Vancouver, BC, Canada, August 9, 2018 – Megastar Development Corp. (“Megastar”, the “Company” or “MDV”) (TSX-V: MDV; Frankfurt: M5QN) is pleased to announce that further to signing the three option agreements (the “Option Agreements”) to acquire a 100% undivided interest (the “Options”) in the Rama de Oro, Magdalena and Yautepec projects (the “Projects”), located in the state of Oaxaca, Mexico (see press releases dated May 10 and June 4, 2018 for more information on the Projects and the Option Agreements), the Company has proceeded with the closing of these transactions with the owner of the Projects, Minera Zalamera S.A. de C.V. (“Minera Zalamera”).