Mr. Eran Friedlander reports

EAGLE STAR ADOPTS SHAREHOLDERS RIGHTS PLAN AND PROVIDES ADDITIONAL RESULTS FROM ANNUAL AND EXTRAORDINARY MEETING

Eagle Star Minerals Corp.'s shareholders have approved all resolutions presented to them as part of the company's annual and extraordinary meeting held on May 21, 2013. Five directors have been re-elected for the ensuing year: Eran Friedlander (also president and chief executive officer), Jill Leversage, Dr. Jose Eloi Guimaraes Campos (also chief operating officer), Gustavo Dalla Valle Baptista da Silva and Dr. Eder Souza Martins. The shareholders have also reappointed Manning Elliot LLP as the company's auditor and adopted the company's 2013 stock option plan.

In addition, shareholders have approved the resolution to adopt the company's shareholder rights plan. The objective of the rights plan is to ensure, to the extent possible, the fair treatment of all shareholders in connection with any takeover bid for the securities of the company, to provide the board sufficient time to evaluate unsolicited takeover bids, and to explore and develop alternatives to maximize shareholder value. The rights plan is not intended to and will not prevent a takeover of the company.

Finally, the company has granted a total of 150,000 stock options exercisable at a price of 38 cents per share as per the company's 2013 stock option plan. The options are valid for a period of five years expiring May 21, 2018, and are subject to the provisions of the TSX Venture Exchange.

Eagle Star is not aware of any specific takeover bid for the company that has been made or is contemplated. A complete copy of the rights plan is available upon request to the company and will be made available under the company's profile on SEDAR.