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India Star Energy (IMIC)

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Tuesday 31 January, 2006

India Star Energy

Issue of Equity

India Star Energy plc
31 January 2006

India Star Energy plc

£150,000 placing with Starvest PLC

India Star Energy plc is pleased to announce that it has raised £150,000 through
the placing of 15,000,000 ordinary shares of the Company at 1p per share with
Starvest PLC, an investment company.

An application has been made for the admission of the new Ordinary Shares to
trading on the AIM Market. The new shares will rank pari passu with the existing
ordinary shares of the Company and dealings in these shares are expected to
commence on 6 February 2006.

Following the placing Starvest PLC now holds 25,000,000 shares equalling 15.15%
of the 165,000,000 issued shares of the Company.


Paul Mc Groary, Chief Executive                07930 568 160

Smit Berry, Non-Executive Chairman             020 8656 4648

                      This information is provided by RNS
            The company news service from the London Stock Exchange