Eagle Star Strengthens Technical Team as Part of its Plan to Move Into
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/25/13 -- Eagle Star
Minerals Corp. (TSX VENTURE:EGE)(PINKSHEETS:ELGSF)(FRANKFURT:E6R)
("Eagle Star" or "the Company") is pleased to announce the addition
of two experts - Dr. Eder Souza Martins and Mr. Tiago Pereira, to its
board of directors and management team. These two highly qualified
individuals will help the company implement its strategy of becoming
a producer of fertilizers within the next twelve months.
Dr. Martins graduated with his geology degree in 1987 from the
University of Brasilia and obtained his M.Sc and Ph.D at this same
institution. In 1999 he pioneered the studies of direct application
natural fertilizer within Brazil and published numerous studies
concerning the use of agro-minerals in their natural form. Dr.
Martins is specialized in geochemistry, geomorphology, tropical
soils, mineralogy, chemic kinetics, phosphate, potash and the Cerrado
environment. Presently, Dr. Martins is acting as Head Researcher at
the Empresa Brasileira de Pesquisa Agropecuaria (EMPRAPA Cerrados) -
Brazil's leading governmental research agency for agricultural
technology. His ongoing project at EMBRAPA is focused on testing new
sources of agro minerals and technological routes in live
environments to produce fertilizers. Dr. Martins is well recognized
within the fertilizers' industry in Brazil as a leading scientist
responsible for outlining technical criterias and standards to the
application of agro minerals as fertilizers. Dr. Martins will replace
Mr. Carlos Perruca as a Director of the Board of the company.
Mr. Tiago Pereira has graduated as a mining engineer from the
University of Sao Paulo (USP) and obtained his M.Sc in flotation
processes also from Federal University of Rio Grande de Sul (UFRGS).
On top of his work experience with major Brazilian mining companies
such as Votorantim Group and Lafarge Agregados, Mr. Pereira most
recently served as Chief Mining Engineer for implementation and
production at the Itafos Arraias natural fertilizer plant currently
owned and operated by MbAC Fertilizers Corp. The Itafos Arraias Mine
is located 10kms away from Eagle Star's Bomfim Property. The Company
has already commenced, with the assistance of Mr. Pereira, the
process of registering at the Brazilian Ministry of Agriculture the
first fertilizer product it intends to manufacture at Bomfim in
addition to applying for the necessary environmental and mining
licenses from the Brazilian mining agency (DNPM). Mr. Pereira will
assume the role of Production Development Manager for Eagle Star.
Both Dr. Eder and Mr. Pereira will apply their extensive knowledge
and experience towards assisting Eagle Star with formulizing and
implementing its production strategy.
"We are very pleased to welcome these two gentlemen to our board of
directors and management team since we are certain they will add
exceptional value to the company as it moves towards its goal of near
term production," commented Eran Friedlander, President and CEO of
The board of directors has approved a grant of incentive stock
options to both Dr. Martins and Mr. Pereira to purchase an aggregate
of 250,000 common shares pursuant to its 2012 stock option plan. All
options granted as per this press release will have an exercise price
of $0.38 per common share and expire on March 23, 2018.
The company would like to thank Mr Perruca for all of his assistance
to date and wishes him success in all future endeavors.
ABOUT THE COMPANY
Eagle Star Minerals Corp is a publicly listed company focused on the
acquisition, exploration and development of agro-mineral properties
in Brazil. Over the past two years, Eagle Star Minerals has
strategically grown its' presence in Brazil and continues to focus on
maximizing shareholder value by acquiring assets located in
geological areas known for proven phosphate mineralization, coupled
with good logistics in close proximity to agriculture.
The Company's shares are publicly traded on the TSX Venture Exchange
under the symbol EGE, on the OTC Pink Sheets under the symbol ELGSF
and on Frankfurt Stock Exchange under the symbol E6R.
On behalf of the Board of Directors
EAGLE STAR MINERALS CORP.
Eran Friedlander, President
Neither the TSX Venture Exchange Inc. nor its Regulation Service
Provider (as that term is defined in the policies of the TSX Venture
Exchange Inc.) accepts responsibility for the adequacy or accuracy of
this press release.
Eagle Star Minerals Corp.
Senior Manager, Corporate Development
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