February 4th, 2013 – VANCOUVER, BRITISH COLUMBIA: Eagle Star Minerals Corp., (TSX-V: EGE) (PINK SHEETS: ELGSF.PK) (Frankfurt: E6R.F) (“Eagle Star” or “the Company”), is pleased to announce it has oversubscribed and completed its non-brokered private placement of 6,000,000 units at a price of twenty cents per unit previously announced January 17th, 2013. Each unit comprises one common share and one-half share purchase warrant. Each full warrant entitles the holder to purchase one additional common share of the company at a price of 30 cents per common share for a period of 18 months following the date of closing.

In addition, the company is pleased to announce that due to increased demand by strategic investors, management and employees, it has decided to oversubscribe the private placement by 2,750,000 units for total gross proceeds of $1,750,000 or 8,750,000 units.