First Star Resources 2010 Drilling on LMS 2.51 g/t Gold and 9.84 g/t Silver Over 19.05 Meters

High Grade Gold Mineralization Encountered in Graphitic Quartzite Breccia and Lower Gneiss Zone

VANCOUVER, November 10, 2010 - First Star Resources Inc. (TSX-V: FS) ("First Star") is pleased to
announce the results of the company's 2010 drilling program on the LMS Gold
Project, its flagship property in Alaska under Joint Venture with Corvus Gold
Inc (a spin off from International Tower Hill ). (TSX: KOR). In September,
First Star drilled three NC core holes totalling 3,618 feet (1,103 meters)
within the Camp Zone area of LMS. The goals of this drilling program were to
1) expand the gold-bearing graphitic quartzite breccia, and 2) to identify
the extent of high grade gold vein zones in the lower gneiss zone. All three
holes were designed to intersect the gold-bearing graphitic quartzite breccia
and to drill test a NE-striking structural corridor within the lower gneiss
zone that is known to contain high grade gold mineralization. First Star
believes this corridor to be an important structural control for gold
mineralization.

Highlights of this year's drilling program for the gold-bearing graphitic
quartzite breccia include 19.05 meters of 2.51 g/t gold and 9.84 g/t silver,
including 0.76 meters of 11.2 g/t gold and 5.85 g/t silver in drill hole
LM-10-39; and 9.14 meters of 1.65 g/t gold and 15.38 g/t silver, and 2.9
meters of 12.47 g/t gold and 6.02 g/t silver, including 1.07 meters of 28.7
g/t gold and 9.89 g/t silver in drill hole LM-10-38.

Drill results for the NE-striking structural corridor include 0.76 meters
of 43.9 g/t gold and 5.34 g/t silver, and 1.68 meters of 6.12 g/t gold and
0.76 meters of 95.20 g/t silver in drill hole LM-10-39; and 1.52 meters of
4.36 g/t gold and 8.26 g/t silver in drill hole LM-10-38.

VP of Exploration Dr. Karsten Eden stated. "These results are very
encouraging. The thickness of the gold bearing graphitic quartzite breccia
appears to be greater than previously thought. Not only did we encounter
significant gold and silver grades within the graphitic quartzite breccia,
but also directly above and below the graphitic quartzite breccia in schist.
We are also very pleased with the high grade gold and silver drill intercepts
through the NE-striking structural corridor as they support our exploration
model of "feeder zones". An aggressive drilling program for the LMS camp zone
is warranted.

Significant results of drill holes LM-10-37, LM-10-38 and LM-10-39 are
presented in the tables below:

Table 1: Significant drilling results of drill hole LM-10-37, Camp Zone,
LMS Gold Project, Alaska

    Hole ID   From   To   Interval Interval Gold  Silver
              (ft)  (ft)    (ft)     (m)    (g/t) (g/t)
    LM-10-37    475   485       10     3.05         9.86
    Including   475   480        5     1.52        18.00
    LM-10-37    520   589       69    21.03  0.82   6.18
    Including 531.5 533.6      2.1     0.64  1.92  12.45
    Including 546.4 548.3      1.9     0.58  6.14   6.03
    Including 548.3   552      3.7     1.13        10.95
    Including   552 555.5      3.5     1.07        11.35
    Including   564 568.2      4.2     1.28  1.78   6.84
    Including 568.2   573      4.8     1.46        11.30
    Including   573   576        3     0.91        18.60
    Including 579.5   585      5.5     1.68  2.16   6.31
    LM-10-37    589   616       27     8.23         3.81
    Including   609 611.5      2.5     0.76        18.75
    LM-10-37    616   660       44    13.41  0.37   8.33
    Including   640 643.5      3.5     1.07        52.30
    LM-10-37    920   935       15     4.57         1.89

Table 2: Significant drilling results of drill hole LM-10-38, Camp Zone,
LMS Gold Project, Alaska

     Hole ID   From    To   Interval Interval Gold  Silver
               (ft)   (ft)    (ft)     (m)    (g/t) (g/t)
    LM-10-38   514.5  521.5        7     2.13         1.67
    LM-10-38     530    539        9     2.74  8.17   4.63
    Including    535    539        4     1.22 16.90   7.67
    LM-10-38     550    566       16     4.88         2.98
    Including    564    566        2     0.61        10.90
    LM-10-38     566    596       30     9.14  1.65  15.38
    Including    566  567.3      1.3     0.40  1.32  21.70
    Including  567.3    569      1.7     0.52  1.29  21.30
    Including    569  572.8      3.8     1.16  0.61  47.40
    Including  572.8    575      2.2     0.67  0.71  16.50
    Including    584    587        3     0.91  0.70  12.15
    Including    591  593.5      2.5     0.76 11.60   7.21
    LM-10-38     612  616.5      4.5     1.37  1.44   3.07
    LM-10-38     637  652.5     15.5     4.72         2.80
    LM-10-38   652.5    662      9.5     2.90 12.47   6.02
    Including  565.5    660      3.5     1.07 28.70   9.89
    LM-10-38     676    884        8     2.44         3.90
    LM-10-38     714  720.3      6.3     1.92  1.95
    LM-10-38     953    956        3     0.91  1.23   1.63
    LM-10-38    1064   1069        5     1.52  4.36   8.26
    Including 1066.5   1069      2.5     0.76  7.80   3.75
    LM-10-38  1275.5 1284.3      7.8     2.38  1.05   6.34
    Including 1275.5 1277.5        2     0.61  1.08  21.10
    Including   1282 1284.3      2.3     0.70  2.06
    LM-10-38  1396.5   1399      2.5     0.76  1.75   8.14
    LM-10-38    1479   1481        2     0.61         4.02

Table 3: Significant drilling results of drill hole LM-10-39, Camp Zone,
LMS Gold Project, Alaska

     Hole ID  From   To   Interval Interval Gold  Silver
              (ft)  (ft)    (ft)     (m)    (g/t) (g/t)
    LM-10-39    727 789.5     62.5    19.05  2.51   9.84
    Including 728.5   731      2.5     0.76 11.20   5.25
    Including 733.5   735      1.5     0.46  2.22  25.30
    Including 747.5 749.5        2     0.61  6.96  27.10
    Including 749.5   752      2.5     0.76  5.19  22.20
    Including 764.5 766.5        2     0.61  0.93  37.70
    Including 766.5 768.5        2     0.61 11.10  16.65
    Including 768.5 770.5        2     0.61 10.10  17.95
    Including   777   779        2     0.61  6.14  20.10
    LM-10-39  789.5 806.5       17     5.18         4.54
    LM-10-39  876.5   879      2.5     0.76  1.31  34.90
    LM-10-39    879 881.5      2.5     0.76  1.99  95.20
    LM-10-39    890 892.5      2.5     0.76 43.90   5.34
    LM-10-39    896 901.5      5.5     1.68  6.12   1.56

The LMS claim block is located in the Goodpaster Mining District of
Alaska and consists of 92 State of Alaska mining claims covering 61 square
kilometres. Gold mineralization is believed to be intrusive related, similar
to the Pogo Gold Mine (+ 5 million ounces) operated by Sumitomo Metal Mining
Pogo LLC, located 40 kilometers to the northeast.

The work program at LMS was designed and supervised by Dr. Karsten Eden,
the Vice President Exploration of First Star Resources. All exploration work
was conducted by First Star's exploration contractor Pacific Rim Geological
Consulting of Fairbanks, Alaska. Pacific Rim personnel at the project
photographed the core from each individual drill hole prior to preparing the
split core. Pacific Rim personnel at the project logged and tracked all
samples prior to sealing and shipping. All sample shipments were sealed and
shipped to ALS Chemex in Fairbanks, Alaska, for preparation and then on to
ALS Chemex in Reno, Nevada, or Vancouver, B.C., for assay. ALS Chemex's
quality system complies with the requirements for the International Standards
ISO 9001:2000 and ISO 17025:1999. First Star also had its own quality control
/ quality assurance programs in place.

The technical information in this news release was reviewed by Dr.
Karsten Eden, First Star's Vice President Exploration, and a Qualified Person
as defined in NI 43-101.

About First Star Resources Inc.

First Star Resources is a junior exploration company focused on gold
exploration in the world famous Tintina Gold Belt in Alaska. The Tintina Gold
Belt hosts major gold deposits and several mines, such as; Fort Knox Mine-3.7
million oz. gold, the Donlin Creek deposit 33.5 million oz. gold , the
Livengood deposit, 8.1 million oz gold, White Gold deposit 1.4 million oz
gold (Recently taken over by Kinross Gold Corp), and the Pogo Mine 5.6
million oz gold, which is adjacent to one of First Stars Resources' key
targets for this year, the WP property. The LMS and West Pogo properties have
well defined Gold Targets which First Star Resources is drilling.

Visit the Company's website, www.firststarresources.com

ON BEHALF OF THE BOARD
John Campbell, President & CEO

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others, risks related to actual results of current exploration activities;
changes in project parameters as plans continue to be refined; future prices
of resources; possible variations in ore reserves, grade or recovery rates;
accidents, labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion of
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from time to time in First Star Resources's interim and annual financial
statements and management's discussion and analysis of those statements, all
of which are filed and available for review on SEDAR at www.sedar.com.
Although First Star Resources has attempted to identify important factors
that could cause actual actions, events or results to differ materially from
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    For further information:

    Investor Relations
    Joey Sherren
    +1-604-628-4510
    ir@FirstStarResources.com

For further information: Investor Relations, Joey Sherren, +1-604-628-4510, ir at FirstStarResources.com