Starfire Minerals Inc. announces closing of $810,000 financing substantially with the MineralFields Group

Starfire Minerals Inc. announce that further to its news release of September 5, 2008, the Company has closed the first tranche of its non-brokered private placement and has issued a total of 8,100,000 flow through units (the “FT Units”) at $0.10 per FT Unit. $750,000 of this financing was purchased by the MineralFields Group.

Each FT Unit consists of one flow-through common share and one-half of one two year non-flow-through warrant, with each whole warrant being exercisable at a price of $0.20 per share in the first year and $0.30 per share in the second year, subject to forced acceleration in the event the Company’s shares close at a price of $0.35 per share in the first year and $0.45 per share in the second year for 20 consecutive trading days.

In connection with this closing, the Company paid a finder’s fee of: (i) $22,500 cash; (ii) 150,000 non-flow-through shares; and (iii) 750,000 warrants. Each warrant is exercisable into one non-flow-through common share at a price of $0.20 per share in the first year and $0.30 per share in the second year, subject to forced acceleration in the event the Company’s shares close at a price of $0.35 per share in the first year and $0.45 per share in the second year for 20 consecutive trading days.

All securities issued pursuant to this private placement are subject to a Canadian hold period expiring January 26, 2009.

Starfire Minerals Inc. is a professionally managed exploration company based in Vancouver British Columbia. The Company is listed on the TSX Venture Exchange (TSXV: SFR) and the Frankfurt Exchange (WKN 784574). The Company’s focus is the exploration of prospects for uranium, nickel and gold/base metals in Quebec, Ontario and British Columbia. The Company has optioned or ownership in 13 properties: seven uranium properties in Quebec and Ontario, five nickel properties in Ontario and one precious metal property in British Columbia.