Alberta Star Agrees to Sale of Oil and Gas Assets for $1.875 Million

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Alberta Star Agrees to Sale of Oil and Gas Assets for $1.875 Million

April 9, 2013

Alberta Star Development Corp. (TSXV: ASX; OTC BB: ASXSF) has entered into an agreement with an arms-length purchaser for the sale of its heavy oil assets in Alberta and Saskatchewan for total consideration of $1,875,000 payable in cash at closing, subject to industry standard adjustments.

Closing is scheduled for April 22, 2013, subject to acceptance for filing by the TSX Venture Exchange.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Robert Hall, Corporate Development, Director
Alberta Star Development Corp.
Tel: (604) 488-0860
rthall@shaw.ca

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.