Former Finance Minister of Brasil and an Ex-Vale Senior

Former Finance Minister of Brasil and an Ex-Vale Senior Geologist
Join Eagle Star Minerals' Newly Formed Advisory Board 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/01/11 --   Eagle
E6R) ("Eagle Star" or "the Company") is pleased to announce the
establishment of an Advisory Board designed to aid the development of
Eagle Star's corporate activities in Brazil, and to introduce its
first two members: Dr Zelia Cardoso de Mello and Jose Carlos Polonia. 
Dr Zelia Cardoso de Mello 
A former Brazilian Minister of Economy, Finance and Planning, Dr.
Cardoso de Mello brings to the Advisory Board extensive regional
business knowledge and access to high-profile contacts. Along with
her high-ranking government profile, she has developed a successful
career after serving in the Brazilian cabinet. From 2001 to 2005,
Zelia served as senior advisor for Brazilian business opportunities
for Tokyo-based ORIX Corporation and from 2003 to 2005 also served on
the board of advisors of New York-based Lily Pond Capital Management.
In 2007 she became a partner at Aquila Associates where she still
serves today. Dr. Cardoso del Mello completed each of her degrees at
the School of Business and Economics at the University of Sao Paolo,
receiving her Ph.D. cum laude in 1981 before moving on to higher
profile roles, as well as staying on as a Professor until 1995. 
"Dr. Cardoso de Mello is a valuable asset to any company when dealing
with business in the Brazilian market," commented Eran Friedlander,
President and CEO of Eagle Star Minerals. "We are very pleased to
have her input going forward as part of our Advisory Board. Her
familiarity with macroeconomic trends and financial planning, along
with her access to potential contacts and business partners in Brazil
are all valuable additions to Eagle Star's strategy going forward." 
Jose Carlos Polonia 
With nearly 40 years of Brazilian geological experience, Mr. Polonia
brings his knowledge of the region to the Advisory Board along with
his expertise in developing iron ore projects through multiple
stages. Mr. Polonia began his career with a solid 30 year tenure for
Brazilian mining giant Companhia Vale do Rio Doce (also known as CVRD
or "Vale"), beginning as a Geologist in Vale's Iron Ore Development
Department - Itabira, Minas Gerais State in 1972. During his time
with Vale, Mr. Polonia held various management roles, including
coordinator of a group for studies of evaluation of gold in iron ore. 
With the first half of his span with Vale devoted to research and
studies, Mr. Polonia's second half was utilized with more hands-on
management of mining operations. This included serving as the Manager
of Construction of gold concentration plant and facilities and later
of Mining Manager of the Department of Gold Production of Caete, MG.
Through this mine he oversaw costs and performance of the production
of 300,000 tons/year of ROM and 700kg/gold. Mr. Polonia concluded his
time with Vale as a Senior Geologist of the Acquisition Department
before moving on to help educate the next generation of geologists.
Since moving on from Vale, Mr. Polonia has served as a consultant for
multiple large mining companies including evaluating iron ore
projects for mining giant BHP Billiton and fostering the contracts
and oversight of a buyer-seller relationship involving Nippon Steel.  
"The addition of Mr. Polonia to our advisory board offers us a wealth
of expertise pertaining to the development of our Angico Iron
Project," commented Eran Friedlander. "Furthermore, Mr. Polonia has
seen projects of all sizes from each stage of development and has a
proven track record with many large mining companies. We are
therefore certain his addition to the team will prove to be
extremenly valuable to the company and its shareholders going
The establishment of the Advisory Board is effective immediately,
with strategic meetings and counselling sessions planned for the near
future. Eagle Star's aim for the Advisory Board is to both further
develop and grow the Company's high-potential Angico Iron Ore
Project, as well to as to seek and acquire new high-potential
projects within Brazil and other Latin American regions.  
President and CEO of Eagle Star, Eran Friedlander, further commented: 
"We believe the combination of Dr. Cardoso de Mello's and Mr.
Polonia's expertise is a formula for success for both our current and
future projects. As we work to develop our Angico Iron Project, Dr.
Cardoso de Mello is well-equipped to advise on regulatory strategy
and securing successful business relationships, while Mr. Polonia
brings a wealth of knowledge crucial for mining operations at each
stage from exploration to production. As pleased as we are to have
established the Advisory Board, we are also confident of the
potential that these new additions bring to our strategic planning
going forward and the future projects we hope to grow and develop
The Company has granted the two (2) Advisory Board members an
aggregate of 250,000 stock options exercisable at $0.30 per share for
three (3) years vesting 25% on the date of grant and 25% on each
six-month anniversary and 75,000 stock options to a consultant
exercisable at $0.30 per share for one (1) year vesting in accordance
with TSX Venture Exchange policies. 
About the Company 
Eagle Star Minerals Corp. is a Natural Resource company headquartered
in Vancouver, British Columbia, focused on the acquisition,
exploration and development of mineral properties in North and South
On behalf of the Board of Directors 
Eran Friedlander, President 
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
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. 
Eagle Star Minerals Corp.
Balraj Mann
604-688-1320 (FAX)
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