TORONTO, ONTARIO--(Marketwire - May 12, 2009) -
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Polar Star Mining Corporation ("Polar Star" or the "Company") (TSX VENTURE:PSR) is pleased to announce that further to the May 4, 2009 press release regarding the issuance of 250,000 common shares of the Company (the "Shares") to Mr. Terence Walker M.Sc., P.Geo., the Company's Vice President, Exploration, the TSX Venture Exchange has approved the issuance of the Shares to Mr. Walker. The issuance of the Shares to Mr. Walker is for services provided to the Company pursuant to the terms of Mr. Walker's agreement with the Company dated December 31, 2007.
The Shares are subject to a restricted period that ends on September 12, 2009.
Not for distribution to United States wire services or dissemination in the United States. 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. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Polar Star Mining Corporation
Polar Star was created to acquire advanced stage exploration properties focusing on gold, copper, and uranium. The Company'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: 59,431,241 as at May 12, 2009.
FOR FURTHER INFORMATION PLEASE CONTACT:
Polar Star Mining Corporation Adam Rochacewich Chief Financial Officer (416) 368-3496 Email: info@polarstarmining.com
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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