Polar Star-Todd Creek 2008 Drill Program and Exploration Results

TORONTO, ONTARIO, Jan 12 (MARKET WIRE) --
Polar Star Mining Corporation (TSX VENTURE: POS) ("Polar Star" or the
"Company") and its partner, Goldeye Explorations Limited ("Goldeye") and
the optionor, Intuitive Exploration Inc. ("NTE"), are pleased to announce
the discovery of a significant volcanogenic massive sulfide (VMS)
environment on the Todd Creek Property in northwest British Columbia,
Canada. BC Geological Survey geologists have confirmed the favorable
environment, which has been traced via the presence of VMS stratigraphy,
stringer/feeder zones and multiple exhalite horizons, in outcrop and new
drillholes over a strike length of more than 7 km. Sampling of the
discovery outcrop in 2008 returned assays up to 57 g Ag/T, 1.7% Cu and
7.1% Zn. The partners have optioned additional ground to cover the
apparent strike extension of one of the VMS horizons, bringing the total
land position to nearly 20,000 hectares.

Core drilling in 2008 at the South Zone Au-Cu target returned an interval
of 1.75 g Au/T and 0.26% Cu over a 17.3m core length. Assays have not
been delivered for the bottom portion of that first hole or the seven
additional holes from the 2,600 meter program. Historic drilling at the
South Zone included a number of strong intercepts, including 8.62 g Au/T
and 0.45% Cu over 11.7m. Subsequent drilling at South Zone in 2008
encountered VMS-style mineralization, for which assays have not yet been
returned. NTE geologists have interpreted the South Zone as occupying an
important structural intersection that may constitute a feeder to VMS
stratigraphy and a conduit for later crosscutting epithermal or
porphyry-related Au-Cu mineralization. Most of the analytical results
from 2008 drilling and surface geochemistry have been put on hold at the
lab pending the restructuring of Intuitive Exploration Inc. (NTE), the
private company operating the exploration program, which cost
approximately $2.2 million in 2008.

The Todd Creek Property is located in Skeena Mining Division in the
Eastern Volcanic Belt of the Stewart Gold Camp of British Columbia. There
remain numerous other gold, copper, and VMS targets to be delineated when
results from 2008 are complete. NTE is contemplating the 2009 exploration
program to follow up on these successes. The program may include an
airborne electromagnetic/magnetics survey, ground geophysical surveys,
mapping/sampling, and diamond drilling. The property is held by Polar
Star and Goldeye, and NTE has the right to earn up to a 70% interest with
expenditures of $5 million and certain option and share payments. NTE
expended approximately $2.2 million in exploration during 2008.

Qualified Person

Mr. David E. Molloy, M.Sc., P.Geo., ABEGBC, APGEO is the qualified person
within the meaning of National Instrument 43-101. Mr. Molloy has reviewed
the contents of this news release.

About Polar Star

Polar Star was created to acquire advanced stage exploration properties
focusing on gold, copper-gold, and uranium. The Corporation's material
assets include 20 projects in Chile, which are 100% owned and cover
approximately 146,112 hectares. HudBay Minerals Inc. acquired 3,860,605
shares of Polar Star in July 2008 which represents approximately 9.8% of
the outstanding shares of the Company.

About Goldeye

Goldeye is a Canadian mineral exploration company acquiring, exploring
and advancing properties in Canada and Chile. For further information on
Goldeye, please contact Blaine Webster, CEO, 905-886-2538.

Forward-Looking Statements

The statements made in this news release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual
events or results could differ materially from the Company's expectations
and projections. Accordingly, readers should not place undue reliance on
forward-looking statements. For a more detailed discussion of such risks
and other factors, refer to Polar Star Mining Corporation's filings with
Canadian securities regulators available on www.sedar.com or the
Company's website at www.polarstarmining.com.

Share Capitalization:

Shares Outstanding: 39,241,098 as at January 12, 2009.

Business Television Feature:

Polar Star was selected and featured on Business Television in early
December 2008. If you missed the show, please click on the link below to
watch the full-feature
www.b-tv.com/features/watch-now.html?clip=BNNpolarstarmining.wmv.

The Toronto Stock Exchange Venture has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release and the
information contained herein.

Contacts:
Polar Star Mining Corporation
Douglas Willock
President and CEO
(416) 368-3496
Email: info@polarstarmining.com
Website: www.polarstarmining.com

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