Uranium Licence Registered in Sweden

The Board of All Star Minerals Plc ("All Star" or "the Company") is pleased to announce that the Company has registered the Gilpas Number 1 licence area in Northern Sweden, located 40 kilometres North-East of the Arjeplog municipality in the Norbotten County. Gilpas Number 1, which covers 13 square kilometres, was registered as a result of the Company's research into the potential for thorium and uranium exploration in Sweden. This research has already resulted in All Star acquiring the 26 square kilometre Samon licence, located 20 kilometres North-West of the Jokkmokk municipality.

As a result of this research, All Star identified and registered Gilpas Number 1, where two boulders discovered at surface in 1980-1981 returned grades of 29% uranium (290,000 parts per million). The extremely high-grade uraniferous boulders are located around 300 metres apart on forested ground along the known direction of major ice flow. They were discovered by the boulder tracing technique, which focussed in upon a local area that had been identified as a result of high uranium assays in geochemical drainage surveys. The extremely high-grade radioactive boulders are comprised of uranium minerals with some chlorite, hematite, sericite, feldspar and epidote. Due to the strong alteration the host rock has not yet been defined.

Whilst the Gilpas area is underlain by rocks of granitic composition, altered gneissic rocks of a volcanic/sedimentary origin have been noted in the region to the North-West. The Gilpas area has an excellent infrastructure, being easily accessible by car, using several recently constructed forest roads that pass through the area. All Star has planned an exploration programme for Gilpas, which will commence imminently. The area where the high-grade uraniferous boulders are situated will be relocated and resampled, along with the surrounding boulder sites being surveyed by a handheld scintillometer in a gridline survey. Geochemical sampling in the surrounding forested hills will also be carried out.

CONRAD WINDHAM, CHIEF OPERATIONS OFFICER, SAID:

"I am pleased to announce a further property for the All Star exploration portfolio. Gilpas now takes our exploration portfolio to four properties, with two in Western Australia and two in Northern Sweden. The two extremely high grade uraniferous boulders make Gilpas a very attractive early stage property. We are working on the corporate side at ways of expediting development at our Swedish assets and hope to be able to announce news on this front in the coming weeks. Additionally, we continue to evaluate prospective thorium and uranium properties that the board feels will add value to the company's exploration portfolio."

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.