StarGold Mines Inc. is a U.S.-based, publicly-traded gold mining company which holds rights to develop and extract natural resources. One hundred percent (100%) of its assets are located in Europe, primarily in the Siberian and Far Eastern Federal Districts of Russia. The company's strategy is to seek investment and acquisition opportunities in Russia and Eastern Europe, with the aim of developing a portfolio of natural resource opportunities attractive to Western investors.

On August 27, 2007 StarGold Mines completed the acquisition of 100% of UniverCompany LLC, a Russian Limited Liability Company. UniverCompany's principal mining assets consist of rights to the "Nerchinskie" minerals & metals deposit, which StarGold believes contains significant amounts of gold and silver, and approximately 17% of the "Karalon" deposit, which the Company believes has both precious metals and other scare resources such as copper, lead and tin. The balance of the purchase price for Nerchinskie of approximately $26 million USD must be paid by UniverCompany prior to January 2013. Under an agreement dated December 2006, UniverCompany has the option to acquire the remaining 80% of the Karalon deposit in return for a payment of $2.8 million USD.

The Company's efforts are mainly concentrated on the exploration and appraisal of placer and ore deposits for the development and employment of advanced methods of processing and extraction of precious metals (gold, silver) and scarce resources (copper, lead, tin, scandium, etc.).

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this web site, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," or "inferred," which may not be consistent with the reserve definitions established by the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-KSB, File No. 000-51197. You can review and obtain copies of these filings from the SEC's website at http://sec.gov/edgar.shtml