CHICAGO, January 23, 2006 (MARKETWIRE) – (Other OTC: AMRS.PK) American Stellar Energy, Inc. is pleased to announce that, due to the companies focus on the production and exploration of precious metals as outlined below, management and the board of directors believe that changing the name will contribute to the goal of becoming a recognized leader in the mining industry. Therefore, a consent resolution has been sent out to a significant portion of our shareholders to approve a name change to "Tara Gold Resources Corp."

American Stellar Energy is a producing Gold and Silver Company with four projects at various development stages; all four are located in the Sierra Madre Occidental gold-silver belt where other gold/silver exploration projects are ongoing. It is adjacent to the Palmarejo Mining District, where Palmarejo Silver and Gold have announced a resource of 3.1 million gold-equivalent ounces, and just South of Gammon Lake Resource's Ocampo gold-silver deposit which was recently announced as a resources of over 10 million gold-equivalent ounces. Brief project summaries are provided below.

La Currita; is four mining concessions with operating mines. This includes rights derived through an affiliated company which has been granted a mining exploration concession regarding the mining estate called "La Currita". La Currita includes an operating processing plant capable of processing up to 150 tons per day of ore.

San Miguel Groupings; include several concessions and approximately twelve past producing mines, including the high grade former producing San Luis mine. The company has entered into a "Joint Venture Agreement" with Paramount Gold, whereby they have currently earned a 25% interest, but have the right to earn up to a 70% interest in the project by spending US$2.5 million, delivering 700,000 shares, and making various payments.

La Blanca; under a "Joint Purchase Agreement" with Paramount Gold Mining Corp, it has acquired four concessions known as the La Blanca property that totals 140 hectares and is located adjacent to American Stellar Energy's San Miguel Project. In 1991, War Eagle Mining, a Canadian publicly listed company, drilled 50 RC holes totaling 5,552 meters into the La Blanca silver prospect and outlined a 450 meter long by 200 meter wide zone. War Eagle calculated this zone to contain 6 million tonnes averaging 4.7 ounces of silver with a 2 ounce cutoff and 0.013 ounces gold. War Eagle reported that bench scale metallurgical tests indicated that 90% of the silver and gold could be recovered using floatation.

La Millonaria; property consists of four mining concessions that total 875 hectares in area. The property includes formerly producing gold mines. The State of Chihuahuas' Direccion General de Fomento Economico conducted a preliminary evaluation in 1993 of the waste dump material at the La Millonaria mine, concluding that approximately 27,000 tons of material is present with an average gold grade of 9.7 g/ton ( 0.283 oz/ton) and an average silver grade of 96.7 g/ton ( 2.82 oz/ton). Preliminary metallurgical testing by the Fomento Economico indicated that 50 to 70% of the gold present in the dump material is recoverable by conventional milling and flotation methods.

Details to these projects can be found on the Company's web site at: www.americanstellarenergy.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

CONTACT:
American Stellar Energy, Inc.
Website: http://www.americanstellarenergy.com
Francis R. Biscan Jr.: 630-462-2079
Email: Richard@americanstellarenergy.com
IR / Clayton Smith: (503) 618-0370 / 888-601-9983