Mr. Vince Sorace of Desert Star Resources reports

DESERT STAR RESOURCES AND PROVIDENCE RESOURCES ANNOUNCE SIGNING OF AMALGAMATION AGREEMENT

Desert Star Resources Ltd. and Providence Resources Corp., further to their news release of Nov. 27, 2014, have signed an arrangement agreement, pursuant to which the companies will amalgamate to form a new company (Amalco) whose primary focus will be on the identification, acquisition and development of copper and gold projects in the southwestern United States. Amalco will retain the name of Desert Star Resources. The arrangement agreement supersedes and replaces the letter of intent between the companies announced on Nov. 27, 2014.

"The completion of this amalgamation, in addition with the completion of Desert Star's equity financing announced on March 3, 2015, provides the company with the necessary capital to complete its planned drill programs at both the Red Top and Copper King projects in Arizona, immediately upon receiving the drilling permits," stated Vince Sorace, president and chief executive officer of the companies.

The arrangement agreement provides that the companies will amalgamate, such that each Desert Star shareholder will receive one share in Amalco for every Desert Star share held, and each Providence shareholder will receive 0.4 of a share in Amalco and 0.4 of a share purchase warrant in Amalco (each whole Amalco warrant exercisable for two years at 25 cents) for every Providence share held. The companies will each hold annual general and special meetings on Wednesday, April 8, 2015, at which their respective shareholders will vote on various items of business, including the amalgamation. Detailed information about the amalgamation, including fairness opinions obtained by each company as it relates to the amalgamation, will be provided to shareholders in the companies' joint information circular for the transaction that will be mailed out next week, and posted to the SEDAR website under the profile of each company.