ex10-1.htm


    Exhibit 10.1

    


    

     

    401 Bay
Street, Suite 2700, PO Box 152

    Toronto,
Ontario

    M5H
2Y4

    


    


    News
Release for immediate release

     

     

    Arizona
Star to Deregister from U.S. SEC and to Terminate its U.S. Reporting
Obligations

     

    Trading Symbol:  AMEX:
AZS

    Toronto, Ontario, Canada,
March 14, 2008

    


    Arizona
Star Resource Corp. (the “Company”) today announced its intention to file a Form
15F with the U.S. Securities and Exchange Commission (the “SEC”) to terminate
its registration and its U.S. reporting obligations under the U.S. Securities
Exchange Act of 1934, as amended (the “Exchange Act”), as soon as practicable
following the delisting and deregistration of the Company’s common shares
without par value from the American Stock Exchange (the “AMEX”).

    


    After the
filing of Form 15F, the Company’s reporting obligations in the U.S. will be
suspended immediately upon the effective date of the delisting from the AMEX.
The deregistration and the termination of U.S. reporting obligations will become
effective 90 days after the filing of Form 15F, or such shorter period as the
SEC may determine. The Company reserves the right to postpone the filing of Form
15F or to withdraw such form for any reason prior to its
effectiveness.

    


    The AMEX
has today filed an application on a Form 25 with the SEC concerning the
withdrawal of the Company’s common shares from listing and registration on the
AMEX and under Section 12(b) of the Exchange Act. The delisting is expected to
become effective 10 days after the filing of Form 25 and the deregistration 90
days after the filing of Form 25, or, in each case, such shorter period as the
SEC may determine.

    


    The
delisting and deregistration of the Company’s common shares from the AMEX and
the termination of the U.S. reporting obligations result from the successful
completion of the tender offer and subsequent compulsory acquisition by Barrick
Gold Corporation (“Barrick”) for all of the issued and outstanding common shares
of the Company. As the Company has become a wholly-owned subsidiary of Barrick,
there is no required liquidity for its common shares to be listed on the
AMEX.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    CAUTIONARY
NOTE REGARDING FORWARD LOOKING-STATEMENTS:

    


    Statements
relating to the future of Arizona Star are forward-looking statements within the
meaning of applicable Canadian and United States securities laws.
Forward-looking statements are statements that are not historical facts and are
generally, but not always, identified by words such as the following: expects,
plans, anticipates, believes, intends, estimates, projects, assumes, potential
and similar expressions. Forward-looking statements also include reference to
events or conditions that will, would, may, could or should occur. However,
forward-looking statements are subject to risks, uncertainties and other
factors, which could cause actual events and circumstances to differ materially
from future events and circumstances expressed, projected or implied by such
forward-looking statements. Arizona Star does not undertake, and expressly
disclaims, any obligation to release publicly revisions to any forward-looking
statement to reflect events or circumstances after the date of this news
release, or to reflect the occurrence of unanticipated events, except as may be
required under applicable securities laws.

    


    ARIZONA
STAR RESOURCE CORP.

    Paul A.
Parisotto

    President
and CEO

    


    For
further information, please visit www.arizonastar.com or contact:

    Paul A.
Parisotto, President & CEO

    Tel:
(416) 359-7808