Antares Minerals Inc. reported consolidated unaudited earnings results for the second quarter and six months ended July 31, 2009. For the quarter, interest income was CAD 16,342 against CAD 155,395 a year ago. Loss and comprehensive loss for the period was CAD 1,600,989 or CAD 0.029 per basic and diluted share against CAD 1,584,565 or CAD 0.030 per basic and diluted share a year ago. Cash used in operating activities was CAD 10,529 against CAD 462,226 a year ago. Capital expenditure on additions to property, plant and equipment was CAD 12,513 against CAD 76,728 a year ago. Capital expenditure on additions to resource properties was CAD 642,997 against CAD 2,693,934 a year ago. For interest income was CAD 42,039 against CAD 363,137 a year ago. Loss and comprehensive loss for the period was CAD 2,368,950 or CAD 0.043 per basic and diluted share against CAD 2,770,305 or CAD 0.055 per basic and diluted share a year ago. Cash used in operating activities was CAD 1,500,985 against CAD 2,372,641 a year ago. Capital expenditure on additions to property, plant and equipment was CAD 16,105 against CAD 180,198 a year ago. Capital expenditure on additions to resource properties was CAD 5,010,387 against CAD 6,930,345 a year ago.

Antares Minerals Inc. reports that it continues to be a party of interest with the United States Bankruptcy Court for the District of Idaho in the matter regarding the Sterling Mining Co. and its corporate assets situated in the Coeur d' Alene, Idaho. As a party of interest, the Company is interested in pursuing options with the debtor, Sterling Mining Company and its related assets. The Company believes that there will continue to be a number of attractive acquisition opportunities available to the Company. The Company has and continues to conduct due diligence reviews on a number of resource opportunities, including a number of advanced stage mineral exploration projects that meet the Company's corporate mandate of acquiring opportunities with established resources, expansion potential, infrastructure, cash flow and near term cash flow. However, investors are cautioned that there can be no assurance that a transaction could be completed on terms satisfactory to the Company, or at all.

Antares Minerals Inc. announced that the 2009 drilling campaign is underway at the Haquira Cu-Mo-Au Project in Southern Peru. The initial phase of the 2009 drilling program will utilize four drill rigs and will focus on exploration of four satellite targets in the immediate vicinity of the known Cu-Mo-Au mineralization at the Haquira East and Haquira West Zones. The drilling program also will test the Cristo de los Andes target, located 10 km to the south of the main Haquira Zones. These exploration targets have the potential to add significant tonnage to the already sizeable Haquira deposits. Two rigs are currently drilling in the immediate Haquira area and will drill a total of 5,000 m to test the Haquira Far East (HFE), Haquira East SW Extension (HESWX), Potato Patch (PP) and Haquira West Primary (HWP) targets. Two additional rigs have commenced drilling a minimum of 3,000 m at the Cristo de los Andes target where three shallow holes completed in 1994-96 cut 33 m @ 0.65% Cu (Hole 143-06), 33 m @ 0.77% Cu (Hole 143-08) and 15.4 m @ 0.48% Cu and 17.5 m with 0.44% Cu (Hole CA-2). The copper discovered here is near-surface secondary copper within sedimentary rocks along the margin of a multi-phase monzonite intrusive complex in a setting almost identical to that of the Haquira East deposit.