Alberta Star Announces Normal Course Issuer Bid

Alberta Star Development Corp. (TSX VENTURE:ASX)(OTCBB:ASXSF)(FRANKFURT:QLD)
(the "Company") announces today its intention to make a normal course issuer bid
(the "Bid") to purchase for cancellation, from time to time, as it considers
advisable, up to 1,700,000 of its issued and outstanding common shares, being
approximately 7.85% of the Company's currently outstanding common shares and
approximately 9.66% of the Company's Public Float (as that term is defined in
the policies of the TSX Venture Exchange (the "Exchange")). Commencement of the
Bid is subject to the approval of the Exchange. The Bid will be conducted in
accordance with applicable securities laws and the policies of the Exchange.
Purchases will be made on the open market through the facilities of the
Exchange. Jordan Capital Markets Inc. of Vancouver, British Columbia will
conduct the Bid on behalf of the Company. 


The price which the Company will pay for any shares purchased by it will be the
prevailing market price of such common shares on the Exchange at the time of
such purchase. The Bid will commence no earlier than three trading following
receipt of approval of the Exchange and will terminate on one year from such
date, or such earlier time as the applicable Bid is completed or at the option
of the Company.


The Company purchased 487,000 of its common shares pursuant to a normal course
issuer bid during the previous 12 months. The weighted average price paid per
common share was $0.171. 


The Board of Directors of the Company believes that the current and recent
market prices for the Company's common shares do not give full effect to their
underlying value and that, accordingly, the purchase of common shares under the
Bid will increase the proportionate share interest of, and be advantageous to,
all remaining shareholders. The normal course purchases will also afford an
increased degree of liquidity to current shareholders who would like to dispose
of their shares and will serve to stabilize the market price for the Company's
shares.


On behalf of the Board of Directors

Stuart Rogers, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the
term is defined in the Policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alberta Star Development Corp.
Stuart Rogers
President
(604) 689-1749
srogers@alberta-star.com

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