Starfire Minerals Inc. - Technical report recommends detailed IP survey and 5000 meters of drilling at Porphyry Pearl

    TSXV: SFR

    VANCOUVER, Aug. 6 /CNW/ - Management of Starfire Minerals Inc. (the
"Company") is pleased to report that it has received and filed on SEDAR a NI
43-101 compliant report prepared by James A. Turner, P.Geo. covering the
Company's Porphyry Pearl Copper-Gold Project in the Omineca Mining District,
British Columbia. The report along with other information about the Company
can be found at www.sedar.com. and on Starfire's website at
www.starfireminerals.ca.
    The Company's Porphyry Pearl Property lies within the Toodoggone River
Area approximately 60 km north-northwest of Northgate Minerals Corporation's
Kemess South Mine and consists of 14 mining claims covering approximately
6,024 hectares. The Company has the option to earn a 100% interest in the
Property by making cash payments totaling $542,500 to the vendor, of which
$292,500 has been paid to date ($250,000 remaining), shares totaling 3,600,000
of which 2,800,000 has been issued (800,000 remaining), and incurring a total
of $4.75 million in exploration expenditures on the property, of which
$2,792,732 has been spent ($1,957,732 remaining). The vendor retains a 3% net
smelter return royalty interest.
    During the 2007 and 2008 field seasons, the Company operated two diamond
drilling campaigns on the Property totaling 3,922 meters in 11 holes of which
3,503 meters in nine holes were on the PP Zone. These programs indicate that
the PP Zone is mineralized over a strike of 240 meters, and a width of at
least 70 meters to a depth of 350 meters below the bedrock / overburden
interface, the average depth of the overburden being 34 meters. The zone is
open to the northwest, southeast and southwest, as well as to depth.
Significant drill results on the PP Zone are listed in the table below.

    
         Significant drill intersections on the Porphyry Pearl Zone.

                                        Au                  eq
    Hole       From     To   Meters   (g/t)  Cu %   Zn %   Au(2)  Remarks
    No.                                (1)                 (g/t)

    1                                                             no
                                                                  significant
                                                                  results
    2         194.00  209.00  15.00   0.352  0.033  0.104  0.504
    2         328.00  356.00  28.00   0.423  0.027  0.271  0.718
    includes  341.00  356.00  15.00   0.634  0.037  0.313  0.983
    5          51.83  128.00  76.17   0.463  0.054  0.056  0.607
    includes   51.83  111.76  59.93   0.431  0.050  0.061  0.574
    and       118.00  128.00  10.00   0.768  0.088  0.047  0.962
    6         103.02  311.20 208.18   0.701  0.046  0.095  0.867
                                                                  Au by
                                                                  metallic
    includes  299.92  301.90   1.98 1 3.570  0.027  0.140 13.744  assay
    7          89.31   99.97  10.66   0.617  0.058  0.053  0.765
    7         124.36  264.72 140.36   0.668  0.066  0.233  0.995
    7         294.44  304.34   9.90   0.863  0.069  0.102  1.074
    7         328.12  340.00  11.88   0.508  0.051  0.650  1.189
    7         381.61  395.48  13.87   1.078  0.012  0.130  1.216
    8          90.98  154.84  63.86   0.604  0.047  0.165  0.835
    8         295.50  324.92  29.42   1.125  0.080  0.167  1.415
    8         367.59  395.94  28.35   0.362  0.046  0.255  0.674
    9         110.03  183.18  73.15   0.396  0.049  0.116  0.586
    9         250.24  321.56  71.32   0.496  0.054  0.194  0.764
    9         347.32  361.49  14.17   0.277  0.022  0.657  0.915
    10        175.26  311.96 136.70   0.915  0.051  0.157  1.147
                                                                  Au by
    includes  258.47  260.45   1.98  23.820  0.040  0.930 24.739  fire assay
    11         89.92   99.06   9.14   0.721  0.042  0.047  0.836
    11        117.35  260.60 143.25   0.508  0.054  0.141  0.729

    (1) g/t = grams per tonne.
    (2) equiv Au = Equivalent gold calculations use metal prices
        of US$1.50 for copper (Cu), $US 0.80 for zinc (Zn) and US$600/oz for
        gold (Au). Metallurgical recoveries and net smelter returns for all
        metals are assumed to be 100%. Equivalent gold = Au g/t +
        (Cu% x 33.07/19.29) + (Zn% x 17.64/19.29).
    

    Recommendations:

    The report recommends the following two phase program:
    Phase I consists of a specialized detailed Induced Polarization (IP)
survey at a cost estimated at $175,000 to bracket the mineralized zone in
order to ensure that future holes are appropriately targeted; followed by:
    Phase II which consists of 5,000 meters of diamond drilling in 10 to 12
holes at a cost of $2.1 million in at locations targeted by the IP survey.
    The Company will be initiating the Phase I recommendation immediately. 
Preparation is underway to complete this survey during August, 2009.
    Management has also received inquiries with respect to joint venture
partnerships on this project and the Company is in the process of evaluating
those opportunities while the other parties are conducting their due diligence
reviews.
    The Qualified Person for purpose of this news release is Mr. Philip J.
Rush, P. Geo.

    Starfire Minerals Inc. includes uranium, nickel and precious & base metal
divisions with properties in Ontario, Quebec and British Columbia.

    
    ON BEHALF OF THE BOARD OF DIRECTORS OF
    STARFIRE MINERALS INC.

    "Dan Mosher"
    Dan Mosher
    President/CEO


         THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
                       RESPONSIBILITY FOR ITS CONTENTS.

       THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
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    Forward Looking Information
    ---------------------------
    
    Certain information regarding the Company set forth in this press
release, including the use of proceeds, and management's assessment of the
Company's future plans and operations contain forward looking information that
involve substantial known and unknown risks and uncertainties. The forward
looking information is subject to numerous risks and uncertainties, some of
which are beyond the Company's and management's control, including but not
limited to, the impact of general economic conditions, industry conditions,
fluctuation of commodity prices, fluctuation of foreign exchange rates,
imperfection of reserve estimates, environmental risks, industry competition,
availability of qualified personnel and management, stock market volatility,
timely and cost effective access to sufficient capital from internal and
external sources. The Company's actual results, performance or achievement
could differ materially from those expressed in or implied by, the forward
looking information and accordingly, no assurance can be given that any of the
events anticipated to occur or transpire form the forward looking information
will provide any benefits to the Company.

For further information:

For further information: Starfire Minerals Inc., 520 - 355 Burrard
Street, Vancouver, BC, V6C 2G8, Telephone: (604) 669-5642, Facsimile: (604)
687-6714