Antares Minerals Inc. ("Antares" or the "Company") (TSX VENTURE:ANM) is pleased
to announce that a joint venture agreement has been signed with its partner,
Pachamama Minerals Ltd. ("Pachamama"), on the 50/50 owned Rio Grande property
located in northwestern Argentina. The joint venture agreement between the
Company, Pachamama, and their respective Argentinean subsidiaries is in the form
of a UTE (Union Transitoria de Empresas) that will be registered under the laws
of Argentina. The UTE agreement defines the terms which will govern the
development of the Rio Grande Cu-Au deposit going forward. Under the agreement,
Antares will remain the project operator.


To date, the parties have drilled 33,000+ metres in 78 diamond drill holes at
Rio Grande. The Company looks forward to announcing exploration plans with
Pachamama on this very prospective project in the New Year.


About Antares

Antares is focused on the acquisition and exploration of precious and base-metal
exploration properties in Latin America that can be quickly and cost-effectively
advanced to the discovery and production stage. In addition to the Rio Grande
copper-gold project in Argentina, Antares is advancing the Haquira copper
project in south-central Peru, immediately adjacent to the Las Bambas copper
project of Xstrata Copper.


For further information: please visit our website at www.antaresminerals.com.

Certain disclosure in this release, including management's assessment of
Antares' plans and projects, constitutes forward-looking statements that are
subject to numerous risks, uncertainties and other factors relating to Antares'
operation as a mineral exploration company that may cause future results to
differ materially from those expressed or implied. Readers are cautioned not to
place undue reliance on forward-looking statements.


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