Trading Symbol: SFR: TSX-Venture VANCOUVER, March 30 /CNW/ - Starfire Minerals Inc. is pleased to announce the acquisition of a nickel prospect located in Shaw Township a few miles southeast of Timmins, Ontario, Canada. The property contains multiple airborne and ground-delineated electromagnetic conductors lying within a zone of ultramafic rocks, as interpreted from regional airborne and ground magnetic surveys. The property was acquired as part of Starfire Nickel's renewed activity in the Shaw Dome area of the nickel-hosting Abitibi Peridotite belt. It lies to the west of the company's Carman Township nickel prospect. Starfire Nickel Inc. is a wholly owned subsidiary of Starfire Minerals Inc. (For further details on the Carmen property please refer to our news release March 7, 2006). In Langmuir Township, to the southeast, Starfire Minerals Inc. also holds the Langmuir South nickel prospect, the subject of a current geophysical program and proposed drilling program as recommended by G. A. Harron and Associates in a recently filed NI 43-101 compliant report. Starfire's Langmuir South property lies adjacent to, and south of, Inspiration Mining Company's current intensive drilling program on the Langmuir North prospect extending from the original Langmuir No. 1, and Langmuir No. 2 Mines which were former producers in the region. (For further details on the Langmuir property please refer to our news releases of February 8, 2006 and February 16, 2006). Terms of the agreement include acquisition of 100% interest in the property by a minimum work expenditure on the property of $25,000 by May 30, 2006 and the issuance of 200,000 shares of Starfire Minerals Inc. to the vendor as follows: 100,000 shares upon approval by the TSX.V and a further 100,000 shares on the anniversary date of the agreement. A 2% net smelter royalty can be reduced by up to three quarters to 0.5% for $1.5 million. This acquisition is subject to regulatory approvals. 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.
