First Star Resources Inc. is an emerging junior Canadian resource and mineral exploration company. Our strategy is to acquire and explore prospective oil, gas and mineral opportunities with great potential. We expect our diverse strategy will provide strong asset growth for our shareholders.

Mosser Dome Prospect, Montana
First Star acquired a 50% working interest in the Mosser Dome oil field located in Yellowstone County, Montana.  The property consists of approximately 360 contiguous acres of oil and gas leases and the assets, including 21 producing oil wells from the Greybull sand.  Current production is approximately 50 barrels per day. read more...

Stewart Lease/Wilcox Formation - Goliad County, Texas
During the current year First Star further acquired all deeper rights on the Stewart lease. Recently gas and condensate was discovered by Chesapeake Energy Corporation in 2003 in the Marshall Field in the Middle Wilcox formation, which is located approximately 1.5 miles north of the Stewart lease. The Chesapeake Carmichael #1 well was put on production in December 2003 at an initial production rate of 5 MMCF/D and 50BBLS/MMCF/D condensate per day.  read more...

Stewart Lease - Shallow Targets -  Goliad County, Texas
In April 2005, the Company acquired a 10% working interest in the Stewart property, a middle Yegua prospect in Goliad County having three or four high quality locations on a 544 acre lease. This prospect is situated within the Jobar field, which produces from the middle Yegua formation from 5,200 feet to 5,400 feet in a normal pressured regime. The prospect was initially defined by five 2D seismic lines. A 3D seismic program was recently purchased by the syndicate which will help guide development of the prospect ensuring the highest probability of success. An initial test well is planned for late spring, 2005. read more...

Summary
To meet the challenges of our diverse strategy, we have assembled a highly qualified team of individuals and professionals with diverse backgrounds and extensive experience in the resource and mineral exploration field.