/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, May 2, 2012 /CNW/ - Polar Star Mining Corporation (TSX: PSR) ("Polar Star" or the "Company") announces the resignation of Douglas Willock as President and CEO of Polar Star. The change, effective immediately, allows Mr. Willock to devote more time to personal and family matters. He will continue to serve as a director of Polar Star and to advise the Company on mining, financial and strategic matters.
The Board of Directors has named Adam Rochacewich to the position of Interim President in addition to continuing his duties as Chief Financial Officer. The Board of Directors has formed a search committee to find a new President and CEO in furtherance of advancing exploration on Polar Star's flagship property at Montezuma and to enhance production from its Chepica gold mine to fund the Montezuma exploration efforts. Both of these projects are located in Chile.
About Polar Star
Polar Star Mining is an emerging exploration company with a focus on building value in Chile through discovery and development. Its flagship property, Montezuma, covers 40 kilometres of the West Fault and the cross-cutting Esperanza Fault system and is located between Codelco's Radomiro Tomic - Chuquicamata - Ministro Hales (formerly known as Mansa Mina) group of copper-molybdenum porphyry deposits, and Antofagasta PLC's El Tesoro - Esperanza - Polo Sur group of copper-gold porphyry deposits.
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