Elysee Development Corp (ASXSF)

[Ed Monton]

More money for ASX


ALBERTA STAR DEVELOPMENT CORP.

TSX VENTURE SYMBOL: ASX
OTC Bulletin Board SYMBOL: ASXSF

DECEMBER 8, 2003 - 18:43 ET

Alberta Star Announces $1,000,000 Financing

VANCOUVER, BRITISH COLUMBIA--

Private Placement

Alberta Star Development Corp. announces that it has agreed to a
private placement of up to $1,000,000 consisting of the sale of
3,333,333 units at $0.30 each. Each unit will consist of one
common share and one-half two year non-transferable share
purchase warrant with each full warrant entitling the holder to
purchase an additional common share for $0.45 in year one and
$0.55 in year two. A total of 2,500,000 units will be sold on a
flow-through basis. The warrants comprising the flow-through
units will not qualify for flow-through benefits.

The proceeds of the private placement will be used for mineral
property exploration, a 3000+ meter Phase 2 deep-drilling program
and general working capital. A finders fee is payable in
conjunction with the offering. The private placement finder's fee
is subject to TSX Venture Exchange acceptance for filing.

ALBERTA STAR DEVELOPMENT CORP.

Tim Coupland, President

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Alberta Star Development Corp.
Tim Coupland
President
[phone]
[phone] (FAX)
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of
this News Release.