Starfire Minerals Inc. makes final payment for Porphyry Pearl Property.

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[{"type":"text","content":"\n\n\n Apr. 26, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSXV: SFR\n\n\nVANCOUVER, April 26 /CNW/ - Starfire Minerals Inc. ("Starfire")\n announces that it has made its final payment for the Porphyry Pearl\n Property ("PPP") to (Arne Birkeland) in the amount of $125,000. With\n the completion of work commitments in the amount of $1,717,979, the\n property will be transferred to Starfire. Work totaling $3,032,021 has\n already been completed.\n\n\nPursuant to a recently signed Joint Venture agreement, Starfire and\n Liaoning will jointly explore and develop the Porphyry Pearl Property\n located in the Toodoggone District of British Columbia through a newly\n formed joint venture company ("NEWCO"). Liaoning will be able to earn\n up to a 51% interest in NEWCO through an investment of up to $9 million\n over 36 months, which funds will be used exclusively for exploration\n and development work on the Porphyry Pearl property. The minimum annual\n investment by Liaoning is $3 million.\n\n\nAccordingly, plans are underway in conjunction with Liaoning Non-Ferrous\n Geological Research and Exploration Institute of Liaoning, PRC.\n ("Liaoning China") to continue exploration of the PPP during this\n summer drill season. Bid documents have been forwarded to suppliers and\n subcontractors.\n\n\nStarfire looks forward to working with Liaoning in the further\n development of this copper/gold project.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS OF S...

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