Long Beach Terminal acquisition agreement extended

Long Beach Terminal acquisition agreement extended

Friday, August 1st 2008

Polaris Minerals Corporation today announced that its subsidiary, Eagle Rock Aggregates Inc., has extended the agreement to purchase the 12.4 acre Pier B site in the Port of Long Beach, California. The Company now has until August 4, 2008, to complete its due diligence review. Upon the conclusion of satisfactory due diligence, the transaction is expected to close on or about August 18, 2008.

Polaris Minerals Corporation is exclusively focused on the development of quarries and the production of construction aggregates on Vancouver Island, British Columbia, for marine transport to urban markets on the west coast 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.

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