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Polaris Wins Award for Sustainability Practices

November 29, 2006

VANCOUVER, British Columbia - Polaris Minerals Corporation (TSX:PLS) today announced that it has received the prestigious 2006 Mining and Sustainability Award.

The award, which recognizes Polaris' excellence in business development, environmental stewardship and corporate social responsibility, was presented by Bill Bennett, British Columbia's Minister of State for Mining, and Pierre Lebel, Chairman of the Mining Association of British Columbia.

Marco Romero, Polaris' President and CEO said: "Since the creation of Polaris, our team has endeavoured to balance uncompromising social, environmental and commercial objectives. We have worked hard to become sustainably integrated into the environment and communities in which we work, and it is very gratifying to have these efforts recognized. Our principles and philosophy manifest themselves significantly in the close working relationships with our First Nation partners, for which we are deeply grateful. It remains our goal to build Polaris into one of the largest, most efficient and progressive producers of construction aggregates on the Pacific coast of North America."

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 west coast of North America to meet growing local supply deficits.

For further information, please contact:
Marco Romero, President and Chief Executive Officer or
Mike Westerlund, Director, Corporate Development
Polaris Minerals Corporation
Tel: (604) 915-5000
Web site: www.polarmin.com
Email: info@polarmin.com

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 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, 2005, both of which are filed with Canadian regulators on SEDAR ( www.sedar.com ). 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.