Madoro Metals Corp.

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.

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/24/10 -- Megastar Development Corporation ('Megastar', the 'Company' or 'MDV') (TSX VENTURE: MDV)(FRANKFURT: M5Q) today provided clarification regarding its earlier announcement of the ex-dividend date relating to the record date for the distribution (the 'Distribution Record Date') of the 70,000,000 common shares of Eloro Resources Ltd.(or approximately 23,333,333

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/23/10 -- Megastar Development Corporation ('Megastar', the 'Company' or 'MDV') (TSX VENTURE: MDV)(FRANKFURT: M5Q) today provided clarification regarding its recent announcement of a new record date for the distribution (the 'Distribution Record Date') of the common shares of Eloro Resources Ltd. (the 'Eloro Shares') under the terms of the Company's shareholder approved

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/22/10 -- Megastar Development Corporation ('Megastar', the 'Company' or 'MDV') (TSX VENTURE: MDV)(FRANKFURT: M5Q) today announced that its previously announced arrangement under the Business Corporations Act (British Columbia) (the 'Arrangement') has received the requisite shareholder approval at the Company's special meeting of shareholders held on December 20, 2010

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/15/10 -- Megastar Development Corporation ('Megastar', the 'Company' or 'MDV') (TSX VENTURE: MDV)(FRANKFURT: M5Q) wishes to announce that at its annual general meeting held on December 7, 2010 the shareholders re-elected Dusan Berka, Gary Musil, Richard Roy and newly elected Chris Staargaard as directors of the Company for the upcoming year. We welcome Mr. Staargaard

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