Investment in Astar

Paternoster Resources plc

("Paternoster" or the "Company")

Restructuring of Astar Minerals ("Astar")

Paternoster is pleased to note the announcement by Astar of its proposed restructuring to become an investment company under the AIM rules, focused on the natural resources sector. As part of this restructuring, Paternoster has subscribed for 74 million new shares in Astar at the placing price of 0.15 pence, for an aggregate consideration of £111,000. As a result, post restructuring, Paternoster will hold 86 miilion shares in Astar, representing a shareholding of 29%.

Nicholas Lee, Chairman said

"The restructuring of Astar will allow the company to refocus and pursue a new strategy as an investment company"

For more information please contact:

Paternoster Resources plc:

Nicholas Lee, Chairman +44 20 7580 7576

Nominated Advisor and Joint Broker:

Westhouse Securities

Antonio Bossi / Paul Gillam +44 20 7601 6100

Joint Broker:

Peterhouse Capital Limited

Jon Levinson +44 20 7562 3351