Urastar Gold Corp. Announces 19.8m of 0.92 G/t Gold Intercepted at El Antimonio

September 20, 2012 - VANCOUVER, Canada - Urastar Gold Corp. ("Urastar" or the "Company") (TSX-V:URS) (FSE: 3U3) (OTCQX: URNRF) has obtained additional significant intercepts from RC drilling at its El Antimonio Property. To date, Urastar has completed over 10,500m in49 holes of reverse circulation (RC) drilling as phase 1 of the exploration program at El Antimonio. Of the forty-four holes announced to date, thirty-one have intersected mineralized zones, including several wide gold bearing intercepts that were previously announced. Recent significant results are given in the table below.

 -------------------------------------------------------------------
 |Hole    |From (m)|To (m)|Core Interval|Gold (g/T)|Comment        |
 |        |        |      |(m)          |          |               |
 |-----------------------------------------------------------------|
 |EA-12-38|51.8    |71.6  |19.8         |0.92      |includes       |
 |        |        |      |             |          |56.4-59.4      |
 |        |        |      |             |          |(6.0m) @       |
 |        |        |      |             |          |3.19 g/T Au    |
 |-----------------------------------------------------------------|
 |EA-12-39|96.0    |125.0 |29.0         |0.30      |includes       |
 |        |        |      |             |          |120.4-121.9    |
 |        |        |      |             |          |(1.5m) @       |
 |        |        |      |             |          |1.54 g/T Au    |
 |-----------------------------------------------------------------|
 |EA-12-43|24.4    |41.1  |16.8         |0.38      |?              |
 |-----------------------------------------------------------------|
 |EA-12-43|67.1    |128.0 |61.0         |0.22      |includes       |
 |        |        |      |             |          |94.5-106.7     |
 |        |        |      |             |          |(12.2m) @      |
 |        |        |      |             |          |0.44 g/T Au    |
 |-----------------------------------------------------------------|
 |EA-12-43|176.8   |196.6 |19.8         |0.19      |?              |
 |-----------------------------------------------------------------|
 |EA-12-43|225.6   |251.5 |25.9         |0.25      |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.


Together with the previously announced intercepts, these results show that the gold mineralization is widespread, and that there is excellent potential for a large, bulk tonnage gold deposit. Assay results from the remaining five RC holes and three core holes will be released as they become available.

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

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 EXCHANGENOR 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.

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