Star Resorts Cerro Bayo Mountain Resort Project Overview

MIAMI--(Business Wire)--
Star Resorts Development, Inc., (the "Company") (OTCBB:SRDP)
headquartered in Miami, Florida, is a publicly traded U.S. company
focused on emerging growth property markets. Star Resorts is pleased
to provide an overview of its exciting Cerro Bayo Mountain Resort
project located in Patagonia, Argentina.

Cerro Bayo Mountain Resort

Star Resorts has a 25% ownership interest in the high-end Cerro
Bayo Mountain Resort. The all-season, boutique development is located
just outside Villa La Angostura in Patagonia, Argentina. As a major
shareholder, Star Resorts is positioned to benefit from the
development's projected net profit of over $100 million (SOURCE:
Fiducia Capital Group, 2007).

The Cerro Bayo Mountain Resort is an established and exclusive
year round tourist destination within the Nahuel Huapi National Park -
one of the world's most beautiful and largest national parks at 1.9
million acres. With a world-class view of Nahuel Huapi Lake, the
resort has attracted over 90,000 visitors during the spring/summer
months. Visitors enjoy Cerro Bayo's endless outdoor activities
including kayaking, fishing, hiking, mountain biking and rock
climbing. During the past year's winter months, Cerro Bayo welcomed
over 26,000 visitors of all skill levels to its 20 signaled ski and
snowboard runs.

Current development's vision takes the resort to a whole new
level. The existing ski resort will be upgraded while 1,300 acres of
real estate development will enhance the surrounding alpine village.
Multiple developments include a private gated community and over
400,000 square meters dedicated to luxurious ski-in ski-out villas,
condominiums, 3 hotels, as well as commercial, spa, retail and
restaurant developments. An additional 121 acres were bought in
December 2007 to enhance the beginner's slopes and create new areas
for luxury villas. A concession of another 500-plus public acres was
approved by the Province of Neuquen in December 2007. After the
concession is ratified by the newly elected government, part will be
developed and exploited for 60 years after which it will be returned
to the Province, and the other part will become privately owned and
developed for sale and exploitation by the resort. The Cerro Bayo
project timeline runs until 2015 with pre-sales that will start in
2008 for its hotel and commercial developments.

The Cerro Bayo project is currently under the direction of two of
Argentina's most experienced upscale developers, Fiducia Capital
Group, and Proideas Business Development with whom Star Resorts
partnered to buy the Mountain Resort.

Fiducia Capital Group is a Buenos Aires-based developer that has
developed and commercialized over 15 million square meters of
large-scale residential and hospitality projects in Argentina,
including: the Santa Maria de Lobos Polo Ranch, Spa & Resort which has
a slew of foreign celebrity buyers such as Hollywood actor Tommy Lee
Jones; the Villa Maria Residential, Golf and Polo community; the Santa
Maria de los Andes Vineyard Estate in Mendoza; and the Moreno Hotel in
Buenos Aires.

Proideas Business Development is a Buenos Aires-based development
company specializing in large-scale Argentinean real estate projects.
Current developments include the Docks 2 & 3 and Puerto Madero Parking
in Buenos Aires, and the Nautic Lane that Proideas is co-developing
with Fiducia Capital Group and Star Resorts.

To date Star Resorts has invested over US $4 million into the
Cerro Bayo Mountain Resort project. An additional US $650,000 has also
been invested into the additional land acreage related to the Cerro
Bayo project.

"We are selective about the projects we invest in and the
developers we work with," said Alejandro Aparicio, President and CEO
of Star Resorts. "The Cerro Bayo project will be built to the highest
standards, offering the latest equipment and systems for the ski
center and breakthrough design and construction techniques for the
resort and residential developments. We are eager to start working
towards realizing our vision and believe Cerro Bayo will become one of
the most sought-after and unique leisure and residential developments
in South America."

Further Information

Shareholders and prospective investors are encouraged to visit
Star Resorts Development website: www.star-resorts.net and download
Star Resorts Executive Summary. Please feel free to call investor
relations toll-free at 1-877-445-2244 to receive a full corporate
investor's package.

About Star Resorts Development, Inc.

Star Resorts Development is a publicly traded U.S. company with
headquarters in Miami, Florida. Star Resorts is focused on emerging
growth property markets and aims to secure and develop a portfolio of
real estate projects in association with proven high-end developers.
The Company is currently involved in multiple projects in South
America and is seeking to continue investing at the early stage of
promising projects in undervalued markets or "opportunity" locations
with the goal of maximizing its equity stake and increasing its return
on investment. Star Resorts Development trades on the NASD OTCBB under
the ticker symbol: "SRDP".

On behalf of the Board

Alejandro Aparicio

Forward-Looking Statements

Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and
uncertainties. Words such as "expects", "intends", "plans", "may",
"could", "should", "anticipates", "likely", "believes" and words of
similar import also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses and
other information that are based on forecasts of future results,
estimates of amounts not yet determined and assumptions of management,
including, but not limited to, the Company's belief that Star Resorts
Development can identify and successfully negotiate real estate
projects in prime "opportunity" locations in emerging markets. Actual
results may differ materially from those currently anticipated due to
a number of factors beyond the reasonable control of the Company.
Additional information on risks and other factors that may affect the
business and financial results of the Company can be found in filings
of the Company with the U.S. Securities and Exchange Commission.

Star Resorts Development, Inc.
Alejandro Aparicio, President, 1-877-445-2244
ir@star-resorts.net
www.star-resorts.net

Copyright Business Wire 2008