Arctic Star Exploration Corp. reported that Executive Chairman and Director Patrick Power, has been appointed as President and Chief Executive Officer. Scott Eldridge has resigned as President and Chief Executive Officer, and will remain with Arctic Star as a Director.

In the new corporate structure, effective immediately, Mr. Power will assume all operational duties. Patrick Power is a seasoned venture capitalist and financier with over 20 years of experience as a stock market professional and as director of public companies. Arctic Star benefits from Mr. Power's wealth of experience as a savvy deal maker, an adept financier and as a results-driven leader of dynamic public companies.