Polar Star Mining announces issuance of stock options

/NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, July 23, 2013 /CNW/ - Polar Star Mining Corporation (TSX: PSR) (the "Company"), announced today that in accordance with its stock option plan and to incent management and the board of directors, the Company has granted an aggregate of 7,355,000 options to purchase common shares of the Company to certain directors, officers, employees and consultants of the Company.  All options expire on December 31, 2018, have an exercise price of $0.18 and vest immediately.

About Polar Star Mining Corporation

Polar Star Mining Corporation ("PSR") is a TSX listed exploration and development company with a focus on building shareholder value in Chile. The Company's strategy is to use cash flow from its Chépica mine (primarily copper and gold) to fund, in part, the exploration programs at its flagship Montezuma property and to advance its large portfolio of other world class projects in Chile through joint ventures. For more information, please visit: www.polarstarmining.com

Share Capitalization

The Company has 191,905,664 Common Shares issued and outstanding as of July 23, 2013.

The statements made in this press 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.

SOURCE Polar Star Mining Corporation

For further information:

Colin Bird
Chief Executive Officer
Polar Star Mining Corporation
Email: info@polarstarmining.com
Telephone: (416) 368-3496