ALBERTA STAR DEVELOPMENT CORP
Suite 506 - 675 West Hastings Street Vancouver British Columbia V6B 1N2
Telephone: (604) 681-3131 Facsimile: (604) 408-3884
Alberta Star Development Corp. (the “ Company ”) (TSXV – ASX) announces that the Company and
Kootenay Gold Inc. (“ Kootenay ”), have terminated their previously announced (see press release dated March
8, 2010) agreement for a joint bid to acquire Sterling Mining Company (“ Sterling ”) and the Sunshine Mine
pursuant to a bankruptcy auction to be held on April 21, 2010. The Company is a “qualified bidder” under the
Sterling plan of reorganization.
Sterling is currently a debtor-in-possession in Chapter 11 Bankruptcy in the District of Idaho, U.S.A. Sterling is
engaged in the business of acquiring, exploring, developing and mining mineral properties primarily those
containing silver and associated base and precious metals. Sterling operates the Sunshine Silver Mine in Idaho
and has exploration projects in Idaho, U.S.A.
Sterling has filed its Second Amended Disclosure Statement (“ Disclosure Statement ”) in the bankruptcy
proceedings. The Disclosure Statement has been approved by the United States Bankruptcy Court for the
District of Idaho, U.S.A. (the “ Court ”) and contains a Plan of Reorganization (“ Plan of Reorganization”) of
Sterling. The Plan of Reorganization proposes an auction process for 100% of the issued and outstanding
common stock of Sterling entitling the purchaser to all assets of Sterling.
The key dates for the auction process are as follows:
The Plan of Reorganization sets forth specific bidding procedures and processes which must be followed. The
Plan of Reorganization and the Disclosure Statement are available at (a) the Clerk’s Office of the U.S.
Bankruptcy Court for the District of Idaho, located at 6450 N. Mineral Dr., Couer d’Alene, ID 83815; or (b)
online at https://ecf.idb.uscourts.gov/cgi-bin/login.pl (a fee-based registration is required to access the information