VANCOUVER, CANADA — (Marketwire) — 07/15/11 — UraStar Energy Inc. ("UraStar" or "the Company") (TSX VENTURE: URS)(OTCQX: OTCM)(FRANKFURT: 3U3) announces that it has signed a Letter of Intent ("LOI") to purchase a 100% interest in the BlackPoint Gold-Silver Project located in the Battle Mountain-Eureka Gold Trend of Nevada from Mosquito Consolidated Gold Mines Limited (TSX VENTURE: MSQ)(OTC: MQCMF) ("Mosquito"). The Project consists of 896 acres and is