Eagle Star Intersects More High-Grade Phosphate at the North Portion of Bomfim Hill with 650 Meter Step Out and Extends Mineralized Strike Over 1.2 Kilometers

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2013) - Eagle Star Minerals Corp. (TSX VENTURE:EGE)(PINKSHEETS:ELGSF)(FRANKFURT:E6R) ("Eagle Star" or "the Company") is very pleased to announce that Pit-08 hand held XRF results have returned 11.08% P₂O₅ from surface to 5 meters depth, including 3 meters grading 13.11% P₂O₅.The mineralized interval is open at depth. With this 650m step-out, results from Pit-08 indicate that the high-grade mineralized package should extend along a minimum strike of 1.2 kilometers.

To view map and image of Pits 1 to 8 please click on the following link: http://media3.marketwire.com/docs/EGE0108.pdf

CONCLUSIONS

"The results of Pits 1-7 have already demonstrated that the volume of high-grade mineralization discovered at Bomfim Hill is sizable. With results from Pit-08 now confirming mineralization covers a much larger area then initially indicated it is obvious why we at Eagle Star have become extremely excited about the scope of this discovery. Better still, with mineralization open in all directions including at depth, we are confident that there is a lot more potential to be uncovered here at Bomfim Hill," commented Eran Friedlander, President & CEO Eagle Star Minerals Corp. "We now plan to utilize the knowledge of our metallurgical engineers to determine the best process to take this into early production most possibly in a similar manner as to how MbAC started their operation at Itafos."

John Harrop PGeo., FGS, of Coast Mountain Geological, a qualified person under NI 43-101, reviewed and approved the technical disclosures of this press release on behalf of the company.

The XRF readings were done systematically following recommended procedures of the manufacturer. The pits are being channel sampled at a meter basis and for each meter three readings are conducted to obtain an average grade. Pre analysis, the sample collected is homogenized, dried (using microwave oven) and manually crushed to fine grain. The composite grade for the 5 meters is reached by weighted averaging of the values obtained for each sample. The handheld XRF analyzer is an Olympus Delta model and was calibrated according to Innov-X Systems in-house calibration procedure. The Company conducts field XRF analysis using industry recognized sample preparation and analysis protocols, and has conducted sufficient quality control using the XRF method to believe that although the method cannot be relied upon to have the equivalent precision and accuracy of a certified analytical laboratory, the results are of sufficient quality to direct exploration pending analytical laboratory confirmation.

ABOUT THE COMPANY

Eagle Star Minerals Corp is a publicly listed company focused on the acquisition, exploration and development of agro-mineral properties in Brazil. Over the past two years, Eagle Star Minerals has strategically grown its presence in Brazil and continues to focus on maximizing shareholder value by acquiring assets located in geological areas known for proven phosphate mineralization, coupled with good logistics in close proximity to agriculture.

The Company's shares are publicly traded on the TSX Venture Exchange under the symbol EGE, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.

On behalf of the Board of Directors

EAGLE STAR MINERALS CORP.

Eran Friedlander, President