (>0.5% ZrSiO4). During 2010 RSL completed a detailed lowlevel airborne multispectral radiometrics and aeromagnetics geophysical survey over the Project, which was used to design the soil sampling program. Geochemical Services Pty Ltd of Australia has completed analysis on the subsequent soil sampling survey following receipt of all results. Analysis was completed by ALS Chemex in Johannesburg, South Africa, using lithium borate fusion ICPMS assay with fouracid digest.

Geochemical Services report that the QAQC results (duplicates, blanks and certified reference material) are fit for purpose. A total of 914 samples, including QAQC, were taken over the Ilomba Hill alkali intrusive complex and surrounding areas, covering approximately 10km2. The data show a number of anomalous features, as seen in Fig 2, with many of the targets, including the high priority REE target ILB001, in areas that were not highlighted by the airborne geophysics. Two high priority anomalies were defined, one being the known NbTaUTh trend associated with highly anomalous rock chip results in historical sampling and the other the new REE trend that lies parallel to it. In summary, the newlydefined soil anomalies are RSLs 2011 Ilomba Hill exploration program will focus on further exploration work to better understand the geology and fresh rock response associated with anomalies ILB 001 004. Fig 3 portrays the primary data for both identified associations of soil sample results from this program which shows the clear offset between the NbTaUTh association (Fig 3 A), related to the known airborne radiometric anomaly and historical percent level niobium and uranium rockchip samples and, the adjacent and parallel, newlydefined REE anomalies (Fig 3 B)Fig 3 portrays the primary data for both identified associations of soil sample results from this program which shows the clear offset between the NbTaUTh association (Fig 3 A), related to the known airborne radiometric anomaly and historical percent level niobium and uranium rockchip samples and, the adjacent and parallel, newlydefined REE anomalies (Fig 3 B) For further information please contact Andrew Bell, Chairman CEO Resource Star Ltd 44 77 66 474 849 Victoria Thomas, Six Degrees Investor Relations 61 431 151 676 About Resource Star Ltd Resource Star Ltd is a publiclylisted Australian company ( RSL) that has interests in uranium and uraniumassociated exploration assets in the Northern Territory, Western Australia, Tasmania and Malawi. The Companys main projects are the 100%owned Edith River Uranium Project in the Northern Territory and joint ventures with Globe Metals Mining on the Machinga NiobiumRare Earths Project and the Livingstonia Uranium Project in Malawi.

Globe is managing the Machinga program, with input from Resource Star, and they are currently earning 20% equity through exploration expenditure. In a staged process, Globe can earn up to 80% in the project by funding all activity up to and including a feasibility study. Resource Star recently reported a maiden JORCcompliant Inferred Resource estimate completed by CSA Global on the Livingstonia uranium mineralisation, defining 7.7Mt at 270ppm U3O8 for a total of 4.6Mlb of contained metal..

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