Elysee Development Corp. Completes Name Change

Vancouver, British Columbia -- (Newsfile Corp. - July 15, 2015) - Elysee Development Corp. (TSXV: ELC) (the "Company") announces that it has changed its corporate name from "Alberta Star Development Corp." to "Elysee Development Corp.". The Company's stock symbol on the TSX Venture Exchange ("TSXV") has also been changed. The Company's new stock symbol on the TSXV is "ELC". The name change was approved by shareholders, the board of directors and the TSXV. The Company did not undertake a change of business or consolidation of capital in conjunction with the change of corporate name. The new ISIN for the Company's listed shares is CA2907371058 and the new CUSIP is 290737105.

The Company is focused on the identification and development of undervalued mineral resource projects in North America. The Company currently holds interests in exploration projects in the Northwest Territories and Saskatchewan and maintains a strong balance sheet, with current working capital of $8 Million. With a management team experienced in the financing, engineering, construction and management of mining projects on a worldwide basis, the Company is well-positioned to capitalize on the exceptional opportunities that continue to become available due to the current market malaise in the junior mining sector.

For more information on the Company please visit our new web site at www.elyseedevelopment.com. Elysee anticipates that its Financial Statements for the Second Quarter ended May 31, 2015 will be available and filed on SEDAR by July 20, 2015.



FOR FURTHER INFORMATION, PLEASE CONTACT:

Stuart Rogers, President & Chief Executive Officer
Tel: (604) 689-1749



Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements — This news release contains certain forward-looking statements. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.