/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, Jan. 31 /CNW/ - Polar Star Mining Corporation (TSX: PSR) ("Polar Star" or the "Company") today announced that David Speck, Vice President Corporate Development has resigned from the Board of Directors, effective immediately, in order to pursue an outside venture. 

Mr. Speck will be retained as a consultant to Polar Star during a transitionary period.  The Board and management of the Company thank David for his contributions and for effectively representing the interests of shareholders in his capacity as a director.

About Polar Star

Polar Star Mining Corporation (TSX: PSR) is an emerging exploration company with a focus on building value in Chile through discovery and development.  Its flagship property, Montezuma, covers 40 kilometres of the West Fault and the cross-cutting Esperanza Fault system and is located between Codelco's Radomiro Tomic - Chuquicamata - Mansa Mina group of copper-molybdenum porphyry deposits, and Antofagasta PLC's El Tesoro - Esperanza - Polo Sur group of copper-gold porphyry deposits.

Share Capitalization

Shares outstanding: 90,410,435 as at January 31, 2011

www.polarstarmining.com

For further information:

Adam Rochacewich, CFO
Polar Star Mining Corporation
(416) 368-3496
info@polarstarmining.com