TORONTO, May 11 /CNW/ - Hilary Vieira, President of Star Navigation Systems Group Ltd. (TSX.V: SNA) (FSE: s3o) is pleased to announce that, subject to TSX-V acceptance, Star has completed a non-brokered private placement for gross proceeds totaling $1,302,610 representing 3,721,743 units at $0.35 per unit. Each unit is comprised of one common share and one common share purchase warrant that entitles the holder to purchase an additional common share at $0.45 until May 8, 2007. Proceeds from the private placement are for general working capital purposes. About Star Navigation.... Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the worldwide license to a product without peer, its proprietary, patented In-flight Safety Monitoring System - ISMS(TM), the first system in the world to feature in-flight data-analysis, - monitoring and -diagnostics with a real-time connection between aircraft and ground. Its real-time capability of tracking performance-trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator. Certain statements contained in this News Release constitute forward- looking statements. When used in this document, the words "may", "would", "could", "will" and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements. Such statements reflect Star's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Star's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. %SEDAR: 00009078E