Megastar Development Corporation announced that it has signed a Definitive Option Agreement with Paradex Inc. and Minera Zalamera, S.A. DE C.V. to acquire 100% undivided interest in certain mineral concessions known as the Rama de Oro project located in the state of Oaxaca, Mexico.

In connection with the Option, upon receipt of the required regulatory approvals, Mr. David Jones, President of Paradex and Minera Zalamera, will be appointed to the Board of Directors of Megastar and shall also become a technical advisor/consultant to the Company in relation to its exploration activities in Mexico. For the past 16 years he has worked extensively in epithermal precious metals system in Oaxaca and was responsible for targeting the recent discovery of Gold Resource Corporation's polymetallic Switchback mine. Mr. Jones was a board member of Cayden Resources Inc. and is currently a director of both Minaurum Gold Inc. and the private concern Acapulco Gold.