Eagle Star Minerals Corp.
TSX VENTURE : EGE
FRANKFURT : E6R
PINK SHEETS : ELGSF

Eagle Star Minerals Corp.

February 24, 2011 15:34 ET

Eagle Star Announces a Third Trench Returned 41.62% Fe2O3 across 27.5 metres, Cavaleiro Block-Angico Iron Project, North Eastern Brazil

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2011) - Eagle Star Minerals Corp. (TSX VENTURE:EGE)(PINK SHEETS:ELGSF)(FRANKFURT:E6R) ("Eagle star" or "the Company") - Further to its news release dated January 18, 2011 Eagle Star is pleased to announce that excellent results were obtained from further trenching along strike on the Cavaleiro Block - Angico Iron Project, North Eastern Brazil. Trench 3 is located approximately 900 metres to the north of Trench 2 and one kilometer north of Trench 1 along the Banded Iron Formation trend.

Systematic chip and channel sampling from Trench 3 returned 41.62% Fe2O3 across 27.5 metres. As announced previously samples from Trench 1 returned 44.66% Fe2O3 across 39 metres and Trench 2 returned 48.72% Fe2O3 across 22 metres.

Detailed individual assays from Trench 3 are as follows:

Sample length(m) Width (m) Fe2O3% P2O5% S% SiO2% Fe2O3%
0 to 5 5 39.83 0.07 <0.001 54.86  
5 to 10 5 45.96 0.06 <0.001 51.23  
10 to 15 5 41.07 0.08 <0.001 52.25  
15 to 20 5 40.47 0.09 <0.001 51.10  
20 to 25 5 40.43 0.08 <0.001 53.21  
25 to 27.5 3 42.34 0.08 <0.001 52.76  
             
0 to 27.5 27.5         41.62

The iron mineralization trend sampled by the three trenches over a distance of 1 kilometer confirmed the potential of the 8 kilometre trend of Banded Iron Formation. Further trenching along strike is proceeding. Results will be released on receipt. The true thickness of the iron formation is not known as the trenches did not completely cross the entire formation. More trenching, large core diamond drilling and/or reverse circulation drilling is required to evaluate this mineralized trend. 

"These results further confirm the large potential of the iron mineralization in the Cavaleiro block. We are eagerly looking forward to receive some more results from additional trenches on the block and subsequently, initiate large core diamond drilling and/or reverse circulation drilling to substantiate these results," commented Eran Friedlander, President and CEO of Eagle Star Minerals.

This news release was reviewed and approved by Mohan R. Vulimiri, M.Sc., P.Geo, who is qualified person under the NI 43-101 guidelines. Mr. Vulimiri is the senior advisor to the Company with respect to the company's Angico Iron project.

About the Company

Eagle Star Minerals Corp. is a Natural Resource company headquartered in Vancouver, British Columbia, focused on the acquisition, exploration and development of mineral properties in North and South America.

On behalf of the Board of Directors

EAGLE STAR MINERALS CORP.

Eran Friedlander, President

This press release contains certain forward looking statements which involve known and unknown, risks delays and uncertainties not under the Company's control which may cause actual results, performances or achievements of the Company to be materially different from the results, performances or expectations implied by these forward looking statements

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

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