Madoro Metals Corp.

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/22/11 -- Megastar Development Corporation ('Megastar', the 'Company' or 'MDV') (TSX VENTURE: MDV)(FRANKFURT: M5Q) is pleased to announce that further to its news release dated June 21, 2011, has closed its non-brokered private placement financing and issued 6,715,265 units at a price of 10 cents per unit for gross proceeds of $671,526. Each unit consists of one common

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/21/11 -- Megastar Development Corporation ('Megastar', the 'Company' or 'MDV') (TSX VENTURE: MDV)(FRANKFURT: M5Q) announces that it is amending the previously announced financing on June 3, 2011. The Company will now be proceeding with a financing of up to $650,000 by the way of a non-brokered private placement offering (the 'Offering').

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/03/11 -- Megastar Development Corporation ('Megastar', the 'Company' or 'MDV') (TSX VENTURE: MDV)(FRANKFURT: M5Q) is pleased to announce that it has arranged a financing of up to $1,005,000 by way of a non-brokered private placement offering (the 'Offering').

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/04/11 -- Megastar Development Corporation ('Megastar', the 'Company' or 'MDV') (TSX VENTURE: MDV)(FRANKFURT: M5Q) announces that effective as of the opening of trading of the TSX Venture Exchange (the 'Exchange') on Wednesday May 4, 2011, the Company will consolidate its common share capital on the basis of one (1) post-consolidated common share for every four (4

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/31/11 -- Megastar Development Corporation (TSX VENTURE: MDV)(FRANKFURT: M5Q) ('Megastar', the 'Company' or 'MDV') announces that the board of directors of the Company (the 'Board') has determined to proceed with the proposed share consolidation previously approved by shareholders at the Special Meeting of Shareholders of Megastar (the 'Meeting') held on December 20

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/30/11 -- Megastar Development Corporation ('Megastar' or the 'Company') (TSX VENTURE: MDV)(FRANKFURT: M5Q) wishes to advise that the reorganization of its business through the completion of a Plan of Arrangement, as detailed in the November 25, 2010 Information Circular and which included a share exchange by the Megastar shareholders of record on January 7, 2011 of the

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/17/11 -- Megastar Development Corporation ('Megastar' or the 'Company') (TSX VENTURE: MDV)(FRANKFURT: M5Q) today announced the completion of its Plan of Arrangement and dividend distribution of 70,000,000 common shares of Eloro Resources Ltd. ('Eloro') to Megastar shareholders of record on January 7, 2011. The ratio of distribution is 1.6616329869 Eloro shares for each

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/11 -- Megastar Development Corp. ('Megastar' or the 'Company') (TSX VENTURE: MDV)(FRANKFURT: M5Q) is pleased to announce that it has received the final technical report on its 12,400 hectare Ralleau Copper-Zinc Project (the 'Property') from MRB & Associates of Val-d'Or, Quebec (the 'MRB'). The Property is located in Quebec, approximately 50 kilometres east of the town

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/14/11 -- Megastar Development Corporation ('Megastar', the 'Company' or 'MDV') (TSX VENTURE: MDV)(FRANKFURT: M5Q) today updated shareholders regarding the status of its recently announced plan of arrangement and dividend distribution of 70,000,000 common shares of Eloro Resources Ltd.

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/11/11 -- Megastar Development Corporation ('Megastar', the 'Company' or 'MDV') (TSX VENTURE: MDV)(FRANKFURT: M5Q) today updated shareholders regarding the status of its recently announced plan of arrangement and dividend distribution of 70,000,000 common shares of Eloro Resources Ltd.