Firebird Global Master Fund II, Ltd. discloses its position in Canada Fluorspar Inc.

    CAYMAN ISLANDS, June 24 /CNW Telbec/ - Firebird Global Master Fund II,
Ltd. ("FGMF2") announces that on June 24, 2009, its joint actor Firebird
Global Master Fund, Ltd. ("FGMF") acquired ownership of 1,523,500 common
shares of Canada Fluorspar Inc. (TSX-V: CFI) (the "Issuer") on the TSX Venture
Exchange at a price of $0.40 per share, for an aggregate consideration of
$609,400.00. With this acquisition, FGMF2's and its joint actor's security
holding percentage in the Issuer increased by 2.28% since the last press
release issued on June 19, 2009. The aggregate number of securities of the
Issuer held by FGMF2 and its joint actor is 12,291,754 common shares,
distributed as follows: FGMF2 holds 7,111,112 common shares and FGMF holds
5,180,642 common shares. The 12,291,754 common shares currently held by FGMF2
and its joint actor represent approximately 18.43% of the currently
outstanding common shares of the Issuer.
    The aforementioned common shares were acquired 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

For further information:

For further information: Mr. James Passin, Director, Firebird Global
Master Fund II, Ltd., (212) 698-9260,

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