5000 M Drilling Program has now commenced on First Star's LMS project located in the heart of the Tintina Gold belt

VANCOUVER, June 2, 2011 /CNW/ - First Star Resources Inc. (TSX-V: FS) (“First Star“) is pleased to announce that it has started its 2011 summer exploration drilling program on its flagship property, LMS, in Alaska this week. The LMS property is under Joint Venture with Corvus Gold Inc. (TSX: KOR), A spin off from International Tower Hill (TSX: ITH). During the next few months, First Star intends to drill 5,000m plus of oriented diamond core on its LMS property. Drilling will continue to assess the existing Camp Zone in an effort to: 1) expand the gold-bearing graphitic quartzite breccias; and 2) to drill a NE-striking structural corridor within the lower gneiss zone that is known to contain high grade gold mineralization.

It is the company's intension to extend the existing mineralization of roughly 500 metres down dip to a 1,000 metres down dip. Further, the company intends to have a new resource estimate completed by the end of 2011 which will also include silver.

First Star Resources completed a 640 metres winter drilling program in April this year. Assays are still pending and will be announced soon.

First Star Resources has contracted Spring Valley Drilling Inc. for its winter and summer core drilling program on its LMS gold and silver property. All exploration work on the LMS property will be conducted by First Star's exploration contractor Pacific Rim Geological Consulting Inc. of Fairbanks, Alaska, under the supervision of Dr. Karsten Eden, Vice President Exploration of First Star Resources Inc. All sample shipments will be sent to ALS Chemex in Fairbanks, Alaska, for preparation and then on to ALS Chemex in Reno, Nevada, or Vancouver, B.C., for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. First Star will have its own quality control / quality assurance programs in place.

The LMS claim block is located in the Goodpaster Mining District of Alaska and consists of 92 State of Alaska mining claims covering 61 square kilometers.

The company also is granting options to buy 650,000 shares total to consultants of the company. The options shall be exercisable at a price of 15 cents per share and shall have a term of five years.


About First Star Resources Inc.

First Star Resources is a junior exploration company focused on gold exploration in the world famous Tintina Gold Belt in Alaska. The Tintina Gold Belt hosts major gold deposits and several mines, such as; Fort Knox Mine - 3.7 million oz. gold, the Donlin Creek deposit - 33.5 million oz. gold, the Livengood deposit- 8.1 million oz gold, White Gold deposit- 1.4 million oz gold (Recently taken over by Kinross Gold Corp), and the Pogo Mine 5.6 - million oz gold, which is adjacent to one of First Stars Resources' key targets for this year, the LMS and West Pogo property. The LMS and West Pogo properties have well defined Gold Targets which First Star Resources will be addressing in 2011.


ON BEHALF OF THE BOARD

John Campbell
CEO



Visit the Company's website, www.firststarresources.com


DISCLAIMER

Forward-looking statements relating to future events or future performance and reflecting First Star Resources or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as “plans“, “expects“ or “does not expect“, “is expected“, “budget“, “scheduled“, “estimates“, “forecasts“, “intends“, “anticipates“ or “does not anticipate“, or “believes“, or variations of such words and phrases or statements that certain actions, events or results “may“, “could“, “would“, “might“ or “will be taken“, “occur “or “be achieved“ or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of First Star Resources to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Petro Horizon's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although First Star Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.

“NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.



For further information:

First Star Resources Inc.
Investor Relations
604-608-0300
ir@FirstStarResources.ca
www.firststarresources.com