Uranium Star Formally Applies for TSX Venture Exchange Listing; Further Strengthens Management Team for Green Giant Vanadium Project
oronto, Ontario – September 9th, 2009 – Uranium Star Corp. (the “Company”) (OTCBB:URST) (FRANKFURT:YE5) announces it has formally applied for issuer status on the TSX Venture Exchange (TSX-V), and has further strengthened the development team for its Green Giant Vanadium Project in Madagascar.
Application to TSX Venture Exchange Complete
The listing application process is being led by Fraser Milner Casgrain, LLP. As required by the TSX Venture Exchange, Clarus Securities will serve as listing sponsor for Uranium Star’s listing application.
The listing process follows a specific format as outlined by the TSX Venture Exchange, and the Company believes it has now completed the necessary elements in the listing application. As part of the listing requirements, the Company has completed a NI 43-101 Report on the Green Giant Vanadium Project – a key piece of the listing process.
The Company cautions that this listing process is exacting and defined, and is hopeful that a conditional listing approval will be awarded in the near future.
Uranium Star will keep both its Frankfurt (FWB:YE5) and NASDAQ Bulletin Board (OTCBB:URST) listings, as the Company deems it important that this tri-listing on the TSX-V, FWB and OTCBB will provide the Company’s existing shareholders with their current requested desire to operate within all three exchanges.
Management Team Adds Vice President of Exploration
Kirk McKinnon, President & CEO is pleased to announce that William Nielsen, P.Geo., Director, has formally accepted a key management position with the Company as Vice President of Exploration, effective immediately.
Mr. Nielsen brings over 36 years of mineral exploration and development experience to the team. He has worked on various projects throughout the world including the Bisha gold-VMS deposits in Eritrea and the Tabakoto/Segala gold deposits in Mali. He currently is the president of a geological consulting company and was previously project manager for Uranium Star’s Green Giant Project in Madagascar. Mr. Nielsen is also a Director of Red Pine Exploration (formerly Vencan Gold Corporation) since April 2003.
In this role, Mr. Nielsen will be responsible for the advancement and execution of the necessary criteria relating to the Green Giant Vanadium Project as the Company moves its Madagascar vanadium discovery through to feasibility status.
For more information on our Green Giant Vanadium Project, please visit our website at www.uraniumstar.com
Brent A. Nykoliation
Vice President of Business Development
Uranium Star Corp.
Toll Free: 800.818.5442 or 416.364.4911
J. Kirk McKinnon, President and Chief Executive Officer
Richard Schler, Chief Operating Officer & CFO
Cautionary Statement: The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.