Polar Star Announces Board and Management Changes

TORONTO, Oct. 29, 2012 /CNW/ - Polar Star Mining Corporation ("Polar Star" or 
the Company") (TSX:PSR) is pleased to announce the appointment of two new 
members to the Company's board of directors. 
Mr. Kaare Foy has been appointed Chairman of the board of directors. Mr. Foy 
obtained his Bachelor of Economics degree at Monash University, and became an 
Associate of the Australian Society of Accountants and a Member of the 
Australian Institute of Directors. In 1995, he emigrated to reside 
permanently in Canada and for most of his career has specialized in company 
"turnarounds" with more than 30-years' experience serving on the boards of 
publicly listed companies in Australia, Canada and the United Kingdom. 
Mr. Colin Bird has been appointed Chief Executive Officer of the Company and a 
member of the board of directors. Mr. Bird is a Chartered Engineer, a Fellow 
of the Institute of Materials, Minerals and Mining and is a certified mine 
manager both in the UK and South Africa. He has been involved in the 
management of mining nickel, copper, gold, coal and other diverse mineral 
operations. Mr. Bird has founded and floated several public companies in the 
resource sector and served on resource company boards in the UK, Canada and 
South Africa. In the exploration arena he founded, financed and was Chairman 
of Kiwara PLC, an AIM listed company, which discovered, and sold for $270 
million, a large open pit copper project in Zambia. 
Polar Star also announces that in accordance with its stock option plan and to 
incent management and the board of directors, the Company has granted an 
aggregate of 11,335,000 options to purchase common shares of the Company to 
certain directors, officers and employees of the Company. All options expire 
on December 31, 2017 and have the following characteristics: 
390,000 options have an exercise price of $0.20 and vest ½ on June 30, 2013 
and ½ on December 31, 2013. 6,100,000 options have an exercise price of 
$0.20 and vest immediately. 2,850,000 options have an exercise price of 
$0.50 and vest immediately. 1,995,000 options have an exercise price of 
$0.75 and vest immediately. 
Forward-Looking Statements 
This news release may contain forward-looking statements based on assumptions, 
uncertainties and management's best estimates of future events. Actual 
events or results could differ materially from the Company's expectations and 
projections. Investors are cautioned that forward-looking statements involve 
risks and uncertainties. Accordingly, readers should not place undue 
reliance on forward-looking statements. When used herein, words such as 
"anticipate", "will", "intend" and similar expressions are intended to 
identify forward-looking statements. For a more detailed discussion of such 
risks and other factors that could cause actual results to differ materially 
from those expressed or implied by such forward-looking statements, refer to 
Polar Star's filings with Canadian securities regulators available on 
www.sedar.com or the Company's website at www.polarstarmining.com. 
About Polar Star 
Polar Star is an emerging exploration and mining company with a focus on 
building value in Chile through discovery, development and production. The 
company is advancing its flagship exploration property, Montezuma, that covers 
40 kilometres of the West Fault zone and the cross-cutting Esperanza Fault 
systems. The property is located between Codelco's Radomiro Tomic - 
Chuquicamata - Ministro Hales mines in the north and Antofagasta PLC's El 
Tesoro - Esperanza - Polo Sur mines to the south. Polar Star operates the 
Chépica gold/silver/copper mine located 270 kilometres south of Santiago, 
Chile. The head office of Polar Star is located in Toronto. 
Share Capitalization
Shares outstanding: 161,045,475 as at October 29, 2012. 
Adam Rochacewich, CFO Tel: (416) 368-3496 Email:info@polarstarmining.com 
SOURCE: Polar Star Mining Corporation 
To view this news release in HTML formatting, please use the following URL: 
CO: Polar Star Mining Corporation
ST: Ontario
NI: MNG 2575 WNEWS  
-0- Oct/29/2012 18:24 GMT
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