TSX-V: PSR
Polar Star Mining
Production and
Exploration in Chile
Acquisition and development of advanced stage gold, copper gold, and uranium exploration and production properties in Chile.



Market Cap:0
Share Price:
Shares O/S:59,286,241
F/D:78,615,961
as of:17-Feb-09

Industry:mining
LastFin'cng:Feb-09
President/CFO:Adam Rochacewich
IR Contact:David Speck


Profile  |  News  |  Charts  |  Media Room  |  Operations  |  People  |  Financial  |  Contact  |  Forum  |  Gallery


Polar Star Board Nominees Recommended by Leading Proxy Advisory Firm

TORONTO, ONTARIO--(Marketwire - April 7, 2009) - Polar Star Mining Corporation ("Polar Star" or the "Company") (TSX VENTURE: PSR.V) announced today that RiskMetrics Group, a leading North American proxy advisory firm, has recommended that Polar Star shareholders vote in favour of the nominees to the Board of Directors proposed by management and reject the slate nominated by dissident shareholder Douglas Willock at the Company's annual meeting to be held in Toronto on April 17, 2009.

RiskMetrics Group, through its subsidiary ISS Governance Services, is Canada's leading provider of corporate governance and proxy voting solutions and provides proxy research, voting services and corporate governance advisory services to financial institutions and corporations worldwide.

In making its recommendation to its clients, RiskMetrics said: "The management nominees are highly experienced, have successful track records and appear better able to create shareholder value. Therefore support is warranted for the management nominees." It also noted "No major strategic missteps or significant abuse of shareholders' rights are apparent in the board's actions. The Board's strategy appears reasonable and prudent in the circumstances."(i)

"The independent recommendation from RiskMetrics confirms the Board's position that voting for its nominees is in the best interests of the shareholders," said Stephen G. Roman, Executive Chair of Polar Star. "It is our view that the Polar Star Board has the more experienced nominees, a better strategy, and a better understanding of the potential and challenges of the Company's projects. It is clear to us that this proxy vote is simply about Douglas Willock seeking control of Polar Star by installing his hand-picked nominees on the Board for his own interests and not for shareholder value."

The Polar Star Board urges all shareholders to vote their YELLOW form of proxy in favour of the Company's nominees to the Board of Directors. Shareholders with questions or requiring assistance in completing their YELLOW form of proxy are asked to contact Polar Star's proxy solicitation agent, Laurel Hill Advisory Services, LLC toll-free at 1-888-812-9185. To be valid, proxies must be received by 10:00 a.m. (Eastern Time) on April 15, 2009.

(i)Note: Permission to quote from the RiskMetrics report was neither sought nor obtained.

About Polar Star Mining Corporation

Polar Star was created to acquire advanced stage exploration properties focusing on gold, copper, and uranium. The Corporation's material assets include 20 projects in Chile, which are 100% owned and cover approximately 146,112 hectares.

Forward-Looking Statements

This press 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 Mining Corporation's filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.polarstarmining.com.

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

Contacts

Laurel Hill Advisory Services
Investors:
1-888-812-9185

Stephen G. Roman
Polar Star Mining Corporation
Executive Chairman
416-368-3496
info@polarstarmining.com
www.polarstarmining.com

Lute & Company
Media:
John Lute
416-929-5883
jlute@luteco.com




November 09, 2009:
Polar Star provides update on Montezuma Property and Early Exercise of Warrants
October 13, 2009:
Polar Star: Talca Gold District exploration update
September 29, 2009:
Polar Star announces granting of options
May 27, 2009:
Polar Star Mining Announces First Quarter 2009 Results and Provides Development Update
May 21, 2009:
Polar Star Applies for Extension of NI 43-101 Technical Report Filing
April 20, 2009:
Polar Star Mining Corporation Elects New Board and Names New President
April 14, 2009:
Polar Star Issues Revised Press Release on Chepica
April 09, 2009:
Polar Star Cuts Significant Widths of Copper Mineralization in First Phase Drilling at Montezuma
April 07, 2009:
Polar Star Board Nominees Recommended by Leading Proxy Advisory Firm
April 07, 2009:
SRK Consulting (Chile) Releases NI 41-101 Technical Report on Chepica
April 03, 2009:
Polar Star Confirms Intended Composition of the Audit Committee
April 01, 2009:
Polar Star Completes Financing
March 06, 2009:
Polar Star Announces That Dissident Douglas Willock Has Rejected Company Compromise
February 27, 2009:
Polar Star Mining Corporation-Drilling Begins at Montezuma
February 23, 2009:
Polar Star Seeks Court Orders to Protect Shareholders from Dissident Abuse
February 19, 2009:
Polar Star Announces Closing of Financing
February 18, 2009:
Douglas Willock provides update to shareholders of Polar Star
February 17, 2009:
Polar Star Announces Date of Annual and Special Meeting of Shareholders
February 10, 2009:
Polar Star Accelerates Montezuma Drilling Program
February 06, 2009:
Polar Star Mining Corporation - Board to continue its orderly process towards shareholder meeting
January 30, 2009:
Management changes at Polar Star - Adam Rochacewich named Interim President
December 15, 2008:
Chépica Option Extension Terminated
November 27, 2008:
BTV-Business Television Features Polar Star Mining & North American Gem Plus Analyst John Embry
November 19, 2008:
Chepica Project Update
October 22, 2008:
3 Meters of 31.67 g/t Gold Plus 0.78% Copper at Chepica Mine
September 24, 2008:
Montezuma and Chepica Mine Update
August 25, 2008:
Polar Star Completes Non-Brokered Private Placement
August 12, 2008:
Polar Star Acquires Additional 5% Equity Interest in Chepica Mine
August 07, 2008:
Polar Star Appoints David G. Speck Vice-President, Corporate Development
July 16, 2008:
Polar Star Issues 250,000 Options
July 12, 2008:
Polar Star Takes on Chile! says Northern Miner Print Edition & Web TV of July 11
July 08, 2008:
Polar Star: 3.1 Meters of 13.55 g/t Au, 9.8 g/t Ag and 0.58% Cu at Chepica Mine
July 02, 2008:
Polar Star Mining Corporation-25,000 Metre Diamond Drill Contract
June 12, 2008:
Polar Star Announces $5,000,000 Financing
May 20, 2008:
Polar Star Appoints New CFO
May 13, 2008:
Polar Star - 44 Metres of 0.71% Cu at Los Azules
May 12, 2008:
Polar Star Mining Annual Shareholders Meeting May 13, 2008
April 10, 2008:
Polar Star Receives $975,000 From Warrants Exercised Early
April 09, 2008:
Polar Star Mining Assigns Rights in Todd Creek Property
March 25, 2008:
Polar Star Mining Corporation Terminates Sonia-Puma Option
February 27, 2008:
Polar Star Options Yoanca Property in Chile
January 15, 2008:
Polar Star Mining Corporation - Los Azules Drilling Program