Polaris Minerals announces management transition

    VANCOUVER, July 14 /EMWNews-FirstCall/ - The Board of Polaris

Minerals Corporation (TSX: PLS) today announced that, effective January 1,

2009, Herbert G. A. Wilson, the Company's Senior Vice President and Chief

Operating Officer, will succeed Marco Romero as President and CEO of the

Company. Thereafter Mr. Romero, the Company's founder, will remain a

director and also be available to assist management, under the terms of a

long-term advisory agreement. Mr. Wilson has been appointed to the Board of

Directors of the Company effective immediately.



    Roman Shklanka, Chairman, commented: "This is a natural transition that

has been in the planning stages for some time, recognizing that the Company

was evolving from the entrepreneurial start-up phase to a maturing

construction materials producer. Herb Wilson has had an extensive

management career in the construction aggregates industry and has been

responsible for the construction and operation of our world-class assets

since joining the Company seven years ago. The board has every confidence

in his abilities." He continued: "We would like to recognize Marco Romero's

outstanding achievement in building Polaris from an idea to a successful

operating company. We are pleased that he has agreed to continue his

association with the Company following this transition and wish him every

success in his future endeavours."



    Marco Romero, President and Chief Executive Officer, commented: "It was

always my intention to achieve a well planned management transition. I know

that the Company is now in very capable hands. Herb is an experienced

operator and he possesses in-depth knowledge of our company. He has worked

hard and played a key role in building Polaris since 2001. He has fully

earned this position. I strongly support his promotion." Mr. Romero

continued: "We have been entrusted with unique and irreplaceable assets,

and we have put in place all of the elements to manage them in a

responsible and sustainable manner. We have been given the social license

to operate and grow Polaris into a major long-term player in the west coast

construction materials industry. Despite the unprecedented economic

headwinds affecting our sector at this time, the Company's business model

is perfectly sound. I will remain committed to Polaris' long-term success

and will support Herb Wilson in any way that I can, so that he can deliver

to our shareholders and partners the true long-term value of our

exceptional mineral deposits."



    Herb Wilson added: "We have set the stage for Polaris to achieve its

long term goals through Marco Romero's vision and perseverance, and I am

confident that we will continue growing a solid business on the foundations

established. I look forward to continuing to work with him in his new role.

The high professional, environmental and social standards, and the

respectful partner relationships, established by him, for which the Company

has received so much recognition, will remain central to our plans."



    Polaris Minerals Corporation is exclusively focused on the development

of quarries and the production of construction aggregates on Vancouver

Island, British Columbia, for marine transport to urban markets on the west

coast of North America to meet growing local supply deficits. In 2007,

Polaris began shipping sand and gravel from the Orca Quarry to San

Francisco Bay, Vancouver, and Hawaii.



    This press release contains "forward-looking statements" and

"forward-looking information" within the meaning of applicable securities

laws. These statements and information appear in this document and include

estimates, forecasts, information and statements as to management's

expectations with respect to, among other things the future financial or

operating performance of the Company, costs and timing of the development

of the construction aggregate quarry, the timing and amount of estimated

future production, costs of production, capital and operating expenditures,

requirements for additional capital, government regulation of quarrying

operations, environmental risks, reclamation expenses, and title disputes.

Often, but not always, forward-looking statements and information can be

identified by the use of words such as "may", "will", "should", "plans",

"expects", "intends", "anticipates", "believes", "budget", and "scheduled"

or the negative thereof or variations thereon or similar terminology.

Forward-looking statements and information are necessarily based upon a

number of estimates and assumptions that, while considered reasonable by

management, are inherently subject to significant business, economic and

competitive uncertainties and contingencies. Readers are cautioned that any

such forward-looking statements and information are not guarantees and

there can be no assurance that such statements and information will prove

to be accurate and actual results and future events could differ materially

from those anticipated in such statements. Important factors that could

cause actual results to differ materially from the Company's expectations

are disclosed under the heading "Risks and Uncertainties" in the Company's

Annual Report and under the heading "Risk Factors" in the Company's Annual

Information Form (AIF) in respect of its financial year-ended December 31,

2007, both of which are filed with Canadian regulators on SEDAR (

http://www.sedar.com ). The Company expressly disclaims any intention or

obligation to update or revise any forward-looking statements and

information whether as a result of new information, future events or

otherwise. All written and oral forward-looking statements and information

attributable to us or persons acting on our behalf are expressly qualified

in their entirety by the foregoing cautionary statements.