ASP Transatlantic Mining Corporation

Archean Star Resources Inc (TSX VENTURE:ASP) ("Archean" or the "Company")
announces that, due to a substantial oversubscription, and subject to acceptance
for filing by the TSX Venture Exchange ("TSX-V"), it is increasing its
previously announced non-brokered Private Placement consisting of up to
6,000,000 Units, at $0.08 cents per Unit, with each Unit consisting a one common
share and one common share purchase warrant exercisable at $0.18 cents, to up to
13,000,000 Units at $0.08 cents per Unit for gross proceeds of up to $1,044,000.
All other terms and conditions of the previously announced financing remain the
same.


The proceeds from the financing are to be used for the Gnaweeda Gold Project and
for general and corporate purposes. 


The Company has granted 600,000 incentive stock options exercisable at $0.15
cents for five years to directors, officers and consultants of 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.


ON BEHALF OF THE BOARD

Graeme O'Neill, President

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