Polar Star Mining Corporation

Polar Star Mining Corporation

March 19, 2009 14:40 ET

Polar Star Announces Appointment of David J. Libby as President and COO

TORONTO, ONTARIO--(Marketwire - March 19, 2009) -


Polar Star Mining Corporation ("Polar Star" or the "Company") (TSX VENTURE:PSR) today announced the appointment of David J. Libby P.Eng as President and Chief Operating Officer of the Company.

Mr. Libby has over 40 years of experience in the mining industry, which has provided him with broad exposure to all aspects of operations management. He has also gained significant executive expertise managing open pit and underground mines. He has participated in new project development as well as upgrading existing operations and due diligence reviews for corporate development.

Most recently, Mr. Libby was Executive Vice-President, Mining Operations of Aur Resources Inc.'s worldwide mining operations. From 1994 to 2005, Mr. Libby was Vice President, Mining Operations for Aur.

Previously, Mr. Libby was Vice-President, Mining, Noranda Minerals Inc., President and Chief Operating Officer, Dickenson Mines Limited and President and Chief Operating Officer, Wharf Resources. He is a graduate of the Camborne School of Metalliferous Mining and a member of the Association of Professional Engineers of Ontario, the Canadian Institute of Mining and Metallurgy, the Institute of Mining, Metallurgy and Materials - U.K., and is a Chartered Engineer of the Council of Engineering Institutions, U.K.

"David Libby is an outstanding new leader for Polar Star. We welcome him and the extensive experience and deep knowledge of our industry he brings to the Company," said Stephen G. Roman, Executive Chairman of Polar Star. "David has a lengthy track record of delivering results and we look forward to collaborating with him to move Polar Star forward and create value for shareholders."

Mr. Libby will be nominated by the Company to serve on Polar Star's Board of Directors.

Adam Rochacewich, who has been Interim President since January 30, 2009, will continue in his capacity of Chief Financial Officer.

Annual and Special Meeting of Shareholders - April 17, 2009

Polar Star will hold its Annual and Special Meeting of Shareholders on April 17, 2009. The time and location of the meeting will be announced in due course. The record date for voting at the meeting was the close of business on March 13, 2009. The Special Meeting is required to deal with a resolution from dissident shareholder and former President and CEO Douglas Willock.

The Company will issue a management information circular and provide a form of proxy for all shareholders in advance of the meeting. The circular is expected to be mailed by March 26, 2009 and to include a recommendation to shareholders from the Board of Directors.

About Polar Star Mining Corporation

Polar Star was created to acquire advanced stage exploration properties focusing on gold, copper, and uranium. The Corporation's material assets include 20 projects in Chile, which are 100% owned and cover approximately 146,112 hectares.

Forward-Looking Statements

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as "anticipate", "will", "intend" and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Polar Star Mining Corporation's filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.polarstarmining.com.

Share Capitalization:

Shares Outstanding: 59,286,241 as at March 19, 2009.

The Toronto Stock Exchange Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.

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