Archean Star Announces Co-Funding Agreement for Gnaweeda Gold Project

Archean Star Resources Inc. (TSX VENTURE:ASP) ("Archean" or the "Company")
announces that it has received approval for a co-funded exploration drill
program on the Gnaweeda Gold Project in the highly prolific Murchison Gold Field
in Western Australia, from the Government of Western Australia Department of
Mines and Petroleum ("DMP").


The Company applied to the DMP under its exploration co-funding program to
co-fund the Company's planned $300,000 plus diamond drill program at Gnaweeda
and the granted funding from the DMP is for $150,000.


Diamond drilling is planned for both the Far East and Bunarra gold prospects,
approximately 14 km and 17 km respectively, south of the Turnberry gold prospect
that was the subject of the most recent drill program. The more significant gold
intersections at Bunarra were 18 meters grading 11.79 g/t Au and 79 meters
grading 0.31 g/t Au. These intersections were located in the approximate center
between two significant identified SAM ('Sub-Audio Magnetotelluric') anomalies.


Multiple gold intersections on the Far East gold prospect from prior RAB
drilling has not been followed up by diamond drilling, despite multiple meter
gold intervals grading up to 7 g/t Au. The multiple gold intersections have been
overlain on the approximately 1 km long anomaly identified in the recent SAM
survey (http://www.archeanstar.com/sam.jpg) and show a positive correlation with
the anomaly.


On completion of this program, the Company will have completed the required
expenditures to earn, subject to a 75% back in right, 100% of Teck Australia Pty
Ltd's interest in Gnaweeda.


Archean Star Resources Inc. is a junior exploration company that, through its
wholly owned subsidiary, Archean Star Resources Australia Pty Ltd, has entered
into an Option Agreement, subject to a 75% back in right, to earn 100% of Teck
Australia Pty Ltd's interest in Chalice Gold Mines Limited's Gnaweeda Gold
Project in West Australia. Kent Exploration Inc. (TSX VENTURE:KEX) with
approximately 10,000,000 shares, or 22% of the outstanding common shares, is the
largest shareholder.


This News Release has been prepared on behalf of the Archean Star Resources Inc.
Board of Directors, which accepts full responsibility for its contents. This
news release has been reviewed by Dr. Clay M. Conway, Ph.D., P.Geol., a
Qualified Person as recognized by National Instrument NI-43-101 and a director
of the Company.


ON BEHALF OF THE BOARD

Graeme O'Neill, President