Bema Gold Withdraws Intention to Bid For Arizona Star Shares

TORONTO, May 6 /CNW/ - Paul Parisotto, President and CEO of Arizona Star
Resource Corp. (TSX-V: AZS), said today that Bema Gold's decision, announced
late yesterday, that it would not proceed with its bid for Arizona Star shares
"clearly points to the fact that Bema knew it had no chance of success given
the poor performance of its shares over the past four months." Bema announced
on December 20, 2004 that it intended to proceed with a bid of 1.85 Bema
shares for each share of Arizona Star.
Paul Parisotto noted that "Bema has failed to meet the expectations it
created when it announced its intention to bid. We are therefore seeking
advice concerning the legal and financial consequences of Bema's actions. I
would also confirm that we are not aware of any material adverse changes
affecting the Cerro Casale project."
In response to Bema's intention to bid for Arizona Star shares, the
Company appointed a Special Committee of the Board and retained National Bank
Financial Inc. to assist it in reviewing the offer and to explore other
strategic alternatives to maximize shareholder value. Rudi Fronk, Chairman of
the Special Committee, stated that "the Committee will now obtain the advice
of its advisors on how best to proceed with the value maximizing process."
Arizona Star holds a 25% interest in the Cerro Casale gold-copper project
located in Chile. Placer Dome holds a 51% interest in the project and is the
operator. Bema Gold holds the remaining 24%.

The TSX Venture Exchange neither approves nor disapproves the information
contained in this News Release. Arizona Star Resource Corp. trades on the TSX
Venture Exchange under the symbol AZS.

Some of the statements contained in this release are forward-looking
statements, such as estimates and statements that describe the Company's
future plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in such
statements.
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