Trading Symbol: SFR: TSX-Venture VANCOUVER, May 17 /CNW/ - Starfire Minerals Inc. has received and filed on SEDAR a NI 43-101 compliant report prepared by Gerald Harron of G. H. Harron and Associates of Toronto, Ontario covering its Carman Township nickel prospect, Timmins, Ontario, Canada. (This document along with other information about the company can be found at www.sedar.com.) A program of $475,000 in two phases is recommended to investigate the economic potential of three untested conductive horizons on the property. A limited horizontal loop electromagnetic (HLEM) survey is recommended to guide drill location. The Carman project is located on the eastern flank of the Shaw Dome structural feature about 20 km southeast of Timmins, Ontario. The Shaw Dome area hosts five massive sulphide nickel deposits and has the potential to host disseminated sulphide nickel deposits. Previous historical work in 1973 on the property has demonstrated the presence of finely disseminated nickel sulphides which will be investigated from a metallurgical recovery viewpoint. Surface mapping and sampling to confirm earlier work and to establish surface distribution of sulphides within the ultramafic mass are currently in progress. Starfire has conducted only limited exploration to date on the property and no mineral resource under NI 43-101 has been calculated for the property. There can be no assurance that additional exploration will result in the establishment of a minerals resource on the property. Starfire owns 100% interest in the property subject to a 3% net smelter return royalty of which 1% may be purchased for $1 million at any time prior to production. The Qualified Person for purposes of this press release is Gerald Harron of G. H. Harron and Associates of Toronto, Ontario, 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
