Polar Star Mining Corporation

Polar Star Mining Corporation

July 02, 2008 11:13 ET

Polar Star Mining Corporation-25,000 Metre Diamond Drill Contract

TORONTO, ONTARIO--(Marketwire - July 2, 2008) - Polar Star Mining Corporation (TSX VENTURE:POS)(PINK SHEETS:POSRF) ("Polar Star" or the "Company") announces the signing of a 25,000 metre drill contract with Forage Orbit Garant Drilling S.E.N.C. ("Orbit") of Val d'Or, Quebec. The new diamond drill is scheduled to arrive in Chile and commence drilling during the third quarter of 2008. The 25,000 metre program is planned to be completed over a two year period.

About Orbit Garant Drilling

Orbit Garant Drilling is a Canadian-based mining services company that provides diamond drilling for underground and surface exploration. With almost 500 employees and 116 drills the Company has an impressive list of top-tier and junior mining clients and operates across Canada, the United States, Mexico, Guyana and Suriname. Orbit Garant Drilling, through its subsidiary Soudure Royale Concept, manufactures its own drills, providing the company with a guaranteed supply of high-quality, innovative rigs to address a broad range of client requirements.

About Polar Star Mining Corporation

Polar Star was created to acquire advanced stage exploration properties focusing on gold, copper gold, and uranium. The Corporation's material assets include 20 projects in Chile, which are 100% owned and cover approximately 140,000 hectares.

Forward-Looking Statements

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussion of such risks and other factors, 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: 31,548,698 as at July 2, 2008.

Business Television Feature:

Polar Star was selected and featured on Business Television in early March 2008. If you missed the show, please click on the link below to watch the full-feature


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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