Star Resources prossegue na aquisição do garimpo Tocantinzinho no Tapajós

Source: Star Resources Corp. *Star to Proceed with Tocantinzinho Acquisition* Wednesday August 6, 12:58 pm ET HOUSTON--(BUSINESS WIRE)--Aug. 6, 2003--Star Resources Corp. ("Star") has satisfactorily completed its due diligence review of the 24,275 hectare Tocantinzinho Project in Brazil, and has received conditional acceptance of the TSX Venture Exchange to the acquisition subject to certain conditions including funding. The Company has commissioned a geological report dated July 10, 2003, prepared by G. Cavey, P.Geo, and D. Gunning, P.Eng, "qualified persons" under NI 43-101 which has been filed on SEDAR. The report outlines results of the work by Altoro Gold Corp. during the 1997 - 1999 period. During that time, soil sampling outlined a 400 x 200 meter anomaly with values greater than 1 g/t gold within a 1200 x 300 meter + 200 ppb gold zone. Since then the area represented by the + 1 g/t gold anomaly has been excavated by artisonal miners to a depth of 5 to 10 meters. Channel sampling at 2- to 4-meter intervals in several of the working areas established that the saprolite carries gold values ranging from less than 1 g/t gold to greater than 4 g/t gold. Subsequent power auger drilling showed similar enrichment down to an average of 20 meters. The results to date show the presence of gold in the saprolite rock, but deeper drilling and sampling is required to determine continuation of this mineralization at depth. A 1,500-meter diamond drilling program is recommended and will be conducted by the Company upon completion of the acquisition following receipt of final approval of the TSX Venture Exchange. At the annual and extraordinary general meeting, shareholders approved the change of the name of the Company to Jaguar Resources Corporation which will become effective on a date to be determined. There will be no consolidation of the Company's share capital. In July 2003 the Company issued 107,126 shares in satisfaction of $20,917 of indebtedness of the Company. The shares are subject to a hold period expiring November 22, 2003. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.