First star presentation May 28 2010

TSX.V:FS

Drill Core LMS Property
Previous Drilling
713.1 grams p/t over 2m
LMS and WP Gold Projects
Goodpaster Mining District, Alaska
TSX.V: FS

About First Star Resources
TSX.V:FS

• Key objective is to discover a multi-million ounce
gold ore body.

• Properties are l
P ti located in the prolific Tintina Gold
t d i th lifi Ti ti G ld
Belt, Alaska.

• Two high potential gold properties near an existing
and producing gold mine. (Pogo)

• NI43-101 compliant resource of 167,000 ounces
gold.

• Numerous high-grade drill-ready targets for 2010
season. (Previous drilling 713.1g/t Au over 2m)

• Highly experienced technical team.

Pogo Mine Workers
P Mi W k

www.FirstStarResources.com

Management
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TSX.V:FS

Bill Wishart, CEO, President
Bill Wishart CEO President
Over 20 years experience in business and entrepreneurial environments, general management and corporate finance.
Employed in the securities industry in Canada from 1986 to 2000 as a senior investment advisor for two full service brokerage firms
involved in raising millions of dollars in investment funds for a range of private and public companies.
Dr. Karsten Eden, VP Exploration , CPG, EurGeol
D K t Ed VP E l ti CPG E G l
Certified Professional Geologist with 15 years experience in the exploration and mining industries.
Proven track record of success in the supervision and management of mineral exploration projects in Alaska, West Africa, Western
Australia and Europe. Instrumental in gold discoveries in Alaska and West Africa.
Patrick Forseille P.Geo., Director
Patrick Forseille P Geo Director
Mr. Forseille has worked in the oil and gas and mining industry for over ten years. Most recently he has been Chief Financial Officer
of Olympic Resources Ltd., an oil and gas producing company since 1997 and has also concurrently served as a director for various
other public companies in differing capacities including comptroller and exploration manager. Mr. Forseille is a Professional
Geoscientist with a Bachelor of Commerce degree in accounting. Previously, he was employed as an accountant and geologist with
Cameco Corp and Imperial Oil Resources Ltd.
C C dI i l Oil R Ltd
Ib Moller ‐ Director/Secretary
Mr. Moller is Director of First Star Resources Inc. He has owned and operated his own businesses since 1969. The scope of his
business interests include retail, transport, real estate development and leasing, as well as management training and consulting with
licensees in 27 countries world wide. Mr. Moller has significant experience and knowledge in managing the growth of small cap
companies and is a great asset to First Star Resources Inc.
Henry R. Hollett – Director
Mr. Hollett is former Mayor of the District of North Cowichan on Vancouver Island, where he served as Mayor for over ten years.
Prior to becoming Mayor he served as a councilor of the District of North Cowichan for 11 years. Mr. Hollett has been a successful
businessman for 45 years. He has extensive business experience and is very well respected in the business community in North
businessman for 45 years. He has extensive business experience and is very well respected in the business community in North
Cowichan. He has acted as a director for a number of public exploration companies over the past 30 years.


Share Structure & Financials
TSX.V:FS

Shares Outstanding: 8.6M

Shares Fully Diluted: 12.5M
Shares Fully Diluted: 12 5M

Options/Warrants: 0.3M/3.6M

Current Price: C$0.25

52 Week High/Low: C$0.50/C$0.10

Management Position
Management Position 40%
Note:
10 for 1 Rollback June 2004
10 for 1 Rollback June 2004
5 for 1 Rollback December 2008


WP & LMS : Property Locations
p y
TSX.V:FS

Recent News
March 2010
KINROSS GOLD
KINROSS GOLD
CORPORATION
ANNOUNCES PROPOSED
ACQUISITION OF
UNDERWORLD
RESOURCES INC
RESOURCES INC
(White Gold 1.4M oz Au )


Exploration Target:
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Intrusion‐related Gold
Deposits of the Pogo and
Fort Knox Types
Fort Knox Types

(Multi‐Million Ounce
Gold Deposits)
Gold Deposits)


WP Property
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N
Fort Knox Mine W E
p p
•Properties optioned from 3.7 Moz Au S
0 25
International Tower Hill KILOMETERS

(TSX:ITH) (NYSE‐A:THM)

g y
•Pogo Mine: 3km away from WP

•Fort Knox Mine : 125km away Fairbanks
Alaska Pogo Mine
5.6 Moz Au
•Entire Belt Staked WP
WP
•WP Property Property
96 Alaska State Mining Claims
18.9Sq. Km.
q Richardson Hwy

•LMS LMS
92 Alaska State Mining Claims Property Pogo Mine Road
61Sq. Km.
q


WP Property – The Deal
p y TSX.V:FS

Optioned from International Tower Hill Mines Ltd. (TSX:ITH) (NYSE‐A:THM) and its subsidiary
Raven Gold Alaska Inc.

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 a 55% interest First Star will pay US$250,000 and expend US$2.8 million on exploration
over 3 years. (Note: First Year $70,000 cash payment ‐ $400,000 work commitment.)

To earn a 100% interest First Star will expend a further US$2 million or produce a NI43‐101
compliant inferred resource of one million ounces of gold.

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.


WP Property
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WP is
3Km Away
3Km Away
Adjacent to
Pogo Claim
West Pogo
Claim Block
Claim Block

Pogo Mine
P Mi
5.6 Moz Au


WP Property
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•Located on and E‐W
belt of high‐grade
gold occurrences.

•Area of high grade
gold mineralization
confirmed.

•Visible gold was
found in several
rock samples.
k l


WP Property
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•Altered granite‐
monzonite intrusion.

•High grade gold
mineralization
(up to 118.5 g/t Au
in rock samples)

•Visible gold was
found in several
rock samples.


WP Exploration Program 2010
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•400m of core drilling
•400m of core drilling
planned.

•Target Zone:
Target Zone:
High grade gold
mineralization
assoc ated t
associated with
favorable structural
trends (E‐W Trend –
NW Trend intersection) )
in altered intrusion.


TSX.V:FS

•Drill‐test high
grade gold
anomalies along
li l
E‐W trending
structural zone.

•Conduct
geochemical
surveys along
surveys along
with geological
mapping to
identify further
identify further
gold anomalies.


LMS Property The Deal
LMS Property – The Deal TSX.V:FS

N
Fort Knox Mine W E
p p
•Properties optioned from 3.7 Moz Au S
0 25
International Tower Hill KILOMETERS

(TSX:ITH) (NYSE‐A:THM)

g y
•Pogo Mine: 3km away from WP

•Fort Knox Mine : 125km away Fairbanks
Alaska Pogo Mine
5.6 Moz Au
•Entire Belt Staked WP
WP
•LMS Property
92 Alaska State Mining Claims
61Sq. Km.
q Richardson Hwy

•WP Property LMS
96 Alaska State Mining Claims Property Pogo Mine Road
18.9Sq. Km.
q


LMS Property   The Deal
LMS Property ‐ The Deal TSX.V:FS

Optioned from International Tower Hill Mines Ltd. (TSX:ITH) (NYSE‐A:THM) and its
subsidiary Raven Gold Alaska Inc.

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 a 55% interest First Star will pay US$280,000 and expend US$3.5 million over 3 years
on exploration. (Note: First year $100,000 cash payment ‐ $500,000 work commitment.)

To earn a 100% interest First Star will expend a further US$3 million or produce NI43‐101
compliant inferred resource of two million ounces of gold.

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.


LMS Claim Block
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•NI43‐101 inferred
resource of 167,000
oz gold for the
ld f th
Camp Zone.

•Numerous gold in soil
•Numerous gold in soil
geochemical anomalies.

•NW alignment of gold
NW alignment of gold
anomalous zones
which includes the
Camp Zone and NW
Camp Zone and NW
Zone exploration
targets.


LMS Property : Vertical section through Camp Zone Resource
p y
TSX.V:FS

•NI43‐101 inferred
NI43 101 inferred
resource of 167,000
oz gold.

•Resource estimate
does not include any
high grade values.

•Target area: High
grade gold
mineralization, possibly
of the Pogo type.

Target Area


LMS Target Area
TSX.V:FS

•Target area: High grade
•Target area: High grade
gold mineralization,
possibly of Pogo type.

•Grades running up to
713.1 g/t Au. Over 2m

•System is open to the
west, east and at depth.

•Over 7 million spent
on the Property

Target Area

LMS Claim Block
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TSX.V:FS

LMS Exploration Program 2010
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•Camp Zone: 1500m of
Camp Zone: 1500m of
core drilling planned

•NW Zone: 450m of
trenching planned.

•Geochemical surveys
planned along with
geological mapping to
identify further gold
anomalies.


LMS Exploration Program 2010
TSX.V:FS

•1500m of core
drilling planned.

•Target Zone:
High grade gold
mineralization
associated with Target Zone
favorable structural
trends (E‐W Trend
trends (E‐W Trend
‐ NW Trend
intersection).


Summary
y TSX.V:FS

 First Star’s key objective is to discover a multi‐million
ounce gold ore body.
ounce gold ore body

 The LMS and WP prospects are high potential gold
properties near an existing and producing gold mine
(Pogo).

 Numerous drill‐ready targets with a high chance of
success.
success

Excellent share capital structure (8.6 million in shares).

 The Exploration Budget for the LMS and WP Projects
combined is estimated with US$ 1,500,000.

 Entering into private placements for the sale of
Entering into private placements for the sale of
7,500,000 units at CDN$0.20 per unit for a total of
CDN$1,500,000.  Each unit consists of one common
share at  $0.20 and one share purchase warrant at
$0.25 good for 18 months with a forced conversion at
$0.90.

Contact Information
TSX.V:FS

Contact: Mr. Bill Wishart
Mr. Bill Wishart
Website: www.firststarresources.com
Address: Suite 214, 1118 Homer Street
Suite 214 1118 Homer Street
Vancouver, BC V6B 6L5
Phone: 604‐609‐‐0555
Toll Free: 1‐877‐609‐0555
Email: info@firststarresources.com
info@firststarresources com
DISCLAIMER
This presentation includes “forward‐looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statement, other than statements of
historical fact, included herein including, without limitation, statement regarding anticipated completion of engineering studies, potential results of drilling and assays, timing of permitting,
construction and production and other milestones, and First Star’s future operating or financial performance are forward‐looking statements. Estimates of reserves and resources area also
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forward‐looking statements in that they involve estimates of the mineralization that would be encountered, based on interpretation of drilling results and certain assumptions, if a deposit were
developed and mined. Forward‐looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from First Star’s expectations include
financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for
cooperation of government agencies and Native groups in the development of First Star’s properties; the need to obtain permits and governmental approvals; risks of operations such as
accidents, equipment breakdowns, bad weather, non‐compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates;
unexpected cost increases, fluctuations in metal prices and currency exchange rates, and other risks and uncertainties disclosed in First Star’s Annual Information Form for the current year,
p p y g y
filed with the Canadian securities and regulatory authorities, and in other First Star reports and documents filed with applicable securities and regulatory authorities from time to time. First
Star’s forward‐looking statements reflect the beliefs, opinions and projections on the date the statements are made. First Star assumes no obligation to update forward‐looking statements of
management beliefs, opinions, or other factors should they changes.


First star presentation May 28 2010

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First star presentation May 28 2010