Polaris Minerals announces Annual General and Special Meeting of Shareholders

    VANCOUVER, May 4 /CNW/ - Polaris Minerals Corporation (the "Company")
today announced that the Annual General and Special Meeting of Shareholders
will take place on June 4, 2009 at 10:00 a.m. at the Fairmont Hotel Vancouver.
    Among the orders of business will be the proposed election of a reduced
number of directors of the Company and the consideration of an amended stock
option plan. Details of the Meeting can be found in the Notice of Annual
General and Special Meeting of Shareholders and Management Information
Circular, which is being mailed today and will be available on Sedar as well
as the Company's website at http://www.polarmin.com/corporate/otherreports.php
    Roman Shklanka, Chairman of the Board, said: "Over the past year we have
conducted an internal assessment of the Board, and have reached the conclusion
that a leaner Board structure would be appropriate for the Company at this
early stage of its development. In light of this finding, Gary Nordin, John
Purkis and David Singleton have chosen not to stand for re-election as
directors. They have been active members of the Board for many years, and on
behalf of the Company, its shareholders, and my fellow directors, I would like
to thank them for their guidance and contributions to the Company's success."
    David Singleton's executive role is unchanged. He will remain as
President of Eagle Rock Aggregates Inc. and continue to lead on the marketing
of the Company's products and the development of new terminal capacity,
particularly in southern California.

    Polaris Minerals Corporation is exclusively focused on the development of
construction aggregate quarries and marine receiving terminals on the west
coast of North America to meet growing local supply deficits of construction
aggregates in urban markets. In 2007, Polaris began shipping sand and gravel
from the Orca Quarry to San Francisco Bay, Vancouver, and Hawaii.

    Cautionary Note Regarding Forward-Looking Statements
    This press release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable securities
laws. These statements and information appear in this document and include
estimates, forecasts, information and statements as to management's
expectations with respect to, among other things the future financial or
operating performance of the Company, costs and timing of the development of
the construction aggregate quarry, the timing and amount of estimated future
production, costs of production, capital and operating expenditures,
requirements for additional capital, government regulation of quarrying
operations, environmental risks, reclamation expenses, and title disputes.
Often, but not always, forward-looking statements and information can be
identified by the use of words such as "may", "will", "should", "plans",
"expects", "intends", "anticipates", "believes", "budget", and "scheduled" or
the negative thereof or variations thereon or similar terminology.
Forward-looking statements and information are necessarily based upon a number
of estimates and assumptions that, while considered reasonable by management,
are inherently subject to significant business, economic and competitive
uncertainties and contingencies. Readers are cautioned that any such
forward-looking statements and information are not guarantees and there can be
no assurance that such statements and information will prove to be accurate
and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations are disclosed
under the heading "Risk Factors" in the Company's final prospectus dated
December 31, 2008 in respect of the Offering, which is filed with Canadian
regulators on SEDAR (www.sedar.com). Except as required by law, the Company
expressly disclaims any intention or obligation to update or revise any
forward-looking statements and information whether as a result of new
information, future events or otherwise. All written and oral forward-looking
statements and information attributable to us or persons acting on our behalf
are expressly qualified in their entirety by the foregoing cautionary

For further information:

For further information: Herb Wilson, President and CEO, Or Mike
Westerlund, Director, Corporate Development, Polaris Minerals Corporation,
Tel: (604) 915-5000, info@polarmin.com

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