Megastar Development Corp. (TSXV: MDV, Frankfurt: M5Q) – Update; Initial NI 43-101 Resource Estimate on Simkar Property Received

Fundamental analysts have issued an update on Megastar Development Corp. (TSXV: MDV, Frankfurt: M5Q) entitled “Update; Initial NI 43-101 Resource Estimate on Simkar Property Received” and dated January 20, 2009. The full report is now at www.researchfrc.com.

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