Urastar Intercepts 183 Metres of 0.23 G/T Gold at El Antimonio

July 27, 2012 - VANCOUVER, Canada – Urastar Gold Corp. (“Urastar” or the “Company”) (TSX‑V:URS) (FSE: 3U3) (OTCQX: URNRF) is pleased to announce further results from RC drilling at its El Antimonio Property. Urastar has completed over 8000m in 37 holes of reverse circulation (RC) drilling at El Antimonio and plans to complete 10,000m of RC drilling as the major component of phase 1 exploration at El Antimonio. To date results have returned several wide gold bearing intercepts. Recent results are summarized in the table below.

 -------------------------------------------------------------------
 |Hole    |From (m)|To (m)|Core Interval|Au (g/T)|Comment          |
 |        |        |      |(m)          |        |                 |
 |-----------------------------------------------------------------|
 |EA-12-24|59.4    |65.5  |6.1          |0.13    |                 |
 |-----------------------------------------------------------------|
 |EA-12-25|30.5    |74.7  |44.2         |0.31    |includes         |
 |        |        |      |             |        |30.5-50.3(19.8m) |
 |        |        |      |             |        |@                |
 |        |        |      |             |        |0.38 g/T         |
 |        |        |      |             |        |Au, and          |
 |        |        |      |             |        |61.0-74.7(13.7m) |
 |        |        |      |             |        |@                |
 |        |        |      |             |        |0.44 g/T         |
 |        |        |      |             |        |Au               |
 |-----------------------------------------------------------------|
 |EA-12-26|65.5    |193.5 |128.0        |0.18    |includes         |
 |        |        |      |             |        |65.5-83.8(18.3m) |
 |        |        |      |             |        |@                |
 |        |        |      |             |        |0.35 g/T Au      |
 |-----------------------------------------------------------------|
 |EA-12-27|129.5   |152.4 |22.9         |0.29    |includes         |
 |        |        |      |             |        |129.5-138.7(9.2m)|
 |        |        |      |             |        |@                |
 |        |        |      |             |        |0.56 g/T Au      |
 |-----------------------------------------------------------------|
 |EA-12-27|195.1   |239.3 |44.2         |0.17    |                 |
 |-----------------------------------------------------------------|
 |EA-12-27|262.1   |280.4 |18.3         |0.18    |hole stopped in  |
 |        |        |      |             |        |mineralization   |
 |-----------------------------------------------------------------|
 |EA-12-28|19.8    |22.9  |3.0          |0.36    |                 |
 |-----------------------------------------------------------------|
 |EA-12-29|94.5    |100.6 |6.1          |0.21    |                 |
 |-----------------------------------------------------------------|
 |EA-12-29|196.6   |202.7 |6.1          |0.18    |                 |
 |-----------------------------------------------------------------|
 |EA-12-29|234.7   |245.4 |10.7         |0.11    |                 |
 |-----------------------------------------------------------------|
 |EA-12-30|62.5    |245.4 |182.9        |0.23    |hole stopped in  |
 |        |        |      |             |        |mineralization   |
 -------------------------------------------------------------------

Note: The above results are based on drill cutting samples that were submitted to ALS Minerals in Hermosillo for preparation. Sample analysis was done at ALS Minerals in North Vancouver, Canada for gold by the Fire Assay method on 30 gram subsamples with AAS finish. ALS is an independent ISO certified commercial laboratory. Quality control included monitoring results of certified reference standards, duplicates and blank samples submitted with the samples. Intervals are measured down the hole and may not represent true thickness.


Dr. Matt Ball, P.Geo., is the Qualified Person pursuant to National Instrument 43-101 who has reviewed the technical information contained in this news release.



Contacts:

Urastar Gold Corp.
Adrian Robertson, President & CEO
Tel: 604-682-2928
www.urastarenergy.com

Launch IR Matthew Harrington, Investor Relations
ir@urastarenergy.com
Tel: 613-882-7467



THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release includes certain statements that express management’s expectation or estimates of future performance and may be deemed “forward-looking statements”. These forward-looking statements include plans, estimates, forecasts and statements as to management’s expectations regarding exploration. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information.

United States residents are cautioned that some of the information that may be published by Urastar may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.