Move Into Norway And Progress Report

The Board of All Star Minerals Plc ("All Star" or "the Company") is pleased to announce that it has recently been granted pre-claim licences in Finnmark County, Norway, over Big'gelubbal 1-12. The pre-claim licences cover a land mass of 6 square kilometres and are prospective for uranium and thorium mineralization.

Norway is understood to have the world's third largest reserves of thorium, after Australia and India respectively, estimated at 170,000 tonnes. At the start of 2007, the Ministry of Petroleum and Energy in Norway asked The Research Council to study the future use of thorium in the country. Accordingly, The Research Council appointed a Thorium Report Committee to study the opportunities and risks related to the use of thorium in nuclear power plants. We anticipate that the findings of the report will be published by the end of 2007.

Additionally, Statkraft, Norway's state owned electricity company, has an alliance with its native energy company, Scatec AS, along with the Swedish power company, Vattenfall, and Finland's Fortum, to investigate the building of a thorium-fuelled nuclear reactor. As a result of the positive developments occurring in Scandinavia for thorium, the Board of All Star Minerals Plc believes it is important to secure a strong strategic position ahead of envisaged thorium utilization in the region.

AUSTRALIA - BULLBADGER & ERRABIDDY

The soil and auger field programme at BullBadger and Errabiddy has recently been completed, and samples are now with the laboratory for analysis. The Board looks forward to announcing these results when the Company has received them. The next field programme is set to commence within the next two months.

IAEA THORIUM CONFERENCE

The Board notes that the International Atomic Energy Agency ("IAEA") is holding a conference entitled "Thorium-Based Fuels and Fuel Cycle Options For Existing Reactors" in Istanbul, Turkey, from October 22-25. The conference, which is being hosted by the Turkish Atomic Energy Authority, will see experts and representatives from many IAEA member states gather to discuss the recent progress and developments made by thorium-fuel technology.

CONRAD WINDHAM, CHIEF OPERATIONS OFFICER, SAID:

"The move into Norway marks All Star's third country in which it now has exploration licences. Australia and Norway have been recognised for their thorium resources for a number of years now, but we also believe that Sweden harbours great potential for thorium-uranium mineralization, based upon our work there this year. We look forward to bringing investors further news on the Company's development in the near future.

I would also like to express my encouragement of the IAEA conference on thorium fuels and designs taking place this week in Istanbul, Turkey. It is encouraging to see the IAEA taking the lead in focussing and progressing the non-proliferative, low-waste opportunities that thorium-fuel technologies offer the nuclear power industry."

The Directors of the Issuer accept responsibility for this announcement.

All Star Minerals is a PLUS-quoted Company established to invest in and develop prospective mineable thorium deposits. Thorium (Th), in addition to uranium (U) can be used as a fuel for nuclear power energy. On its own thorium is unable to support a nuclear chain reaction due to it not being fissile, but inside of a reactor the element will absorb slow neutrons to produce uranium-233 (U-233), which is fissile, though virtually useless as a fuel for weapons. Uranium-233 is preferable as a nuclear fuel over uranium-235 (U-235) and plutonium-239 (Pu- 239), due to its higher neutron yield per neutron absorbed. India, for example, is committed to utilizing its large reserves of thorium for its nuclear power energy ambitions. Monazite, the mineral which is a source for thorium, hosts additional rare earth metals, including lanthanum, cerium, yttrium, and samarium, which, upon separation, can be used for commercial application.