Eagle Star Minerals Corp.
TSX VENTURE : EGE
FRANKFURT : E6R

Eagle Star Minerals Corp.

December 21, 2010 17:53 ET

Eagle Star Minerals Extends Accelerated Expiry Date of $0.20 Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2010) - Eagle Star Minerals Corp., (TSX VENTURE:EGE)(FRANKFURT:E6R) ("Eagle Star" or "the Company") Further to its news release dated November 26, 2010 the Company has extended from December 27, 2010 to January 27, 2011 the accelerated expiry date of 6,425,000 warrants to purchase a total of 6,425,000 shares at a price of $0.20 per share. 5,000,000 of the Warrants were issued on May 26, 2010 and 1,425,000 warrants were issued on July 14, 2010. This extension is predicated by the delay in receipt of assay results from the Company's phase 1 exploration program at its Angico Iron project. The Company had anticipated releasing the assay results in early December 2010 but due to delays are now expected to be released in early January 2011.

The new expiry date for the outstanding warrants of January 27, 2011 replaces the original expiry date of the warrants which was November 26, 2011 and January 14, 2012. All holders of the warrants referred to must exercise by January 27, 2011 or the warrants will expire.

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

EAGLE STAR MINERALS CORP.

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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