UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, 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):

May 10, 2011

STELLAR RESOURCES, LTD.

(Exact name of registrant as specified in its charter)

Nevada	0-51400	98-0373867
(State or jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

375 N. Stephanie Street, Suite 1411, Las Vegas, Nevada	89014
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 702-547-4614

Not applicable

(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 (see General Instruction A.2. below):

o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240 . 14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240 .14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240 . 13e-4(c))

Item 1.01 Other Events

May 10, 2011 - Stellar Resources, Ltd. announced that it has entered into an Agreement with Deloro Resources Ltd. (TSX-V:DLL) and Elk Hills Petroleum Canada Ltd. whereby Deloro can acquire up to a 1/3 interest in the ~20,000 acre Elk Hills Heavy Oil Project in Carbon County, Montana.

Item 9.01 Financial Statements and Exhibits

Exhibit No.	Description
99.1	Press Release

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

Dated this 11th day of May, 2011

STELLAR RESOURCES, LTD.

By: /s/ Ray Jefferd,

President, Chief Executive Officer

a member of the Board of Directors

By: /s/ Luigi Rispoli

Chief Financial Officer

a member of the Board of Directors

STELLAR RESOURCES LTD 8-K