UNITED ~~STATES SECURITIES~~ STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) ~~June~~July 123, 2008

STAR RESORTS DEVELOPMENT INC.
(Exact name of registrant as specified in its charter)

Nevada(State or other jurisdiction of incorporation)

Nevada	000-52449	98-0521492
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

~~000-52449~~701 Brickell Ave. #1550, Miami, FL 3313(~~Commission~~Address ~~File~~of ~~Number~~principal executive offices and Zip Code)

98305-~~0521492(IRS~~728-5254Registrant's telephone ~~Employer~~number, ~~Identification No.)~~including area code

701 Brickell Ave. #1550, Miami, FL 33131(Address of principal executive offices and Zip Code)

305-728-5254(Registrant's telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

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Item 1.01 Entry into a Material Definitive Agreement

On June 1, 2008, we approved advisor agreements with Erick Sydow and Timothy Marx to provide services to our company in connection with current investments and investment possibilities for our company. Each agreement is for a period of one year with an automatic renewal for up to three years. Consideration for the investment services is the issuance of 50,000 shares of common stock to each advisor, plus an additional 50,000 shares per year up to 150,000 shares for each advisor.

Item 3.02

Unregistered Sales of Equity Securities

On July 1523, 2008, we issued 50to Blue Mint Exploration Inc. (the “Holder”) a Convertible Promissory Note (the “Note”) in the amount of $200,000. The ~~shares~~Note ofis ~~common~~payable ~~stock~~on toJuly 23, 2010, and will accrue interest at the rate of ~~Timothy~~9%, ~~Marx~~which ~~pursuant~~is to anbe ~~advisor~~paid ~~agreement~~per annum starting 180 days from the date of the Note.

OnThe Holder has the option that at any time on or after July 2123, 2008, wethe ~~issued~~outstanding ~~50,000~~principal amount and accrued interest under the Note that the Holder elects to convert is convertible into common shares at a conversion rate based upon 100% of the average closing prices of our common ~~stock~~shares toas ~~Erick~~quoted ~~Sydow~~on ~~pursuant~~the toOTC anBulletin ~~advisor~~Board ~~agreement~~for the 10 trading days immediately preceding the conversion date.

WeThe ~~issued~~Holder ~~50,000~~may ~~shares~~also toexercise ~~one~~the USoption ~~person~~of ~~pursuant~~giving written notice to ~~the exemption~~our ~~from~~Company ~~registration~~that ~~provided~~the ~~for~~entire ~~under~~unpaid ~~Rule~~principal ~~506~~amount of ~~Regulation~~the D,Note and ~~promulgated~~the ~~under~~applicable ~~the~~interest ~~United~~is ~~States~~payable ~~Securities~~if ~~Act~~any events of ~~1933,~~default ashave ~~amended.~~occurred and be continuing at the time of such notice.

We issued ~~50,000~~the ~~shares~~Note to one non-US person pursuant to an ~~offshore~~ offshore transaction relying on Regulation S and/or Section 4(2) of the Securities Act of 1933, as amended.

Item 9.01.	Financial Statements and Exhibits.
(d)	Exhibits
10.1	~~Advisor~~Convertible ~~Agreement~~Promissory Note dated ~~June~~July 123, 2008 ~~with Timothy Marx~~
10.2	Advisor Agreement dated June 1, 2008 with Erick Sydow

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

STAR RESORTS DEVELOPMENT INC. ~~By: /s/ Alejandro Aparicio Alejandro Aparicio President and CEO Date: July 21, 2008~~

/s/ Alejandro Aparicio

Alejandro Aparicio
President and Chief Executive Officer

Date: August 1, 2008

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