/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, April 6, 2010 /CNW/ - Polar Star Mining Corporation ("Polar Star" or the "Company") announced today that it has signed a contract with Capital Drilling Ltd. ("Capital Drilling") for up to 20,000 metres of diamond drilling in Chile over the next two years. The first rig is scheduled to commence drilling in the Talca Property District in May 2010, with two additional diamond rigs to follow at Montezuma in June 2010.
"The contract with Capital Drilling accelerates Polar Star's ability to execute its business plan and facilitate the planning of drill campaigns in Chile," stated Doug Willock, President and CEO. "Capital Drilling operates one of the youngest drill fleets in the industry, and is noted for building strong relationships to ensure timely and cost effective delivery of personnel, equipment and consumables to field operations. We are impressed by their high standards of quality and reliability."
This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as "anticipate", "will", "intend" and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Polar Star Mining Corporation's filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.polarstarmining.com.
About Polar Star Mining Corporation
Polar Star Mining Corporation (TSXV: PSR) is an emerging exploration company with a focus on building value in Chile through discovery and development. The company has approximately 274,000 hectares prospective for gold, copper-gold, uranium, phosphate and lithium.
About Capital Drilling Ltd.
Operating a fleet of over 50 rigs with a worldwide employee base of over 600 employees, Capital Drilling provides decades of combined operating experience and strives to deliver the highest standards in safety, performance and quality.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Shares Outstanding: 83,998,526 as of April 6, 2010.
SOURCE Polar Star Mining Corporation
For further information: For further information: David Speck, Vice President, Polar Star Mining Corporation, (416) 368-3496, email@example.com