Mineral Exploration
TANGLE LAKES and southeastern ALASKA RANGE

Name and Ownership
Nevada Star Resources, a junior mineral exploration company based in Vancouver, B.C., controls over 269 square miles of mining claims in the southern foothills of the Alaska Range. The company calls these claims the MAN Project. In March, 2004, Anglo American Exploration, Canada, entered into an agreement with Nevada Star to option the Fish Lake and Dunite Hill claims within the MAN Project. The latter claims are located near and around Tangle Lakes, Landmark Gap and 14-Mile Lake. Anglo American can earn a 51 percent interest in the MAN property by spending a total of $12 million over a five-year period.

Location
Located on state land, the MAN Project claims are grouped in a patchwork fashion throughout the mountains and creeks north of the Denali Highway. Those located near the Denali Highway extend from approximately MP 12 to MP 27. They surround the Tangle Lakes which are in the federal Wild and Scenic River corridor, and include Landmark Gap, the Amphitheatre Mountains, and 14-Mile Lake. There is also a large block of claims just south of the Eureka Glacier, extending to the east to the ridges and creeks around Broxson Gulch, including Rainy and Ann Creeks. They also control a block of claims on the northeastern side of Rainbow Mountain, above the Canwell Glacier, and another block of claims adjacent to the Richardson Highway near Fielding Lake. Generally, the MAN Project focuses on a suspected east-west trend of nickel, platinum and copper mineralization.

Type of Exploration and Targeted Minerals
Based on surface sampling and geophysical data, Nevada Star believes there is potential for significant deposits of platinum, palladium and other related platinum group elements, as well as nickel and copper. Anglo’s Tangle Lakes claims are thought to contain the greatest potential for a nickel-copper-platinum massive sulfide deposit. Nevada Star is conducting conventional hardrock mineral exploration on its claims in the Rainbow Mountain and Broxson Gulch areas. This consists of drilling and trenching. In road-accessible areas, such as Rainbow Mountain, access roads have been constructed. In other places, Nevada Star uses helicopters to sling in drilling equipment and transport personnel.