Geologist Join Eagle Star Minerals' Newly Formed Advisory Board
NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: Eagle Star Minerals Corp.
TSX VENTURE SYMBOL: EGE
PINK SHEETS SYMBOL: ELGSF
FRANKFURT SYMBOL: E6R
March 1, 2011
Former Finance Minister of Brasil and an Ex-Vale Senior Geologist Join Eagle
Star Minerals' Newly Formed Advisory Board
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 1, 2011) - Eagle Star Minerals
Corp. (TSX VENTURE:EGE)(PINK SHEETS:ELGSF)(FRANKFURT: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
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 together."
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 America.
On behalf of the Board of Directors
EAGLE STAR MINERALS CORP.
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 States.
FOR FURTHER INFORMATION PLEASE CONTACT:
Eagle Star Minerals Corp.
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.
INDUSTRY: Energy and Utilities - Oil and Gas , Manufacturing and Production -
Mining and Metals
-0--0- Mar/01/2011 14:31 GMT
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