Eagle Star Intersects More High-Grade Phosphate in Pits 9 and 10 Which Remain Open in Depth at the North East Portion of Bomfim Hill

VANCOUVER, 01/16/13 - Eagle Star Minerals Corp. (TSX VENTURE: EGE) (PINKSHEETS: ELGSF) (FRANKFURT: E6R) ("Eagle Star" or "the Company") is pleased to announce hand held XRF results from two additional pits at the north portion of PZE which have yet again confirmed high-grade phosphate throughout the area. Pit-09 returned 17.75% P2O5 over a 4 meter intersection from surface and remains still open in depth. Exploration on the pit was restricted due to hard material limiting further manual digging beyond 4 meters. Pit-10 returned 1m @ 14.33% P2O5 starting from 4 meters and is also open in depth. Pits 8, 9 and 10 are aligned along a strike of 180 meters and based upon their results, mineralization appears to extend beyond the 1.2 kilometer strike previously announced Jan 8th, 2013.

To view Bomfim Pits 1 to 10 please click on the following link:
http://media3.marketwire.com/docs/EGE0116.pd

XRF readings were collected systematically following recommended procedures of the manufacturer, Innov-X Systems. Pits are channel sampled along meter intervals and for each sample three readings are collected and averaged. Prior to analysis, the sample collected is homogenized, dried (using microwave oven) and manually crushed to fine grain. The composite grade for the pit is reached by weighted averaging of the values obtained for each sample. The handheld XRF analyzer is an Olympus Delta model and was calibrated according to Innov-X Systems in-house calibration procedure. The Company conducts field XRF analysis using industry recognized sample preparation and analysis protocols, and has conducted sufficient quality control using the XRF method to believe that although the method cannot be relied upon to have the equivalent precision and accuracy of a certified analytical laboratory, the results are of sufficient quality to direct exploration pending analytical laboratory confirmation.


CONCLUSIONS

"Bomfim continues to deliver fantastic results. We are now confident that the east side of Bomfim Hill hosts a significant amount of high-grade material which we intend to quantify over the coming months by way of a NI 43-101 resource report," commented Eran Friedlander, President & CEO Eagle Star Minerals Corp. "What's even more intriguing is that we have only begun to fully uncover the potential throughout our claim blocks. The west and central portions of Bomfim Hill as well as additional targets of outcropping high-grade phosphate identified to the north have made it very clear to our technical team that we have just begun to scratch the surface in terms of a high-grade, large tonnage deposit."

John Harrop PGeo., FGS, of Coast Mountain Geological, a qualified person under NI 43-101, reviewed and approved the technical disclosures of this press release on behalf of the company.


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.



Contacts:

Eagle Star Minerals Corp.
Patrick Brandreth, Senior Manager, Corporate Development

1-604-282-7157
patrick@eaglestarminerals.com
www.eaglestarminerals.com