POS Polar Star Mining (Tier2)

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Polar Star Mining Corporation (TSX VENTURE:POS)(PINK SHEETS:POSRF) ("Polar Star"
or the "Company") is pleased to announce the completion of its non-brokered
private placement of 277,000 units of the Company ("Units") for $0.65 per Unit,
resulting in gross proceeds of $180,050. Combined with the previously announced
completion of its brokered private placement, the Company has issued 7,692,400
Units for $0.65 resulting in total gross proceeds of $5,000,060. Each Unit
consists of one common share and one half of one warrant. Each whole warrant
entitles the holder to subscribe for one common share for $1.00 per common share
for a period of 18 months following the closing of the offer. HudBay Minerals
Inc. was the lead order in the previously announced brokered private placement,
subscribing for 9.9% of Polar Star's outstanding shares as at July 8, 2008.


About Polar Star Mining Corporation

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 141,000
hectares.


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 August 25, 2008.

Business Television Feature:

Polar Star was selected and featured on Business Television in early March 2008.
If you missed the show, please click on the link below to watch the full-feature


http://www.b-tv.com/i/videos/PolarStar.wmv

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