🕐18.01.11 - 16:27 Uhr

Eagle Star Minerals Corp.: Results Up to 44.66% FE2O3 Across 39 Metres, Angico I
ron Project, North Eastern Brazil



Add to your address book or safe list to ensure delivery of email blasts (click for instructions) Results up to 44.66% Fe2O3 across 39 metres Angico Iron Project, North Eastern Brazil

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January 18, 2011, Vancouver, British Columbia: Eagle Star Minerals Corp., (TSX.v: EGE; FSE:
E6R; OTC PINK: ELGSF) (�Eagle star� or "the Company") Further to its news release dated June 10, 2010 Eagle Star is pleased to provide an update on the recently completed first stage exploration work program at its Angico Iron project in the State of Piaui, North East Brazil. The following work has been completed to date:

Ground magnetic survey was completed over specific outcrop areas in the Serra do Cavaleiro (Cavaleiro), Serra do � (Serra) and Serrinha blocks Detailed geological mapping with chip and channel sampling across Banded Iron Formation outcrops (�BIF�) in the Serra do Cavaleiro, Serra do O and Serrinha blocks. Trenching on the Serra do Cavaleiro (Cavaleiro) block and scout diamond core drilling consisting of 500 metres (7 holes) was performed on the Serrinha and Serra do � blocks.

Excellent results were obtained from systematic chip sampling in two trenches on the Cavaleiro Block. Sampling was carried out at 2 (two) metre continuous intervals across (perpendicular) BIF. The results from the two trenches are as follows:

Trench 1: 44.66% Fe2O3 across 39 metres, including 47.27% Fe2O3 across 32 metres
Trench 2: 48.72% Fe2O3 across 22 metres including 51.98% Fe2O3 across 18 metres

Detailed individual assays for the trenches are listed below:

Trench 1

Sample length(m) Width (m) Fe2O3% P2O5% S% SiO2% grade x width Fe2O3% 0 to 2 2 37.66 0.03 <0.001 58.89 75.32 2 to 4 2 42.12 0.03 <0.001 53.35 84.24 4 to 6 2 42.27 0.02 <0.001 53.20 84.54 6 to 8 2 40.71 0.03 <0.001 54.23 81.42 8 to 10 2 41.99 0.03 <0.001 53.46 83.98 10 to 12 2 43.62 0.04 <0.001 52.65 87.24 12 to 14 2 44.84 0.03 <0.001 51.13 89.68 14 to 16 2 45.90 0.03 <0.001 51.19 91.80 16 to 18 2 47.85 0.02 <0.001 49.37 95.70 18 to 20 2 55.10 0.02 <0.001 41.24 110.20 20 to 22 2 60.61 0.03 <0.001 35.42 121.22 22 to 24 2 55.35 0.03 <0.001 41.42 110.70 24 to 26 2 44.53 0.02 <0.001 52.38 89.06 26 to 28 2 49.62 0.03 <0.001 45.74 99.24 28 to 30 2 51.92 0.04 <0.001 42.78 103.84 30 to 32 2 45.80 0.03 <0.001 47.16 91.60 32 to 34 2 44.10 0.03 <0.001 50.31 88.20 34 to 39 5 30.77 0.03 <0.001 60.78 153.85 2 to 34 32.00 1512.66 47.27 0 to 34 34.00 1587.98 46.71 0 to 39 39.00 1741.83 44.66

Trench 2

Sample length(m) width Fe2O3% P2O5% S% SiO2% grade x width Fe2O3% 0 to 2 2 51.90 0.05 <0.001 43.73 103.80 2 to 4 2



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