TSXV: SFR VANCOUVER, Sept. 12 /CNW/ - Starfire Minerals Inc. (the "Company") wishes to announce that it has signed an option agreement to acquire a 100% interest in 16 mineral claims located in the Montreal River North area of the Suganaqueb Township in Ontario, a prospective uranium property. The terms of the agreement include the payment of $25,600 cash and the issuance of 600,000 shares of the Company over 2 years as follows: 200,000 shares within 10 days of obtaining regulatory approval and 200,000 shares on the first and second anniversary dates of the agreement. The agreement also includes work commitments totaling $185,000 over three years as follows: $35,000 in the first year, $100,000 in the second year and $150,000 in the third year. The property is subject to a 2% net smelter royalty, one half of which can be bought back by the Company for $1.0 million. The Company has engaged Terraquest Ltd. (www.terraquest.ca) to commence an Airborne Radiometric and Magnetic Survey, to be flown over this property during late September/early October. Results from this survey will allow the Company to prioritize prospective exploration targets on this property. This acquisition is subject to regulatory approval. ON BEHALF OF THE BOARD OF DIRECTORS OF STARFIRE MINERALS INC. ---------------------- 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.