Eagle Star Announces a Third Trench Returned 41.62% Fe2O3 across 27.5 metres, Cavaleiro Block-Angico Iron Project, North Eastern Brazil

VANCOUVER, BRITISH COLUMBIA, Feb 24, 2011 (MARKETWIRE via COMTEX News Network) —

Eagle Star Minerals Corp. (TSX VENTURE: EGE)(PINK SHEETS: ELGSF)(FRANKFURT: E6R) (“Eagle star” or “the Company”) – Further to its news release dated January 18, 2011 Eagle Star is pleased to announce that excellent results were obtained from further trenching along strike on the Cavaleiro Block – Angico Iron Project, North Eastern Brazil. Trench 3 is located approximately 900 metres to the north of Trench 2 and one kilometer north of Trench 1 along the Banded Iron Formation trend.

Systematic chip and channel sampling from Trench 3 returned 41.62% Fe2O3 across 27.5 metres. As announced previously samples from Trench 1 returned 44.66% Fe2O3 across 39 metres and Trench 2 returned 48.72% Fe2O3 across 22 metres.

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