Silver Star Cancels Financing Agreement With Cornell Capital

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Silver Star Energy, Inc. www.silverstarenergy.com today announces that the Company has cancelled the financing agreement with Cornell Capital Partners, LP.

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May 24, 2005 (Press Release) -- Silver Star Cancels Financing Agreement With Cornell Capital

Silver Star Energy, Inc. (OTCBB: SVSE) today announces that the Company has cancelled the financing agreement with Cornell Capital Partners, LP. Silver Star has received from Cornell one half of a secured $1.5 million bridge loan totaling $750,000 in December 2004. This loan was provided as part of a convertible debenture that could be paid back in cash or converted to stock.
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