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Star Gold Corp. Announces Initiation of Exploration Program at Excalibur Project, Nevada

Date: February 05, 2009

POST FALLS, Idaho--(BUSINESS WIRE)--Star Gold Corp. (OTCBB: SRGO) (hereafter "Star Gold"), a gold and base metal exploration company, announced today that it has initiated a work program on its Excalibur project, located 20 miles southwest of Mina, Nevada. Geologic mapping and geochemical sampling are planned and will be centered on the currently held claims. Geochemical samples will be analyzed for gold, silver and associated elements.

Lindsay Gorrill, Star Gold's President and Chief Executive Officer (CEO), states: "We are pleased to begin work on our Excalibur Project. Given previous reported observations on the claims, we look forward to obtaining new data that will allow us to better gauge our project."

The Excalibur Project is located within a major gold/silver producing belt know as the Walker Lane, which hosts the nearby Borealis and Goldfield districts. The current land position consists of eight (8) unpatented mining claims covering a mineralized zone approximately 3,000 feet long and 600-1,000 feet wide.

Star Gold has contracted MinQuest Inc., a private mineral exploration company based in Reno, Nevada, to conduct the work program. Included in the program will be the mapping of rock types, alteration and structure, as well as rock chip sampling of any alternation found. Work is anticipated to be completed and professional recommendations made by late spring, 2009.

MinQuest Inc. states: "Excalibur's alteration consists of sheared, silicified and iron oxide-stained shale and sandstone of the Triassic Excelsior Formation. Initial work indicates that there are three additional areas of alteration located nearby."

About Star Gold Corp.

Star Gold Corp. is a gold and base metal exploration company with the purpose of evaluating, developing and acquiring gold projects of merit with a focus on the United States, Canada and Mexico.

Star Gold Corp. has compiled a management team that has the knowledge, experience and motivation to find quality properties at different stages of development in order to fulfill their corporate mission.

Disclaimer

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Star Gold Corp (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."