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Message: Alberta Star acquires 160 acres at Crown land sale
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Alberta Star acquires 160 acres at Crown land sale

2010-12-14 06:44 PT - News Release
Shares issued 21,403,979
ASX Close 2010-12-13 C$ 0.475

Mr. Tim Coupland reports

ALBERTA STAR SUCCESSFUL AT THE SASKATCHEWAN CROWN LAND SALE AND CONTINUES WITH PHASE-2 DRILLING AT LANDROSE, SASKATCHEWAN

Alberta Star Development Corp. was successful at the Dec. 6, 2010, Saskatchewan Crown land sale, acquiring petroleum and natural gas rights on a 160-acre parcel of undeveloped lands in the Lloydminster heavy oil region. The acquisition increases the company's growing land base in west-central Alberta and Saskatchewan and increases the additional potential for multiple drilling opportunities being identified, finalized and planned by Alberta Star and its industry partner for drilling exploration in 2011. Alberta Star holds an undivided 50-per-cent working interest in the acquired lands, as the acquisition was made jointly on a 50/50 basis with an industry partner.

The company holds a 50-per-cent working interest in three infill wells now being drilled and currently under way with phase 2 at Landrose, Sask. The company's phase 2 drilling program, which is under way, is scheduled to consist of three wells, one of which has been drilled and cased and expected to be completed and in production in the coming week, is proceeding on schedule and is expected to meet the company's scheduled 2010 exploration drilling targets and allow the company to exit the year, by increasing and meeting its daily total production growth targets.

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