Vancouver, BC, Canada, June 5, 2012 – Megastar Development Corporation (“Megastar”, the “Company” or “MDV”) (TSX-V: MDV; Frankfurt: M5Q) is pleased to announce that further to its  news release dated March 21, 2012, has closed its non-brokered private placement financing and issued 11,000,000 units at a price of 10 cents per unit for gross proceeds

Vancouver, BC, Canada, March 21, 2012 – Megastar Development Corporation (“Megastar”, the “Company” or “MDV”) (TSX-V: MDV; Frankfurt: M5Q) is pleased to announce that it has arranged a financing of up to $1,100,000 by way of a non-brokered private placement offering (the “Offering”).   The Offering consists of the issuance of up to 11,000,000 units