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Star Bulk Takes Delivery Of Capesize Vessel “Star Mega”

News Release Star Bulk Carriers Corp. August 19, 2011
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<DIV><STRONG>ATHENS, GREECE, August 18, 2011</STRONG>- Star Bulk Carriers Corp.
(the "Company" or "Star Bulk") (NASDAQ: SBLK), today announced that it has taken
delivery of the Star Mega (formerly, the Megalodon), a 1994-built, 170,631 dwt
Capesize vessel. The vessel is time-chartered to a multinational mining company
for a remaining period of 3 years at a gross daily rate of $24,500.
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