Overview

Alberta Star is pleased to announce that it has entered into a binding term sheet (the "Agreement") with Sterling Mining Company ("Sterling") whereby the Company has entered into a binding agreement to acquire a controlling interest in Sterling and its assets and provide for financing of Sterling's ongoing operations.

STERLING MINING COMPANY
Sterling is currently a debtor-in-possession in Chapter 11 Bankruptcy in the District of Idaho, U.S.A. Sterling is engaged in the business of acquiring, exploring, developing and mining mineral properties primarily those containing silver and associated base and precious metals. Sterling operates the Sunshine Silver Mine in Idaho and has exploration projects in Idaho, U.S.A. Sterling was incorporated under the laws of the State of Idaho on February 3, 1903 and its common shares are currently listed on the OTCBB: SRLMQ and Frankfurt Stock Exchange: SMX.

THE SUNSHINE SILVER MINE
The Sunshine Mine located near Coeur d'Alene Idaho, U.S.A. and has been one of the world's largest producers of silver, having recorded production of over 360,000,000 ounces of silver since 1904. A 2007 Canadian "National Instrument 43-101- Standards of Disclosure for Mineral Projects", report by Behre Dolbear & Company estimated remaining resources as follows: Measured and Indicated resources of 31.51 million ounces of silver in 1.43 million tons at 21.8 ounces of silver per ton; Inferred resources of 231.5 million ounces of silver in 2.28 million tons at 101.6 ounces of silver per ton. The Behre Dolbear & Co. National Instrument 43-101 report is considered historic in nature and is used to illustrate the ongoing resource potential of the Sunshine Mine. The Report can be found on file under Sterling's profile with the U.S. Securities and Exchange Commission and available in Canada at;
43-101 Report