VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2009) - Alberta Star Development Corp. (the "Company") (TSX
VENTURE:ASX)(OTCBB:ASXSF)(FRANKFURT:QLD)
is pleased to announce it has retained Progressive IR Consultants Corp.
("Progressive") as its investor relations and corporate communications service
provider. Progressive is a Vancouver based company owned by Kris Kottmeier, an
investor relations professional with over 13 years of experience providing
investor relations services for public companies. Progressive has been retained
for a period of one year, and will be responsible for the dissemination of
corporate data packages, broker presentations, broker communications, mining
analyst communications, attending trade shows and handling all shareholder enquiries
regarding the Company. Progressive will receive $7,500.00 (plus G.S.T) per
month in remuneration and be reimbursed for all approved expenses and the
Company will grant Progressive stock options to acquire 500,000 shares in the
capital of the Company at an exercise price of $0.20. The agreement and grant
of options is subject to TSX Venture Exchange approval.
ALBERTA STAR DEVELOPMENT CORP.
Alberta Star is a Canadian mineral exploration company
that identifies, acquires, finances advanced stage mineral exploration projects
in North America. The Company is committed to creating long term shareholder
value through the discovery of base and precious metals.
INVESTOR RELATIONS
Investors
are welcomed to contact Andrew Mugridge or Benjamin Curry of Progressive
Investor Relations for all corporate updates and shareholder inquiries at (604)
689-2881, or Allan Feldman (604) 948-9663, or Morgan Brewster,
Corporate Development, Alberta Star at (778) 989-2739 or mbrewster@alberta-star.com.
Forward-Looking
Statements
In the
interest of providing the Company's shareholders and potential investors with
information regarding the Company, including the appointment of Progressive as
the Company's investor relations consultant, certain statements contained in
this press release constitute forward-looking statements or information
(collectively "forward-looking statements") within the meaning of applicable
securities legislation. Forward-looking statements are typically identified by
words such as "anticipate", "continue", "estimate", "expect", "forecast",
"may", "will", "project", "could", "plan", "intend", "should", "believe",
"outlook", "potential", "target", and similar words suggesting future events or
future performance. In particular, this press release contains, without
limitation, forward-looking statements pertaining to the following:
expectations of management regarding the engagement of Progressive and the
effect of the engagement on the Company's operations.
With
respect to forward-looking statements contained in this press release, we have
made assumptions regarding, among other things: the ability of the Company to
obtain the necessary TSX Venture Exchange approval required in order to proceed
with the proposed agreement. Although the Company believes that the
expectations reflected in the forward-looking statements contained in this
press release, and the assumptions on which such forward-looking statements are
made, are reasonable, there can be no assurance that such expectations will
prove to be correct. Readers are cautioned not to place undue reliance on
forward-looking statements included in this document, as there can be no
assurance that the plans, intentions, or expectations upon which the forward-looking
statements are based will occur. By their nature, forward-looking statements
involve numerous assumptions, known and unknown risks, and uncertainties that
contribute to the possibility that the predictions, forecasts, projections, and
other forward-looking statements will not occur, which may cause the Company's
actual performance and financial results in future periods to differ materially
from any estimates or projections of future performance or results expressed or
implied by such forward-looking statements. These risks and uncertainties
include, among other things, the following: that the proposed agreement may not
proceed when planned or at all or on the terms and conditions set forth herein;
the failure of the Company to obtain the necessary TSX Venture Exchange
approval required in order to proceed with the proposed agreement and the other
factors described under "Risk Factors" in the Company's annual reports and Form
20-F available in Canada at www.sedar.com,
as well as on file with the U.S. Securities and Exchange Commission. Readers
are cautioned that this list of risk factors should not be construed as
exhaustive.
The
forward-looking statements contained in this document speak only as of the date
of this document. Except as expressly required by applicable securities laws,
the Company does not undertake any obligation to publicly update or revise any
forward looking statements, whether as a result of new information, future
events, or otherwise. The forward-looking statements contained in this document
are expressly qualified by this cautionary statement.
Statements
contained in this news release relating to future results, events, and
expectations are forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended and Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements involve
known and unknown risks, uncertainties, scheduling, re-scheduling, and other
factors which may cause the actual results, performance, estimates,
projections, resource potential, interpretations, prognoses, schedules, or
achievements of the Company, or industry results, to be materially different
from any future results, performance, or achievements expressed or implied by
such statements. Such factors include, among others, those described in the
Company' annual reports on Form 20-F on file with the U.S. Securities and
Exchange Commission and available in Canada at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.