Archean Star Resources Inc. ("Archean" or the "Company") (TSX VENTURE:ASP)
announces that it has advised Teck Australia Pty. Ltd. ("Teck") that of the
AUD$3,000,000 required under the Option Agreement between Archean and Teck to
earn 100% of Teck's interest in the Gnaweeda Gold Project ("Gnaweeda") at
Meekatharra in the Murchison Gold District, Western Australia by November 30,
2013, it has expended AUD$1,969,537 on property expenditures as of the second
anniversary of the four year term Agreement.


The Company anticipates that, subject to market conditions and financing, it
will complete the balance of the expenditures to earn 100% of Teck's interest in
Gnaweeda towards the end of the first quarter of 2012.


The Company has planned a nominal 3,000 meter diamond drill program at the
approximately 170 square km Gnaweeda property that is anticipated to commence
during the first week of November, 2011. Up to 6 diamond drill holes are to be
drilled at the approximately 2.5 km by 750 meter Turnberry zone in the north of
the project area that will initially target three earlier identified higher
grade gold zones within the main Turnberry zone, including the zone where the
Company intersected 3 meters grading 8.27 g/t Au and 22 meters grading 2.46 g/t
Au in diamond drill hole TB003. 


This will be followed up with a nominal 6 hole diamond drill program at the
approximately 1 km long Bunarra zone, approximately 18 km to the south of
Turnberry, where at Bunarra central, diamond drill hole BN003 intersected a gold
bearing mineral suite identified as quartz-tourmaline-arsenopyrite-pyrite hosted
in gabbro. Diamond drill hole BN003 intersected 18 meters at an average grade of
11.71 g/t Au while hole BN005 intersected 79 meters at an average grade of 0.31
g/t Au. 


Re-logging of the Bunarra diamond drill core has determined that in BN008, this
same gold-bearing suite was intersected approximately 48 meters higher up than
in BN003, from approximately 51 to 66 meters downhole, in a mostly weathered and
oxidized part of the zone. The reported intersection further down BN008 of 7
meters grading 1.19 g/t Au from 100 meters to 107 meters down hole, including a
1meter intersection grading 7.3 g/t Au, differs from the BN003 intersection in
that the gold is in a newly recognized mineral style at Bunarra, namely a
quartz-chlorite-fluorite vein. As fine grains of visible gold are present in the
quartz veins in this intersection, with the largest approximately .75 mm by 0.5
mm in size, the Company intends to conduct a metallic screen re-assay on this
sample. 


The Bunarra zone was originally interpreted to trend from the southwest to the
northeast and is now interpreted to consist of one or more parallel zones
trending from the north-northwest to the south-southeast. Historic workings are
present approximately 500 meters along strike to the north-northwest and 700
meters along strike to the south-southeast and the zone is open along strike and
to depth, with an interpreted dip to the west.


The Company has granted 450,000 incentive stock options exercisable at $0.10
cents for five years to directors, officers, and consultants to the Company. 


Archean Star Resources Inc. is a junior exploration company that, through its
wholly owned subsidiary, Archean Star Resources Australia Pty Ltd, has entered
into an Option Agreement, subject to a 75% back in right, to earn 100% of Teck
Australia Pty Ltd's interest in Chalice Gold Mines Limited's Gnaweeda Gold
Project in West Australia. Kent Exploration Inc. (TSX VENTURE:KEX) with
approximately 10,000,000 shares, or 35% of the outstanding common shares, is the
controlling shareholder of Archean.


This News Release has been prepared on behalf of the Archean Star Resources Inc.
Board of Directors, which accepts full responsibility for its contents. This
news release has been reviewed by Dr. Clay M. Conway, P.Geol. a Qualified Person
as recognized by National Instrument NI-43-101 and a director of the Company.


ON BEHALF OF THE BOARD

Graeme O'Neill, President
Transatlantic Mining Corporation (TSXV:ASP)
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