Antares Minerals Inc.

Antares Minerals Inc.

December 17, 2009 11:00 ET

Antares Signs Joint Venture Agreement for Rio Grande Project

WATERDOWN, ONTARIO--(Marketwire - Dec. 17, 2009) - Antares Minerals Inc. ("Antares" or the "Company") (TSX VENTURE:ANM) is pleased to announce that a joint venture agreement has been signed with its partner, Pachamama Minerals Ltd. ("Pachamama"), on the 50/50 owned Rio Grande property located in northwestern Argentina. The joint venture agreement between the Company, Pachamama, and their respective Argentinean subsidiaries is in the form of a UTE (Union Transitoria de Empresas) that will be registered under the laws of Argentina. The UTE agreement defines the terms which will govern the development of the Rio Grande Cu-Au deposit going forward. Under the agreement, Antares will remain the project operator.

To date, the parties have drilled 33,000+ metres in 78 diamond drill holes at Rio Grande. The Company looks forward to announcing exploration plans with Pachamama on this very prospective project in the New Year.

About Antares

Antares is focused on the acquisition and exploration of precious and base-metal exploration properties in Latin America that can be quickly and cost-effectively advanced to the discovery and production stage. In addition to the Rio Grande copper-gold project in Argentina, Antares is advancing the Haquira copper project in south-central Peru, immediately adjacent to the Las Bambas copper project of Xstrata Copper.

For further information: please visit our website at

Certain disclosure in this release, including management's assessment of Antares' plans and projects, constitutes forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Antares' operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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