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Polar Star Receives $975,000 From Warrants Exercised Early

Posted on: Thursday, 10 April 2008, 18:00 CDT

Polar Star Mining Corporation ("Polar Star" or the "Company") (TSX VENTURE: POS)(PINK SHEETS: POSRF) announces the early exercise of 1,000,000 warrants priced at $0.65 per warrant with a June, 2008 expiry date and 325,000 warrants priced at $1.00 with a February, 2009 expiry date.

The $975,000 in proceeds received from these warrants will be used to advance the Company's exploration activities in Chile and for general working capital purposes.

Polar Star also announces that it has filed its audited financial statements and Management Discussion & Analysis (MD&A) for the year ended December 31, 2007. Polar Star's annual filings can be found at www.polarstarmining.com or www.sedar.com.

About Polar Star

Polar Star was created to acquire advanced stage exploration properties focusing on gold, copper-gold and uranium. The Corporation's material assets include 17 projects in Chile which are 100% owned covering approximately 130,000 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 the Company's filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.polarstarmining.com.

Share Capitalization:

Shares Outstanding: 31,303,698 as at April 10, 2008.

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.

 Contacts: Polar Star Mining Corporation Douglas Willock President and CEO (416) 368-3496 Email: info@polarstarming.com Website: www.polarstarmining.com

SOURCE: Polar Star Mining Corporation

Source: MARKET WIRE

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