Bright Star Ventures Ltd.

Address:	Box 218, Suite 205, 555 Burrard St. Vancouver, B.C. Canada V7X 1M7
Tel No.:	(604) 681-3864
Fax No.:	(604) 681-1265
Toll Free No.:	1-800-884-3864
Web Site:	www.brightstar-ventures.com
Corporate Email:	info@brightstar-ventures.com
Contact Person:	Doug Hickey
Position:	Vice President Finance

Company Data

Traded Market:	CDNX
Traded Symbol:	BSV
Outstanding Shares:	8,118,118
Fully Diluted Shares:	1.5 Million
52 Week High:	$ 0.49
52 Week Low:	$ 0.23
Present Price:	$ 0.28 ( 08/30/2001 )

INTRODUCTION

Bright Star Ventures Inc. is a public company with the potential for a significant discovery of a major Platinum and/or Palladium deposit on its properties in the historical Tulameen area of British Columbia.

The Tulameen area is in the British Columbia interior and is a three hour drive from Vancouver, B.C. The area is noted for its long history of mineral exploration and production which began with the placer mining of gold and platinum on the Tulameen River and various tributaries in the 1870s. The river was the leading producer of platinum in North America during the late 1800s.

620,000 grams Platinum Group Elements (PGE) produced in the Tulameen and Similkameen rivers.

Many of these placers are related to Alaskan-type intrusions. British Columbia platinum occurrences are Alaskan-type, gabbroid-associated, flood basalt-associated and vein deposits.

PLATINUM AND PALLADIUM MARKET

With the dramatic price rise in platinum and palladium starting in the year 2000, the platinum group metal commodity markets have now created significant investors’ interest.

World demand for platinum and palladium has risen between 5 and 15% annually over the past 10 years. Supplies have remained steady and demand has been forecast to rise substantially in the future.

Platinum and Palladium are the ONLY commodities that have soared over the last decade. Now into the new millennium, Platinum and Palladium are far more valuable than gold.

Palladium prices have risen from around $120 per ounce in early 1997 to more than $1,100 recently. Platinum prices have risen from around $350 in 1999 to $640 in early January 2001. Both industrial factors such as increased demand from the jewelry and automotive sectors and political factors such as curtailed metal shipments from Russia have resulted in spectacular rises in platinum, palladium and rhodium prices during the last year and in particular, January 2000.

PROJECTS IN HAND

Bright Star has acquired major interests in several key properties in an area with significant Platinum Group metal historic production results.

The company’s three properties collectively represent 9,000 acres located in the Tulameen Ultramafic Complex and overlying Nicola Group volcanic rocks, which are considered to potentially host gold, platinum, copper, nickel, chromium, iron and diamond deposits.

Provincial Government reports confirm over 20,000 ounces of placer platinum nuggets have been recovered from this area. These properties are located at the headwaters of Olivine Creek, Champion Creek, Britton Creek, and Lawless Creek, known historically for their placer gold and platinum production.

BJP Claims (3,200 acres), Lode Stone Mountain

Highlight:

Six new drill targets identified in well developed confirmed Platinum group element Nickel, Copper, and Gold areas.

Four substantial VLF-EM conductors were defined. Two of those conductors are greater than one kilometre in length and are closely associated with soil anomalies of platinum, palladium, copper, nickel and gold.

Metallic, PGE-bearing confirmed at six locations by surface trenching. The east-central conductor contained concentrations of copper up to 1.55 per cent and traces of palladium, gold and silver, while the western conductor contained anomalous concentrations of platinum (316 parts per billion Pt), nickel (over 600 parts per million Ni) and cobalt (150 ppm Co).

One-kilometre-diameter Copper Gold soil anomaly, favorable for an alkalic porphyry target similar to the nearby Copper Mountain deposit of 53 million tons at 0.53 per cent Cu and 0.018 ounce/ton Au.

Grasshopper Mountain (1,400 acres)

Highlight:

9.26 grams per tonne over 3.05 metres identified during previous drilling by Newmont Exploration of Canada Ltd.

Significant Platinum-bearing chromite zone 800 metre long and up to 300 metres wide.

Five large out crop zones yield elevated Platinum values.

16.0 grams per tonne platinum, 0.080 grams per tonne palladium and 20% chromium over one metre chip sample.

Golden Spike Claims (4,400 acres), Olivine Mountain

Highlight:

Central core of the intrusive complex, containing chromite and chromitiferous dunite, and mantled by pyroxenites and a marginal gabbro phase.

Highly anomalous platinum values associated within these favourable host rocks, as reported by the British Columbia Ministry of Energy and Mines.

NEWS UPDATE

On August 27, 2001, Bright Star Ventures Ltd. announced that it has entered into an option agreement to acquire 100% interest, subject to 2% NSR in the 36-unit Grasshopper Platinum Claims, located in the close proximity to platinum properties recently acquired by the Company in the Tulameen River region, northwest of Princeton, B.C.

On August 16, 2001, Bright Star Ventures Ltd. announced that the commencement of a Phase 1 exploration program on the Company’s Platinum Group Element (“PGE”) claims in the Tulameen area, 14 km northwest of Princeton, B.C. The Phase 1 program comprises a detailed field study of known mineral occurrences on the claims consisting of geological mapping, extensive stream sediment sampling, and prospecting/sampling of newly discovered mineral occurrences.