Polaris to acquire land in the Port of Long Beach

    VANCOUVER, Jan. 14 /CNW/ - Polaris Minerals Corporation (TSX: PLS)
announced today that Eagle Rock Aggregates, Inc., (ERA) a 70% owned subsidiary
company, has entered into an Agreement of Purchase and Sale to acquire a
12.6 acre site within Pier B in the Port of Long Beach, California.
    The Pier B land is situated close to the 710 Freeway and will receive
sand and gravel from the existing Orca Quarry. The site is well-suited to also
handle crushed granite aggregate from the proposed Eagle Rock Quarry, when
production commences at this facility. Under the terms of the Agreement, ERA
has 120 days to conduct due diligence before closing the acquisition, during
which ERA will evaluate the suitability of the site to support ready-mix
concrete and asphalt plants to enable a full range of construction materials
to be supplied into the heart of this very important market. This land is the
site of a former industrial facility that will likely require some
    Marco Romero, President & CEO of Polaris, said: "This is a unique
opportunity for ERA to acquire an extremely valuable and uniquely located port
site on which to develop a major construction aggregate storage and
distribution terminal. This transaction stands to fulfill the Company's
strategic objective of supplying large quantities of high quality aggregate
into the large Los Angeles market. It is another great step forward for

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

    Eagle Rock Aggregates Inc. is a wholly-owned subsidiary of Eagle Rock
Materials Ltd. (ERM) and is the California marketing subsidiary for quarried
products from the Orca Quarry and the proposed Eagle Rock Quarry. ERM owns the
proposed Eagle Rock Quarry and is held 70% by Polaris and 30% by local First

    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 "Risks and Uncertainties" in the Company's Annual Report and
under the heading "Risk Factors" in the Company's Annual Information Form
(AIF) in respect of its financial year-ended December 31, 2006, both of which
are filed with Canadian regulators on SEDAR (www.sedar.com). 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: Marco Romero, President & CEO or Mike
Westerlund, Director, Corporate Development, Polaris Minerals Corporation,
Tel: (604) 915-5000, info@polarmin.com

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