ASP Transatlantic Mining Corporation

Archean Star Resources Inc. (TSX VENTURE:ASP) (the "Company" or "Archean")
announces that it has advised Teck Australia Pty Ltd. ("Teck") and Chalice Gold
Mines Limited, ("Chalice") that Archean has completed the 2012 - 2013 Joint
Venture expenditure on the Gnaweeda Gold Project ("Gnaweeda"). Under the terms
of the underlying Joint Venture Agreement between Teck and Chalice, and the
current Option Agreement between Archean and Teck, Archean is the Operator of
the Joint Venture.


Chalice elected not to fund its pro-rata share of the Gnaweeda 2012 - 2013 Joint
Venture expenditure, and, pursuant to the Teck-Chalice Agreement, Chalice has
been diluted to an approximately 13% ownership of Gnaweeda, with the Teck
ownership percentage increasing to 87%. 


To date Archean has spent approximately AUD$2,771,256 or 92.4% of the required
AUD$3,000,000 expenditure required to earn Teck's interest in the Gnaweeda
Property, subject to Teck having a 75% back in right. 


The approximately 170 sq km Gnaweeda Greenstone Gold Belt, which is
substantially underexplored, has the potential to host similar size gold
deposits to the nearby Meekatharra gold fields that have historically produced
approximately 3.5 million ounces of gold. Gnaweeda is located in the northeast
area of the highly prolific Murchison Greenstone Gold Belt where, historically,
over 18 million ounces of gold have reportedly been produced. 


Subject to the approval of the TSX-V, the Company announces the grant of 800,000
incentive stock options to Officers, Directors, Employees or Consultants of the
Company exercisable for five years at a price of $0.18 per common share.


Archean Star Resources Inc., is a junior exploration company listed on the TSX
Venture Exchange that is creating shareholder value by earning, through its
wholly owned subsidiary, Archean Star Resources Australia Pty Ltd, 100% of Teck
Australia Pty Ltd.'s ("Teck") interest, subject to a 75% back in right in such
interest to Teck, in Chalice Gold Mines Limited's Gnaweeda Gold Project in
Western Australia. 


This News Release has been prepared on behalf of the Archean Star Resources Inc.
Board of Directors, which accepts full responsibility for its contents.  


ON BEHALF OF THE BOARD

Graeme O'Neill, President 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Archean Star Resources Inc.
Graeme O'Neill
President
(604) 684-3394
(888) 282-7763 (FAX)
www.archeanstar.com

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