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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/




VANCOUVER, June 25, 2013 /CNW/ - Polaris Minerals Corporation (the "Company") (TSX:PLS) announces that the bought deal financing announced on June 3, 2013, led
by Dundee Securities Ltd., together with GMP Securities L.P.
(collectively, the "Underwriters"), was closed today. The Underwriters
exercised their over-allotment option in full and 13,225,000 Common
Shares were issued at $1.31 per share with gross proceeds to the
Company of $17.3 million. The Common Shares were issued by way of a
final short form prospectus filed in all of the provinces of Canada,
except Quebec, pursuant to National Instrument 44-101 - Short Form Prospectus Distributions and in the United States on a private placement basis pursuant to a
exemptions from the registration requirements of the United States Securities Act of 1933, as amended.


Net proceeds, after the Underwriters' commission and associated issue
costs, were $16.3 million from which the Company will use a total of
$8.65 million to repay its outstanding debt in full together with the
accrued interest thereon. The proceeds will also be used to facilitate
the Company's entry into the Southern California market and for general
working capital purposes.



Polaris Minerals Corporation is exclusively focused on the development of quarries and the
production of construction aggregates in British Columbia for marine
transport to urban markets on the Pacific coasts of North America to
meet growing local supply deficits. In 2007, Polaris began shipping
sand and gravel from the Orca Quarry to San Francisco Bay, Vancouver
and Hawaii.


Cautionary Note Regarding Forward Looking Statements


This press release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable
securities laws. These statements and information appear in this
document and include estimates, forecasts, information and statements
as to management's expectations with respect to, among other things the
use of proceeds including repayment of the Senior Secured Notes, the
future financial or operating performance of the Company, costs and
timing of the development of the construction aggregate quarry, the
timing and amount of estimated future production, costs of production,
capital and operating expenditures, requirements for additional
capital, government regulation of quarrying operations, environmental
risks, reclamation expenses, and title disputes. Often, but not
always, forward-looking statements and information can be identified by
the use of words such as "may", "will", "should", "plans", "expects",
"intends", "anticipates", "believes", "budget", and "scheduled" or the
negative thereof or variations thereon or similar terminology.
Forward-looking statements and information are necessarily based upon a
number of estimates and assumptions that, while considered reasonable
by management, are inherently subject to significant business, economic
and competitive uncertainties and contingencies. Readers are cautioned
that any such forward-looking statements and information are not
guarantees and there can be no assurance that such statements and
information will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from the Company's expectations are disclosed under
the heading "Risks and Uncertainties" in the Company's Annual Report
and under the heading "Risk Factors" in the Company's Annual
Information Form (AIF) in respect of its financial year-ended December
31, 2012, both of which are filed with Canadian regulators on SEDAR The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements and information whether
as a result of new information, future events or otherwise. All
written and oral forward-looking statements and information
attributable to us or persons acting on our behalf are expressly
qualified in their entirety by the foregoing cautionary statements.





SOURCE: Polaris Minerals Corporation



For further information:

Herb Wilson, President and CEO Polaris Minerals Corporation Tel: (604) 915-5000

info@polarmin.com