VANCOUVER, B.C., Nov. 1, 2002 (PRIMEZONE) -- Bright Star Ventures Ltd. (TSX Venture Exchange:BSV), subject to regulatory approvals, wishes to announce a 1.25 million unit private placement at $.20 per unit to various investors for gross proceeds of $250,000. The units will consist of one flow-through common share and one common share purchase warrant, of which two share purchase warrants with the payment of $.20 in the first year, or $.25 in the second year can acquire an additional flow-through share.
The proceeds of this private placement will be used to fund exploration programs on the Company's platinum and palladium properties in the Tulameen area, Princeton, B.C.
For information on the company call 1-800-884-3864, or visit our website at www.brightstar-ventures.com
On behalf of the Board
"Reg Handford", President & Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.