Mr. Adrian Robertson reports

URASTAR ENGAGES DAHLMAN ROSE & CO AS FINANCIAL ADVISORS

Urastar Gold Corp. is exploring alternatives available to the company, including a potential sale. The board of directors intends to consider the full range of available options. Also, the company has engaged the services of Dahlman Rose & Company LLC of New York as its exclusive financial adviser to assist in the evaluation of these options. Dahlman Rose will be receiving an agreed-to fee upon successful completion of a transaction.

Adrian Robertson, chief executive officer, said, "We are very pleased to be working with Dahlman Rose, a world-class metals and mining investment bank, and are looking forward to the range of opportunities that may become available to us."

There can be no assurance that any specific transaction regarding the company or its assets will be pursued or completed. The company does not intend to disclose developments with respect to the progress of its alternative review process until such time as the board of directors approves or completes a transaction or otherwise deems further disclosure appropriate.

We seek Safe Harbor.