Mar. 16, 2011 (Marketwire Canada) --
VANCOUVER, BRITISH COLUMBIA -- Alberta Star Development Corp. (TSX VENTURE:ASX)(OTCBB:ASXSF)(FRANKFURT:QLD) (the "Company") is pleased to announce that, as an update to its press release of February 10, 2011, with respect of a proposed three (3) well (1.0 net well to the Company) drilling program, that the first well of the program is expected to be spudded this weekend, with the remaining two (2) heavy oil wells on adjacent sections expected to be spudded after spring break-up. All three (3) drilling locations are located on the Blackfoot property in the Lloydminster, Alberta heavy oil area, in which the Company acquired a net 33 1/3% interest in August 2010. The three well project is scheduled to include drilling and completing three in-fill heavy oil wells at the following locations: C6-24-050-02-W4, 3D-11-050-02-W4 and C7-14-050-02-W4. Once completed this program will increase the number of Lloydminster heavy oil wells that the Company has an interest in, to seventeen (17). The Company will have a 33 1/3% working interest in the three new wells. The Company's heavy oil assets are primarily concentrated in the heavy oil producing region around the Lloydminster area straddling the Alberta and Saskatchewan boundary where the Company has accumulated working interests in approximately 2,500 acres of undeveloped land.
ALBERTA STAR DEVELOPMENT CORP.
The Company is a Canadian resource exploration and development company that identifies, acquires and finances oil and natural gas assets in Western Canada and advanced stage mineral exploration projects in North America. In 2010 the Company made two heavy oil & gas acquisitions in Lloydminster, Alberta and Saskatchewan which has expanded its diversification into the oil and natural gas resource sector with the acquisition of revenue producing resource assets which compliments its existing, advanced stage mining interests. The Company is a junior heavy oil producer that is focusing on growing its production base and maximizing future production through its exploration drilling activities, production acquisitions and strategic asset acquisition both domestically and in the international arena. The recent property acquisitions have resulted in the Company having a production base and a working interest partner experienced in heavy oil activities. This should enable the Company to pursue future expansion into the oil and natural gas resource sector through exploration drilling, existing asset development and production asset acquisition.