Polar Star Mining Corporation

Polar Star Mining Corporation

April 08, 2009 15:25 ET

Polar Star Receives SRK Consulting (Chile) NI 43-101 Technical Report on Chepica

TORONTO, ONTARIO--(Marketwire - April 8, 2009) -


Polar Star Mining Corporation ("Polar Star" or the "Company") (TSX VENTURE:PSR) announced today that it has received a draft of SRK's Independent Technical Report on the Chepica Project located near the town of Talca in Region VII, southern Chile.

Highlights of the Report are as follows:

- Total Measured and Indicated Resources of the Chepica Number 1 Vein system are 401,000 tonnes grading 2.6 grams/tonne gold, 8.3 grams/tonne silver and 0.48% copper using a cut-off grade of 0.6 grams/tonne gold, uncut.

- The current Chepica plant has been designed to process up to 120 tonnes/day.

A separate metallurgical report was received from the University of La Serena Metallurgical Laboratory stating that their test work on drill core indicates the copper and gold recoveries are in the order of 65%. These metallurgical results have not yet been included in SRK's technical report.

The Chepica process plant is currently milling limited amounts of exploration and development rock from the Number 2 Vein.

The final SRK report will be posted on SEDAR subsequent to review and approval.

Estimation was based on 50 of 66 drill holes corresponding to 5,299 meters of diamond core drilling, together with 19 underground channel samples and 2 trench samples totalling 92.5 meters in length.

The resources were estimated by Ordinary Kriging using block model sizes of 10 by 10 by 10 meters.

Qualified Person

The qualified person within the meaning of National Instrument 43-101 is Mr. Terence Walker, M.Sc., P.Geo. Mr. Walker has reviewed the contents of this news release.

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 may contain 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.

The TSX Venture Exchange 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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