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Blue Star Gold Corp. press release

OSI awarded $1.2 million contract with Royal Australian Navy for advanced electronic warship navigation systems

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VANCOUVER, Nov. 15 /CNW/ - Offshore Systems International Ltd. (TSX: OSI /OTCBB: OFSYF) has been awarded a $1.2 million contract to supply the Royal Australian Navy with immediate delivery of OSI's most advanced electronic warship navigation systems ('WECDIS'). This is a follow-on order to the $8 million subcontract OSI signed with its teaming partner, Nautronix, in March 2004 when OSI became fleet supplier to the Royal Australian Navy for electronic chart navigation systems. "This is another demonstration of the revenue potential of follow-on business with key customers," said Ken Kirkpatrick, President and CEO of OSI. "In the last month alone, we have secured approximately $2.5 million in additional orders from the Royal Australian Navy; a clear indication of the power of having satisfied customers."

About OSI:

Offshore Systems International Ltd. (OSI) makes geographic-intelligence software, systems and data products mainly for large government and civilian customers. The company operates three business units: OSI Navigation Systems (moving-map display systems and software for naval surface ships and submarines); OSI Applications (network-based map and target display software and services for national defence and homeland security) and Mapcon Mapping (digital land mapping and marine charting services for civilian customers).

Forward-Looking Statements:

This news release contains items that constitute forward-looking statements within the meaning of securities laws including Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended. These statements are made under the 'safe harbour' provisions of the Private Securities Litigation Reform Act of 1995 and, as such, involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Offshore Systems International can give no assurances that its representations will be achieved or that it will update them at any time in the future.

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