Starfire Minerals Inc.
Starfire Minerals Inc.: NEWS RELEASE
Starfire Minerals Inc. / Miscellaneous Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- STARFIRE MINERALS INC. 520 - 355 BURRARD STREET VANCOUVER, B.C. V6C 2G8 Telephone: 604.669.5642 Facsimile: 604.687.6714 TSXV: SFR March 15, 2007 NEWS RELEASE Starfire Minerals Inc. (the 'Company') wishes to announce that it has signed an option agreement to acquire a 100% interest in two mineral claims located in the Otish Mountain area in Quebec, a prospective uranium property. The terms of the agreement include the payment of $92,000 cash and the issuance of 600,000 shares of the Company over 3 years as follows: 150,000 shares within 10 days of obtaining regulatory approval and 150,000 shares on the first, second and third anniversary dates of the agreement. The agreement also includes work commitments totaling $150,000 over three years as follows: $50,000 in each of the first, second and third years. The property is subject to a 2% net smelter royalty, one half of which can be bought back by the Company for $1.0 million. This acquisition is subject to regulatory approval. 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. DGAP 16.03.2007 ----------------------------------------------------------------------
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