Simkar gold project drilling program

SIMKAR Gold Project

6,125 Metre - 17 Hole Diamond Drilling Program

March 25, 2010

SIMKAR drilling results add significant potential below historic mine workings. Eloro intersects up to 20.4 g/t gold over 3.0 metres in multiple zones.

The first assay results: Drill hole SK10-12 intersected 9.4 g/t Au over a 5.9 m including 24.6 g/t Au over 2.1 m. Drill hole SK10-13 intersected 20.4 g/t Au over a 3.0 m including 40.3 g/t Au over 1.3 m. Drill hole SK10-16 intersected 4.0 g/t Au over a 5.0 m including 11.9 g/t Au over 1.0 m. The reported intersections are relatively shallow, ranging from 170 m to 275 m vertical below surface.

The drilling results to date indicate that the gold-mineralized structures are continuous over significant distances, both along strike and down-dip. The presence of higher gold grades may be indicative of localized “chutes”. Additional drilling will be required to further test the multiple targets and chutes identified to date.

For the full news release regarding initial drilling results, please see March 25th, 2010 news release.

February 2, 2010

Joint venture partner Eloro Resources Ltd. (TSX-V: ELO) has commenced a 6,000 m surface diamond drilling program at Simkar Gold Project, a former gold producing mine. The Project, wholly-owned by Megastar and under option to Eloro, is located in Louvicourt Township 20 km east of Val-d'Or, Quebec in the prolific Abitibi Greenstone Belt.

The drilling program is expected to validate historic intersections and the down plunge extension of the historic gold zones, and will incorporate the results into the 3-D mine model to help refine the projection of the gold structures from surface to below the 200 m level. Eloro is of the opinion that the presence of higher grade tension veins intersected on the Project by Megastar in 2007 surface diamond drilling (140.0 g/t gold over 0.5 m, 99.8 g/t gold over 0.3 m, 33.9 g/t gold over 1.0 m, and 31.0 g/t gold over 0.5 m) represents strong evidence of the similarities of the Simkar Gold Deposit with the 9 million ounce Sigma-Lamaque Gold Deposit located 20 km to the west.

For the full news release regarding this drilling program, please see February 2nd, 2010 news release.