First Star Announces Intent to Option the LMS and WP Gold Prospects From International Tower Hill Mines Ltd.

VANCOUVER, March 26, 2010 - Trading Symbol: TSX-V: FS

First Star Resources (FS - TSX:V) announced today it has signed Letters
of Intent with International Tower Hill Mines Ltd. (ITH - TSX, NYSE-A - THM)
and its subsidiary Raven Gold Alaska Inc. for the exploration and development
of each of the LMS gold prospect and the WP gold prospect, both located in
the Goodpaster Mining District. The LOI's give First Star the right to earn a
100% interest in each of the projects.

LMS Gold Project

—————-

First Star President & CEO Bill Wishart noted, "Acquisition of this gold
project marks the return of First Star to its mining roots. Our intention is
to form a gold exploration and development company around these projects. In
the coming weeks we will be building our technical staff and preparing for an
active season of drilling."

The LMS claim block is located in the Goodpaster Mining District and
consists of 92 State of Alaska mining claims covering 61 square kilometres.
The prospect is believed to be an intrusion-related vein system, with
similarities to the Pogo deposit operated by Sumitomo Metal Mining Pogo LLC
that was discovered in the mid 1990's. The gold mineralization in the LMS
claim block occurs with strongly silicified and brecciated zones that are
associated with a low-angle shear zone within, and marginal to schist units.
The outcrop exposure of this zone has produced samples up to 6.2 g/t Au and
the zone has been defined through drilling to a down-plunge depth of 500m.

Under the terms of the agreement, First Star has the ability to earn an
initial 55% interest, and a second option to earn a further 45% for a total
100% interest. To earn the 55% interest First Star will pay US$280,000 and
expend US$3.5 million on exploration. To acquire a 100% ownership, First Star
will fund the project through to an advanced exploration stage by spending a
further US$3 million prior to December 31, 2015, or by producing, filing and
having accepted by the TSX Venture Exchange a NI43-101 compliant inferred
resource of two million ounces of gold using a 0.3 g/t cutoff grade,
whichever costs less. An NSR royalty of 3% or 4% on gold/silver and 1% on all
other products will be payable to Raven. The royalty can be reduced by 1% by
paying Raven US$3 million.

West Pogo Gold Project

———————-

The West Pogo prospect is located in the Goodpaster mining district,
Alaska, and represents a high-grade intrusion-related vein system gold
target. The West Pogo claim block consists of 96 State of Alaska Mining
Claims covering 18.9 square kilometres. The claims are immediately to the
west of the Pogo Mine and can be accessed from the mine road. The gold
mineralization discovered to date is related to high-temperature quartz veins
like those at the Pogo mine with similar trace-element values (high rock
sample 11 g/t Au with high Bi and Te). Dominant structures on the property
are east-west shear zones related to northwest and northeast trending fault
zones. New gold discoveries along the west margin of the Pogo mine property
are encouraging for the WP project's potential.

Under the terms of the agreement, First Star has the ability to earn an
initial 55% interest, and a second option to earn a further 45% for a total
100% interest. To earn the 55% interest First Star will pay US$250,000 and
expend US$2.8 million on exploration. To acquire a 100% ownership, First Star
will fund the project through to an advanced exploration stage by spending a
further US$2 million prior to December 31, 2015, or by producing, filing and
having accepted by the TSX Venture Exchange a NI43-101 compliant inferred
resource of one million ounces of gold using a 0.3 g/t cutoff grade,
whichever costs less. An NSR royalty of 3% or 4% on gold/silver and 1% on all
other products will be payable to Raven. The royalty can be reduced by 1% by
paying Raven Gold US$3 million.

Up to the maximum finder's fee allowable may be payable in any
combination of the cash or shares in connection with the foregoing
transactions. Completion of the transaction contemplated in this news release
is subject to certain conditions including, without limitation, the signing
of a definitive agreement and approval of the TSX Venture Exchange.

Completion of the transactions contemplated in this news release are
subject to certain conditions including, without limitation, satisfactory due
diligence by First Star, the signing of definitive agreements and acceptance
for filing by the TSX Venture Exchange on behalf of First Star.

The Company also wishes to announce that it has entered into private
placements for the sale of 7,000,000 units at CDN$0.35 per unit for a total
of CDN$2,450,000, where each unit consists of one common share of the Company
and a share purchase warrant having an 18 month exercise term, where one
whole warrant may be exercised for the purchase of one further common share
of the Company at the exercise price of CDN$0.55 per common share, subject to
the following acceleration provision: if the closing trading price for the
common shares of the Issuer as traded on the TSX Venture Exchange is equal to
or greater than CDN$0.90 per common share for 10 consecutive trading days
(the "Threshold Period"), then the Company shall issue a press release
announcing the occurrence of the Threshold Period. The Subscriber shall have
until 4:00 pm (Vancouver, BC Time) of the 30th calendar day after the date of
dissemination of the press release to exercise the share purchase warrants
(the "Accelerated Expiry Date"). The share purchase warrants shall expire on
the earlier of the last day of the 18 month exercise term or the Accelerated
Expiry Date. The proceeds of the private placement shall be used for working
capital. Up to the maximum finder's fee comprising of any combination of
cash, shares and/or warrants will be paid to eligible finders in relation to
this financing.

The Company intends to conduct a drilling program on each of the LMS gold
prospect and the WP gold prospect during 2010.

The technical information in this news release was reviewed by Dr.
Karsten Eden, a consulting geologist, and a Qualified Person as defined in NI
43-101.

ON BEHALF OF THE BOARD

Bill Wishart, President & CEO

"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."

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act and Section 27E of the Exchange Act. All
statements, other than statements of historical fact, included herein
including, without limitation, statements regarding the anticipated content,
commencement and cost of exploration programs, anticipated exploration
program results, the discovery and delineation of mineral
deposits/resources/reserves, business and financing plans and business
trends, are forward-looking statements. Information concerning mineral
resource estimates also may be deemed to be forward-looking statements in
that it reflects a prediction of the mineralization that would be encountered
if a mineral deposit were developed and mined. Although the Company believes
that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are
typically identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that any
forward-looking statements by the Company are not guarantees of future
results or performance, and that actual results may differ materially from
those in forward looking statements as a result of various factors,
including, but not limited to, variations in the nature, quality and quantity
of any mineral deposits that may be located, the Company's inability to
obtain any necessary permits, consents or authorizations required for its
activities, the Company's inability to produce minerals from its properties
successfully or profitably, to continue its projected growth, to raise the
necessary capital or to be fully able to implement its business strategies,
and other risks and uncertainties disclosed in the Company's management
discussion and analysis and other information released by the Company and
filed with the appropriate regulatory agencies. All of the Company's Canadian
public disclosure filings may be accessed via www.sedar.com, and readers
are urged to review these materials, including the technical reports filed with
respect to the Company's mineral properties, carefully.

Cautionary Note Concerning Reserve and Resource Estimates

This press release uses the terms "resources", and "inferred resources".
United States investors are advised that, while such terms are recognized and
required by Canadian securities laws, the SEC does not recognize them. Under
United States standards, mineralization may not be classified as a "reserve"
unless the determination has been made that the mineralization could be
economically and legally produced or extracted at the time the reserve
determination is made. Mineral resources that are not mineral reserves do not
have demonstrated economic viability. United States investors are cautioned
not to assume that all or any part of inferred resources will ever be
converted into reserves. Inferred resources have a great amount of
uncertainty as to their existence and as to whether they can be mined legally
or economically. It cannot be assumed that all or any part of the inferred
resources will ever be upgraded to a higher category. Therefore, United
States investors are also cautioned not to assume that all or any part of the
inferred resources exist, or that they can be mined legally or economically.
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI
43-101") is a rule developed by the Canadian Securities Administrators which
established standards for all public disclosure an issuer makes of scientific
and technical information concerning mineral projects. Unless otherwise
indicated, all reserve and resource estimates contained in this press release
or released by ITH in the future, have been or will be prepared in accordance
with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum
(the "CIM") Standards on Mineral Resource and Mineral Reserves, adopted by
the CIM Council on November 14, 2004 (the "CIM Standards") as they may be
amended from time to time by the CIM. United States shareholders are
cautioned that the requirements and terminology of NI 43-101 and the CIM
Standards differ significantly from the requirements and terminology of the
SEC set forth Industry Guide 7. Accordingly, the Company's disclosures
regarding mineralization may not be comparable to similar information
disclosed by companies subject to the SEC's Industry Guide 7.

Cautionary Note Concerning Reference to Adjacent or Similar Properties

This press release contains information with respect to adjacent or
similar mineral properties in respect of which the Company has no interest or
rights to explore or mine. The Company advises US investors that the US
Securities and Exchange Commission's mining guidelines strictly prohibit
information of this type in documents filed with the SEC. Readers are
cautioned that the Company has no interest in or right to acquire any
interest in any such properties, and that mineral deposits on adjacent or
similar properties are not indicative of mineral deposits on the Company's
properties.

This press release is not, and is not to be construed in any way as, an
offer to buy or sell securities in the United States.

For further information: Bill Wishart at +1(604)609-0555 or toll free at
+1-877-609-0555

For further information: Bill Wishart at +1(604)609-0555 or toll free at +1-877-609-0555