Trading Symbol: SFR: TSX-Venture VANCOUVER, April 3 /CNW/ - Starfire Minerals Inc. announces that it has optioned 100% interest in a group of claims prospective for uranium, in the Montreal River area of Central Ontario in Slater and Smilsky Townships. The area lies north of Sault Saint Marie, Ontario, close to the Trans Canada Highway. The property contains a number of high grade uranium showings, apparently controlled by shear and fault structures in conjunction with two major unconformities within the stratigraphic section of the Precambrian in this region. The geology is dominated by Archaean-aged intrusives and dykes unconformably overlain by Keweenawan-aged volcanics and red-beds, in turn unconformably overlain by late Keweenawan-aged basin-fill siltstones and sandstones. Pitchblende-bearing veins up to several inches thick occur in shear zones in the vicinity of the unconformities. This configuration of structural features and unconformities, combined with the presence of uranium mineralization, has prompted various workers to draw comparisons of this intriguing uranium occurrence with the Beaverlodge area and the Athabasca basin of Saskatchewan, both major producers of unconformity related uranium mineralization. Terms of the agreement include the payment of $10,000 cash and issuance of 700,000 shares of Starfire Minerals Inc. over 2 years as follows: 200,000 shares upon TSX.V approval and 250,000 shares on the first and second anniversary dates of the agreement. The agreement also includes work commitments of $50,000 in 2006, $225,000 in 2007 and $225,000 in 2008. A 2% net smelter royalty can be reduced by up one half to 1.0% for $1.0 million. Starfire will commence exploration of this property as weather permits in the spring of 2006. The conceptual exploration target-types for this prospect include the various possibilities for "blind" (buried or covered) high grade structurally and stratigraphically controlled pitchblende (uranium) mineralization. This acquisition is subject to regulatory approvals. The Qualified Person for purposes of this press release is Freeman Smith, P.Geo., Director, Qualified Person for NI 43-101 Starfire Minerals Inc. includes uranium, nickel and precious & base metal divisions with properties in Ontario, Quebec and British Columbia. ON BEHALF OF THE BOARD OF DIRECTORS OF STARFIRE MINERALS INC. "Dan Mosher" -------------------------------- Dan Mosher President/CEO THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.