NOVASTAR RESOURCES RECIEVES NOTIFICATION THAT THORIUM POWER SHAREHOLDERS HAVE
APPROVED THE MERGER


Washington D.C. (April 17, 2006) -- Novastar Resources Ltd. (OTCBB: NVAS) has
today announced that Thorium Power, Inc. ("Thorium Power") shareholders have
voted in favor of completing the previously announced merger between the two
companies. Holders of 57.89% of the issued and outstanding capital stock of
Thorium Power have signed a Written Consent approving the transaction with
Novastar Resources Ltd. ("Novastar") whereby Novastar will acquire one hundred
percent (100%) of the outstanding common stock of Thorium Power through a
reverse merger with a wholly owned subsidiary of Novastar. Once the planned
merger is completed, Thorium Power will become a wholly-owned subsidiary of
Novastar and the stockholders of Thorium Power will become stockholders of
Novastar. Novastar Resources and Thorium Power entered into a definitive merger
agreement to combine the two companies on February 14, 2006 and the closing of
the merger is expected during the second calendar half of 2006.

Full details of this shareholder approval, by Thorium Power
stockholders, will be disclosed in a Form 8K to be filed in the near future.

Commenting on the endorsement from Thorium Power shareholders, Novastar
and Thorium Power Chief Executive Officer Seth Grae commented "Today marks a
major milestone towards completing the merger between Thorium Power and Novastar
Resources. It is very encouraging that every Thorium Power shareholder who was
asked to sign the Written Consent did so, voting in favor of completing the
merger as contemplated in the definitive merger agreement of February 2006."


About Novastar Resources

Novastar Resources is a publicly traded company within the commercial mining
sector and is a commercial mining firm engaged in the exploration of thorium, a
naturally occurring metal that can be used to provide nuclear energy, with
non-proliferation, waste and economic advantages, in comparison to standard
uranium fuels. Novastar Resources' stock is traded and quoted on the OTC
Bulletin Board under the symbol "NVAS.OB". Further information is available on
Novastar Resources' website at www.novastarresources.com.

About Thorium Power

Thorium Power was founded in 1992 to develop technology invented by Dr. Alvin
Radkowsky, the first chief scientist of the U.S. Naval Reactors program under
Admiral H.G. Rickover from 1950-1972 and head of the design team of the first
commercial nuclear power plant in Shippingport, Pennsylvania. Thorium Power was
formed to develop and deploy nuclear fuel designs developed by Dr. Radkowsky to
stop the production of weapons suitable plutonium and eliminate existing
plutonium stockpiles. Thorium Power has been collaborating with nuclear
scientists and engineers at Russia's prestigious Kurchatov Institute since 1994.
For more information, please visit www.thoriumpower.com.


DISCLAIMER

This press release may include certain statements that are not descriptions of
historical facts, but are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements may include the
description of our plans and objectives for future operations, assumptions
underlying such plans and objectives, statements regarding benefits of the
proposed merger and other forward-looking terminology such as "may", "expects",
"believes", "anticipates", "intends", "expects", "projects" or similar terms,
variations of such terms or the negative of such terms. There are a number of
risks and uncertainties that could cause actual results to differ materially
from the forward-looking statements made herein. These risks, as well as other
risks associated with the merger, will be more fully discussed in any joint
proxy statement or prospectus or other relevant document filed with the
Securities and Exchange Commission in connection with the proposed merger. Such
information is based upon various assumptions made by, and expectations of, our
management that were reasonable when made but may prove to be incorrect. All of
such assumptions are inherently subject to significant economic and competitive
uncertainties and contingencies beyond our control and upon assumptions with
respect to the future business decisions which are subject to change.
Accordingly, there can be no assurance that actual results will meet
expectations and actual results may vary (perhaps materially) from certain of
the results anticipated herein.

Contact:

Contacts:
Novastar Resources Ltd.
Mr. Seth Shaw
Director of Strategic Planning
(917) 796-9926
http://www.novastarresources.com


Source: Novastar Resources Ltd.