Individuals Increase Positions in Raystar Pursuant to Exercise of Warrants

Raystar Capital Ltd. (the "Company") (TSX VENTURE:RYA.H) announces that
individuals (the "Acquirers") have acquired 7,000,000 common shares ("Common
Shares") of the Company pursuant to the exercise of common share purchase
warrants of the Company ("Warrants") that were acquired pursuant to a private
placement transaction that closed on January 27, 2011. The Warrants were
acquired at an exercise price of $0.10 per share for an aggregate purchase price
of $700,000. Following the exercise of the Warrants, the Company will have
approximately 26,857,040 common shares issued and outstanding. 


This news release is being disseminated as required by National Instrument
62-103 The Early Warning system and Related Take Over Bids and Insider Reporting
Issues in connection with the filing of early warning reports ("Early Warning
Reports") regarding the acquisition of ownership and control of Common Shares by
the Acquirers as follows: 




Purchaser                                          No. of Warrants Exercised
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Lukas H Lundin, 2101 - 885 W. Georgia Street,                               
 Vancouver, British Columbia V6C 3E8                               2,334,000
Douglas Forster, Suite 3244 - 1055 Dunsmuir                                 
 Street, Vancouver, British Columbia V7X 1L3                       2,333,000
Blayne Johnson, Suite 3244 - 1055 Dunsmuir Street,                          
 Vancouver, British Columbia V7X 1L3                               2,333,000



The Common Shares acquired by each Acquirer together with all common shares of
the Company owned by each Acquirer represent approximately 17% of the issued and
outstanding shares of the Company. 


The Acquirers acquired the Common Shares for investment purposes only and may,
from time to time, acquire additional securities of the Company, dispose of some
or all of the existing or additional securities they hold or will hold, or may
continue to hold their current positions.


Copies of the Early Warning Reports may be found on www.SEDAR.com. 

RAYSTAR CAPITAL LTD.

Edward Farrauto, Chief Executive Officer