Eagle Star Minerals Corp.

Eagle Star Minerals Corp.

February 04, 2011 23:24 ET

Eagle Star Minerals Announces Exercise of Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2011) - Eagle Star Minerals Corp. (TSX VENTURE:EGE)(PINK SHEETS:ELGSF)(FRANKFURT:E6R) ("Eagle Star" or "the Company") - In the news release issued earlier today the title should have read "Eagle Star Minerals Announces Exercise of Warrants" instead of "Eagle Star Minerals Extends Accelerated Expiry Date of $0.20 Warrants". The remainder of the contents in the news release is unchanged.

Further to its news release dated December 21, 2010 the Company announces that 5,350,000 of the 6,425,000 warrants were exercised at a price of $0.20 with 1,075,000 expired. The Company has received $1,070,000 from the exercise of the warrants. The funds will be used for general working capital and the Company's Angico Iron project in Brazil.

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. The Company's shares are publicly traded on the TSXv under the symbol EGE and on Frankfurt Stock Exchange under the symbol E6R.F.

On behalf of the Board of Directors


Eran Friedlander, President

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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