<<
/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES/
>>
TORONTO, June 26 /CNW/ - Polar Star Mining Corporation (TSX-V: PSR) ("Polar Star" or the "Company") announced today that the Option to acquire the remaining 85 percent interest in the Chépica Copper Gold Project expired on June 20, 2009 unexercised.
Doug Willock, President and CEO of Polar Star, stated that the Company will continue to hold a 15 percent equity interest in the project, which owns 1,390 hectares in the Talca Gold district. Polar Star intends to continue to map, prospect and sample numerous veins on the 21,200 hectares which are wholly-owned by Polar Star in the Talca Gold district and which surround much of the Chépica project.
"Our Talca Gold district properties," Doug Willock noted, "are generating a number of results that, pending further work, may warrant drilling later this year."
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.
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.
About Polar Star Mining Corporation
Polar Star Mining Corporation (TSXV: PSR) is an emerging exploration company with a focus on building value in Chile through discovery and development. The company has 155,481 hectares covering 22 properties including gold, copper-gold and uranium.
<<
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.
Share Capitalization:
Shares outstanding: 59,681,241 as at June 26, 2009.
>>
%SEDAR: 00025710E
For further information: Douglas Willock, President and CEO, Polar Star Mining Corporation, (416) 368-3496, info@polarstarmining.com
© CNW Group
