Vancouver, B.C.: March 3, 2015 (TSXV: DSR) (“Desert Star” or the “Company“) is pleased to announce that it has closed the third and final tranche of its non-brokered private placement financing, as previously announced in news releases dated November 27, 2014 and December 30, 2014 (the ” Private Placement“). The Company received additional gross proceeds of $461,749.95 on the issuance of an additional 3,078,333 units (each a “Unit“), at a price of $0.15 per Unit. Each Unit is comprised of one common share in the Company (a “Common Share“) and one common share purchase warrant (a “Warrant“), with each Warrant entitling the holder to acquire one additional Common Share for a period of two years from the date of issuance at a price of $0.25 per Common Share.

“We are extremely pleased to have met our target to raise $2 million in these challenging markets. With the completion of the equity financing and the anticipated completion of the merger with Providence Resources Corp., Desert Star will be fully funded to complete its planned drill programs at both the Red Top and Copper King projects in Arizona, immediately upon receiving the drilling permits”, stated Vince Sorace, President and CEO of the Company.

In connection with final tranche of the Private Placement, the Company paid aggregate cash commission of $43,700. The Company also issued non-transferable finder’s warrants to purchase 291,333 Common Shares exercisable for a period of two years at a price of $0.25 per Common Share. Proceeds of the Private Placement will be used for the continued exploration of the Company’s properties and for general working capital purposes. All securities issued pursuant to the Private Placement are subject to a four month and a day hold period.

On behalf of the Board of Directors of
DESERT STAR RESOURCES LTD.


“Vince Sorace”
Vince Sorace
President and CEO, Desert Star Resources Ltd.


For further information regarding Desert Star, please email info@desertstar.ca or visit our website at www.desertstar.ca.


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