Johnathan Thurston will again captain the Indigenous side, who are aiming to win the pre-season fixture for the third straight
It will include stars of the calibre of Roger Tuivasa-Sheck, Fijian Semi Radradra, James Graham and Martin Taupau.
Indigenous All Stars coach Laurie Daley and World All Stars coach Wayne Bennett named their teams in Brisbane on Tuesday, with both expecting it to be one of the best in the six years of the match.
Sam Burgess (World All Stars) and James Roberts (Indigenous All Stars) have been included in their respective squads, subject to finalising NRL contracts before the match is played.
"This is such a special game for our players," Daley said.
"The online voting and competition for positions was so intense – and the players want to be part of this match.
"We have picked a strong side full of players who have represented at the highest level for years.
"And it never hurts to have the Dally M Player of the year and Grand Final hero as your captain!"
Bennett was also full of praise for his side.
"The extended option to pick a World All Stars team means our fans will get the chance to see two high quality teams in the 2016 event," Bennett said.
"It is a new challenge for these guys to be playing alongside each other rather than against and one that I am sure they will relish."