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Starfire Minerals Inc. Closes Private Placement
STARFIRE MINERALS INC SFR
1/20/2010 7:01:00 PM
VANCOUVER, Jan. 20, 2010 (Canada NewsWire via COMTEX News Network) --

TSXV: SFR

Starfire Minerals Inc. (TSXV: SFR) is pleased to announce that it has now closed its non-brokered private placement previously announced on December 1, 2009, and issued a total of 3,600,000 units at $0.05/unit for gross proceeds of $180,000.

All securities issued pursuant to this private placement are subject to a Canadian hold period expiring May 15, 2010.

<< ON BEHALF OF THE BOARD OF DIRECTORS OF STARFIRE MINERALS INC. "Dan Mosher" ------------------ Dan Mosher President/CEO >>

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: Starfire Minerals Inc.

Starfire Minerals Inc., 25685 82nd Avenue, Langley, B.C., V1M 2M8, Telephone: (604) 669-5642, Fax: (604) 687-6714
Copyright (C) 2010 CNW Group. All rights reserved.

Technical report recommends drilling on Starfire's Stobie Lake Uranium Project, Ontario, Canada.

VANCOUVER, May 9, 2008 (Canada NewsWire via COMTEX News Network) --
Trading Symbol: SFR: TSX-Venture

Starfire Minerals Inc. (the "Company") has received and filed on SEDAR a NI 43-101 compliant report prepared by Donald Phipps, M.Sc., P.Geo. of Sudbury, Ontario covering the Company's Stobie Lake Uranium Project. The report along with other information about the Company can be found at www.sedar.com. and on Starfire's website at www.starfireminerals.ca.

The report will be filed as part of the Company's application for corporate reorganization whereby Starfire Uranium Inc. and Starfire Nickel Inc. will be spun off from Starfire Minerals Inc. as two new public companies.

The Company's Stobie Lake property lies within Stobie and Grigg Townships in the Sudbury Mining District of Ontario, approximately 50 km north-northeast of Sudbury and consists of 18 contiguous mining claims covering approximately 4,288 hectares. The Company owns a 100% interest in the claims subject to a 1% NSR royalty. The stratigraphic position and lithology of the rocks on the Stobie Lake property are analogous to the Elliot Lake area, located 150 km to the southwest, which produced over 300 million pounds of U(3)O8. The presence of anomalous concentrations of uranium on the Stobie Lake property enhances this analogy. The Company carried out a combined airborne magnetic, VLF-EM (very low frequency electromagnetic) and radiometric survey over the Stobie Lake property in 2006. The previously known areas of uranium mineralization were identified along with other anomalous areas which warrant ground follow-up. In 2007, The Company carried out ground geophysics on a 1 x 1 km grid at the Wanapitei River Site. The survey confirmed the anomalous radioactivity detected in the airborne survey.

The Technical Report concludes that the property warrants further exploration with the objective of finding significant areas with higher grade values in the lower part of the Mississagi Formation. This formation crops out on the property along the east side of the Wanapitei River and in the Stobie Lake area. These exposures are thought to dip to the south and southeast beneath the overlying, younger strata and to exist at depth under most of the Stobie Lake property, representing a substantial target area for exploration.

An exploration program, consisting of gridding, detailed geological mapping and sampling, scintillometer surveys, and diamond drilling with a budget of $280,000, is proposed. The Company has conducted only limited exploration to date on the property and no mineral resource under NI 43-101 has been calculated. There can be no assurance that additional exploration will result in the establishment of a minerals resource on the property.

The Qualified Person for purposes of this news release is Mr. Philip J. Rush, P. Geo.

Starfire Minerals Inc. includes uranium, nickel and precious & base metal divisions with properties in Ontario, Quebec and British Columbia.

ON BEHALF OF THE BOARD OF DIRECTORS OF

STARFIRE MINERALS INC.

"Dan Mosher"

------------

Dan Mosher

President/CEO

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL

RESPONSIBILITY FOR ITS CONTENTS.

Starfire proposes corporate reorganization

TSXV: SFR

VANCOUVER, Jan. 7 /CNW/ - Starfire Minerals Inc. (the "Company" or
"Starfire") wishes to announce that the Board of Directors of the Company has
approved a major corporate reorganization of the Company in order to maximize
shareholder value. Management of the Company has concluded that Starfire's
asset value is not fully reflected in its share price and that the Company is
currently trading below the combined value of its various assets. In order to
unlock shareholder value, Starfire will carry out a corporate reorganization
to crystallize and separate each major asset group into its own clearly
focused public company. The reorganization will result in three public
companies, each with its own focused group of properties.
The Company has completed an independent fairness opinion and valuation
to assess the Company's property portfolio and to assist it in determining the
division of properties into the major asset groups which will form the
businesses of the three individual companies.
Accordingly, the Company proposes to carry out the reorganization,
subject to required regulatory, legal and shareholder approvals, through a
plan of arrangement (the "POA") with the result that on completion of the POA,
shareholders of the Company will hold shares in three public companies as
follows:

>

Under the statutory provisions governing the POA, the Company is required
to seek preliminary and final court approval to carry out and complete the
reorganization, (which is customary in all transactions of this nature).
Following preliminary court approval, the Company will mail to its
shareholders of record, an information circular setting out, in prospectus
level detail, the final terms and conditions of the POA and the basis on which
the shareholders will, on completion, hold or receive shares of the three
public companies, including the respective share exchange ratios. In addition
to court approval, there are a number of other conditions which are required
in order to complete the POA, including shareholder, legal and regulatory
approvals. While the Company is stating its intent to carry out the
reorganization and intends to move ahead expeditiously, because of regulatory
and other third party approvals required, it cannot provide any definitive
date at this time when the POA might be completed.
Starfire has a significant asset base spread across Canada. These
properties include highly prospective uranium, nickel, and poly-metallic
properties. Management feels that the clarity developed through a focus on
each asset group will clearly enhance shareholder value into the future.
Following the reorganization, existing shareholders will maintain their
interest in Starfire Minerals Inc., and have a pro-rata stake in the two
additional public companies, each of which offers the potential to realize an
increase in asset value not currently reflected in Starfire's share price.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STARFIRE MINERALS INC.

"Dan Mosher"
------------
Dan Mosher
President/CEO

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS RELEASE.


For further information: Starfire Minerals Inc., 520-355 Burrard Street,
Vancouver, B.C., V6C 2G8, Telephone: (604) 669-5642, Facsimile: (604)
687-6714

Starfire Drilling on Ontario and British Columbia Projects

Marketwire
Starfire Minerals Inc.
September 14, 2007 - 01:58:46 PM
Starfire Drilling on Ontario and British Columbia Projects
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2007) - Starfire Minerals Inc. (TSX VENTURE:SFR) is pleased to provide an update on activities at its 100% owned Langmuir South nickel project near Timmins, Ontario (see previous release of August 1, 2007) and Porphyry Pearl copper-gold project in the Toodogonne mining district of Northern British Columbia (see previous release of July 21, 2007). At Langmuir South, the magnetic and electromagnetic surveys have been completed and six conductors as well as two magnetic anomalies have been selected for drilling. The first pass diamond drill program is budgeted at eight holes totaling 1,000 meters, with a 1,500-meter follow-up program contingent on the first pass results. The drill was mobilized to the property on September 13th and drilling is scheduled to commence today. At Porphyry Pearl, diamond drilling is in progress on an initial 3,000 meter program to test induced polarization anomalies that were defined in 2006. Results of both programs will be released as they become available.

Starfire's Qualified Person as that term is defined in National Instrument 43-101 for this release is Philip J. Rush, P.Geo., who is the author.

ON BEHALF OF THE BOARD OF DIRECTORS OF STARFIRE MINERALS INC.
Dan Mosher, President/CEO
This press release was prepared by management who takes full responsibility for its contents.
FOR FURTHER INFORMATION PLEASE CONTACT:
Starfire Minerals Inc. Christine Mehta Executive Assistant (604) 669-5642 (604) 687-6714 (FAX) Email: christine@starfireminerals.com Website:
www.starfireminerals.ca