Ruddock Creek Project Update

March 14, 2007

Vancouver, British Columbia - Doublestar Resources Ltd. ("Doublestar" or the "Company") is pleased to provide the following summary of the results from the 2006 exploration program on the Ruddock Creek Property, which is located 100 km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia (the "Property"). In 2006, Selkirk Metals Corp. ("Selkirk"), the operator, completed 14,740 metres of diamond drilling in 48 holes, mainly focused on better defining and extending the E Zone.

E-Zone:

The 2006 drill program confirmed Doublestar and Selkirk's understanding that the mineralization at the E Zone consists of a planar sheet of massive sulphides, which dips to the northwest at 45 degrees and plunges to the west at approximately 40 degrees. Hole RD-06-153 is the most westerly drill hole completed in 2006 and plots approximately 1.1 km west of the surface outcrop of the mineralization. The massive sulphide horizon remains open downdip to the west. Detailed drilling at the eastern end of the E Zone has shown the mineralized body to be up to 400 m wide and varying in thickness from less than 5 m to over 35 m. Sufficient drilling to constrain the width of the mineralized horizon has only been completed over the easternmost 150 m of the deposit. Sulphides occur as a series of semi massive to massive lenses of sphalerite and galena hosted by a calc silicate rock and separated by pegmatite bodies. The metamorphic event, which produced the pegmatites has also remobilized the sulphides resulting in localized thickening of the massive sulphide horizons.

Structurally the deposit is continuous with the exception of the west dipping E fault, which cuts the massive sulphides at approximately the mid point of the current drill pattern, or about 600 m west of the surface outcrop. In the immediate area of the E Fault the massive sulphide horizon shows evidence of thinning due to movement along the fault plane, and a small offset due to rotation of the units.

The following table highlights the significant results from the 2006 drill program on the E Zone:

Metallurgical work carried out by SGS Lakefield Research Limited on the sulphide mineralization has shown the material to be composed dominantly of sphalerite with lesser galena, pyrrhotite and pyrite. No significant quantities of any deleterious trace elements have been detected. Testwork is ongoing on the ore to determine the optimum method of processing, including a DMS (heavy liquid separation) circuit to assess its amenability to upgrading prior to floatation. Positive results with this process would allow the incorporation of significantly lower grade material into resource calculations and potentially into the production of direct shipping ore. As part of the metallurgical program, Acid-Base accounting of the country rock and the ore horizon has indicated that the host rock will not be acid producing.

Creek Zone:

Drilling of the Creek Zone consisted of 10 holes, all of which intersected the mineralized horizon and showed it to be continuous over a 100 m by 100 m area. This material is visually the same as the E Zone and the assay results are similar. The drilling was concentrated around the area of hole T-77-6 which is located approximately 500 m east of the Lower T Zone, which is likely a continuation of the same horizon. The Creek Zone forms part of a series of massive sulphide showings exposed at surface, which include the Lower and Upper T Zones. In total these zones, which exhibit similar characteristics, indicate a continuous sulphide horizon with a strike length of over 1 km. These dimensions are similar to the dimensions of the E-Zone that has been the focus of exploration on the Ruddock Creek Property to date.

The following table summarized the significant results from the 2006 drill program on the Creek Zone:

Engineering and Environmental Studies:

Construction of an access road to the Light Lake core logging area commenced in July of 2006 and by the end of the season had progressed to within 600 m of the lake. This road will provide access to the planned camp area for the 2007 activities. Selkirk and Doublestar expect to commence underground work with the collaring of an exploration decline this summer. The decline will be approximately 1 km in length and driven at a minus 15% grade. It will intersect the E-Zone at or near its western extension and drill holes RD-05-113 and RD-06-152. Cross cuts will be completed to both the east and west to allow for the necessary delineation drilling and engineering. Approximately 10,000 m of underground diamond drilling is planned. The site of the decline has been chosen and will entail an additional 2 km of road construction around Light Lake to the portal site.

The baseline environmental studies required for project advancement were initiated in the spring of 2006. This has entailed the establishment of a permanent weather station, detailed systematic water quality studies covering all drainages, wildlife and fisheries studies and surveys.

Planned Exploration of Balance of the Ruddock Creek Sulphide System:

The Ruddock Creek Property was initially discovered in 1960 and explored by Falconbridge until 1963 and by Cominco from 1975 until 1977. This resulted in the discovery of 12 zones of significant zinc and lead mineralization and the definition of the "Ruddock Creek Sulphide System". Research has confirmed that the sulphide mineralization is a "BHP SEDEX" deposit. The E, Creek and T Zones are located at the eastern end of the "Ruddock Creek Sulphide System", which has been defined by previous exploration to extend for over 5 km. Previous exploration on the other zones within the Sulphide System included surface mapping, sampling and shallow drilling, resulting in the discovery of massive sulphide mineralization in all zones over widths from 2 m to over 14 m. With the delineation of sufficient tonnage, any one of these zones would become a new target for development. Significant drill results from

these zones are included in the following table:

In addition to the underground exploration and development program on the E-Zone, a $4.5 million exploration program of geological mapping, trenching and diamond drilling to evaluate the potential of the most prospective of these zones is planned. This is expected to add further to the resource outlined in the E-Zone and to the overall resource potential of the Ruddock Creek Property.

In summary, Selkirk and Doublestar have successfully met all objectives of the 2006 exploration program, which has justified the plan to accelerate development of the Ruddock Creek Property through an extensive 2007 program of underground development, surface exploration and engineering studies. Selkirk and Doublestar are now in the process of planning for this program and expect operations to begin in April or May.

Exploration on the Ruddock Creek Property is being conducted under the supervision of the Selkirk's Qualified Person (as defined by NI 43-101), Jim Chapman, P.Geo. All samples were analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 7AR methodology.

Doublestar Resources Ltd., holds an undivided 30% interest in the Ruddock Creek Property under the terms of a joint venture agreement with Selkirk Metals Corp. (TSX.V:SLK) who hold 70%. Selkirk is the Operator of the Ruddock Creek Joint Venture. The merger between Selkirk and Doublestar announced March 1, 2007 will, if approved, result in the combined companies holding a 100% interest in the Ruddock Creek Property.

Doublestar also advises that it has terminated the Investor Relations consulting agreement with M. William McCarty announced on August 25th, 2006. The termination is consequent on the offer by Selkirk to acquire Doublestar by plan of arrangement that was announced March 1, 2007. Incentive stock options to acquire up to 80,000 shares of Doublestar will be cancelled in favor of a $5,600.00 payment made to Mr. McCarty.

About Doublestar Resources
Doublestar Resources Ltd. is a Canadian mineral resource company and leading owner and developer of advanced and grass roots precious and base metal and industrial mineral properties. The Company seeks to create solid shareholder returns in an environmentally responsible fashion to benefit future generations. For more details, call Doublestar Investor Relations at 604 688-7377, or visit Doublestar on the web at www.doublestar.net .

On Behalf of the Board of Directors,

Alan Savage
Chief Executive Officer and Chairman
Phone: 604-688-7377
www.doublestar.net

This news release may contain forward looking statements based on assumptions and judgments of management regarding events or results that may prove to be inaccurate as a result of exploration or other risk factors beyond its control. Actual results may differ materially from the expected results. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release.