FIREBIRD GLOBAL MASTER FUND II, LTD. DISCLOSES ITS POSITION IN CANADA FLUORSPAR INC.

CAYMAN ISLANDS, May 12 /CNW Telbec/ - Firebird Global Master Fund II, Ltd. ("FGMF2") announces that on May 11, 2011 it sold 50,500 common shares of Canada Fluorspar Inc. (TSX-V; CFI) (the "Issuer") on the TSX Venture Exchange at a price of $0.6162 per share. The aggregate number of securities of the Issuer held by FGMF2 and its joint actor, Firebird Global Master Fund, Ltd. ("FGMF"), is 13,039,088 common shares, distributed as follows; FGMF2 holds 7,858,446 common shares and FGMF holds 5,180,642 common shares. The 13,039,088 common shares currently held by FGMF2 and its joint actor represent approximately 15.72% of the currently outstanding common shares of the Issuer.

The aforementioned securities were sold for passive investment purposes. FGMF2 and its joint actor may, from time to time, acquire additional securities of the Issuer, may continue to hold their present position or may dispose of their securities.

FGMF2 is a contrarian portfolio equity fund that invests in markets throughout the world.

This press release is being issued in order to comply with the disclosure requirements under applicable securities legislation.  This press release is not an admission that FGMF2 owns or controls any described securities or is a joint actor with anyone else.


SOURCE FIREBIRD GLOBAL MASTER FUND II, LTD.

For further information:

or to obtain a copy the report of acquisition, contact:

Mr. James Passin, Director
Firebird Global Master Fund II, Ltd.
(212) 698-9260
jpassin@fbird.com

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FIREBIRD GLOBAL MASTER FUND II, LTD.

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