Starfire Minerals Completes Phase II on the Capri uranium property

TSXV: SFR

VANCOUVER, Aug. 26 /CNW/ - Starfire Minerals Inc. has completed Phase II
of its 2005 exploration program on their Capri uranium properties in Quebec.
The works to date includes line cutting, geophysics (scintillometer and
magnetics) and mapping on 3 grids in addition to the recent phase of diamond
drilling on Grid I.
Grid I consists of 25 line kilometers at 50 m line spacing over areas of
past discovery. Scintillometer surveys and geological mapping identified
several areas of anomalous readings that were sampled on surface and later
tested at depth with diamond drilling. The Company has completed 1700m of NQ
drilling at 21 drill hole locations and is awaiting geochemical assay results.
Grid II (to the east of Grid I) comprises about 20 line-kilometres of
grid over which scintillometer and magnitics surveys were conducted.
Scintillometer, mapping surveys and sampling identified several anomalous
pegmatitic geological units that were stripped of organics and sampled using a
rock saw. In total 12 grab and chip samples were taken from grid II and
submitted to Lakefield Laboratories for analysis.
Grid III (to the west of Grid I) comprises about 3 line kilometres of
grid over which scintillometer and magnitics surveys were conducted.
Scintillometer and mapping surveys identified two north-south trending
granitic-pegmatitic geological units that span the length of the grid, about
350 metres. An anomalous area of high scintillometer readings was identified
in July at which time 14 panel and channel samplings were excavated from the
anomalous area with a rock saw. The results of the 14 samples are shown below
in Table 1. Further rock saw sampling was conducted along strike both north
and south of the anomalous zone. An additional 17 samples were taken with
rocksaw in late August. The anomalous granite unit extends further on the
property both north and south of the grid. Expansion of the grid and
additional surveys will be required to determine the size of this geological
unit.

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     Table 1: Capri Grid III Panel and Channel Sample Geochemical
                            Assay Results.
-------------------------------------------------------------------------
                                       Uranium content   Equivalent assay
                                          Using XRF         content in
Sample ID               Spectrometer    (grams/tonne)      pounds/tonne
                            C.P.S          Uranium            Uranium
-------------------------------------------------------------------------
WZ CH-A 01                  1,300             25                0.06
-------------------------------------------------------------------------
WZ CH-A 02                  1,000             25                0.06
-------------------------------------------------------------------------
WZ CH-A 03                    500             19                0.04
-------------------------------------------------------------------------
WZ CH-A 04                    320             14                0.03
-------------------------------------------------------------------------
WZ CH-A 05                    300             25                0.06
-------------------------------------------------------------------------
WZ CH-AX 01                   300              8                0.02
-------------------------------------------------------------------------
WZ TR-A PAN 01             10,000             15                0.03
-------------------------------------------------------------------------
WZ TR-A PAN 02              2,000             53                0.12
-------------------------------------------------------------------------
WZ TR-B PAN 01             16,000            359                0.79
-------------------------------------------------------------------------
WZ TR-B PAN 02             24,000            761                1.67
-------------------------------------------------------------------------
Trench B Bloc Grab         28,000            383                0.84
-------------------------------------------------------------------------
WZ TR-C PAN 01             14,000            433                0.95
-------------------------------------------------------------------------
Note: Price of U3O8 at present is US$30.20/pound. C.P.S.: A count per
second reading includes gamma ray emissions from uranium, thorium and
daughter elements.

All of the samples shown in Table 1 were excavated from pegmatite and
pegmatitic granites from 3 trenches that are about one metre wide and 10m
long. Several of the above results are considered by the Company to be highly
anomalous and should be tested at depth with diamond drilling.
The Company's target range for this project is between 0.5 and 2.0 pounds
per tonne. Historically low-grade high-tonnage mines have commercially
produced uranium at these grades. The Company has not yet conducted sufficient
exploration on the Capri property to delineate an economic resource at this
time.
The Company plans to test the anomalous zone on Grid III with diamond
drilling in the area of the positive surface assay results shown in Table 1,
and will expand to test other anomalous zones along strike, as indicated by
pending assay results.
Pending positive assay results from Grid II the Company plans to
delineate drill targets on Grid II.
The Company is awaiting assay results from 21 drill holes from Grid I.
Pending positive assay results a second phase of drilling will be proposed.
The assay results from Lakefield Laboratories will be published as the
information is made available.

ON BEHALF OF THE BOARD OF DIRECTORS OF

STARFIRE MINERALS INC.

----------------------------------------------------
Freeman Smith, Director, P.Geo. - QP for the company

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