Starfire Minerals Inc. announces up to $1,000,000 financing

LANGLEY, BC, Dec. 1, 2009 (Canada NewsWire via COMTEX News Network) --

TSX-V: SFR

Starfire Minerals Inc. (TSXV: SFR) (the "Company") is pleased to announce a non-brokered private placement of up to $1,000,000 through the sale of up to 8,333,334 flow-through shares (the "FT Shares") at a price of $0.06 per FT Share and up to 10,000,000 units (the "Units") at a price of $0.05 per Unit.

Each Unit will consist of one common share and one two year warrant, with each warrant being exercisable into one additional common share at a price of $0.10 per share, subject to forced acceleration in the event the Company's shares close at a price of $0.15 or higher per share for 20 consecutive trading days.

A finder's fee of a combination of cash, shares and/or warrants will be paid to eligible finders in relation to this financing, all in accordance with regulatory policies.

A substantial portion of this private placement has been subscribed for by the directors/officers, as well as current shareholders of the Company.

The flow-through proceeds received will be used for work on the Company's exploration properties.

The above financing is subject to regulatory approval.

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    ON BEHALF OF THE BOARD OF DIRECTORS OF
    STARFIRE MINERALS INC.


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    Dan Mosher
    President/CEO