ANM Antares Minerals

Antares Minerals Inc. ("Antares") (TSX VENTURE:ANM) is pleased to announce the
results of the remaining 34 in-fill diamond drill holes (11,060 m) completed
through the end of 2009 at the Haquira West near-surface leachable copper
deposit of the Haquira copper-molybdenum-gold project. These results have been
incorporated into an updated 43-101 resource estimate that will be released
prior to the February 27th commencement of the BMO 2010 Global Metals and Mining
Conference (Hollywood, Florida) where Antares executives will be making
one-on-one presentations to global financial institutions, international mining
companies, and natural resources fund managers. Highlights from the holes
reported in this release are as follows:


- Secondary copper mineralization amenable to SX-EW heap leaching: Results
reported complete an in-fill drilling pattern (approximately 150-m spacing) for
the western portion of Haquira West deposit. In-fill drilling was previously
completed to 100-m spacing for the thicker and higher grade zone along the
northern margin of the deposit (see figure 1).


-- Average thickness of 27 m with 0.68% Cu

-- Drill-hole intercepts compare favorably with previous drilling with notable
increase in grade that is partially offset by decrease in average thickness


-- Significant intervals of leachable secondary copper present in 26 of 34
holes, including:




--- AHAD-123: 20.60 m with 1.06% total Cu
--- AHAD-128: 21.20 m with 0.79% total Cu
--- AHAD-134: 71.90 m with 0.78% total Cu
          And 39.25 m with 0.89% total Cu
--- AHAD-135: 40.15 m with 0.74% total Cu
--- AHAD-141: 44.80 m with 0.56% total Cu
--- AHAD-144: 49.70 m with 0.63% total Cu
--- AHAD-146: 14.45 m with 3.74% total Cu
--- AHAD-147: 19.95 m with 1.00% total Cu
--- AHAD-152: 21.85 m with 0.82% total Cu
--- AHAD-167: 30.85 m with 0.55% total Cu



- Most holes bottomed in primary sulphide-bearing rock and seven holes were
extended to depths of approximately 600-800 m to test for underlying primary
copper sulphide mineralization analogous to that found at the nearby Haquira
East deposit. Significant intercepts of primary mineralization include:




-- AHAD-128: 47.00 m with 0.57% Cu and 0.010% Mo (0.63% Cu EQ)
-- AHAD-142: 21.30 m with 0.79% Cu, 0.042% Mo and 0.054 g/t Au
   (1.10% Cu EQ)
-- AHAD-144: 49.70 m with 0.63% Cu and 0.009% Mo (0.063% Cu EQ)
-- AHAD-149: 27.10 m with 1.93% Cu, 0.015% Mo and 0.089 g/t Au
   (2.08% Cu EQ)
-- AHAD-167: 115.50 m with 0.59% Cu, 0.016% Mo and 0.040 g/t Au
   (0.72% Cu EQ)
    Including 68.45 m with 0.81% Cu, 0.015% Mo and 0.060 g/t Au
   (0.94% Cu EQ)
-- AHAD-171: 25.90 m with 0.69% Cu, 0.017% Mo and 0.032 g/t Au
   (0.82% Cu EQ) 
        and 77.85 m with 0.44% Cu and 0.020% Mo (0.57% Cu EQ)
-- Results clearly indicate a vector to improving primary copper grades in
   the northwest quadrant of the Haquira West zone which remains relatively
   untested at depth.



John Black, President and CEO of Antares Minerals Inc. commented as follows:

"The additional in-fill drilling completed at Haquira West has returned similar
thicknesses of secondary copper mineralization, but at higher grades than
predicted from previous drilling and resource estimates. As such, we anticipate
that the upcoming 43-101 resource estimate for the western portion of the
Haquira West deposit will maintain similar tonnage but with slightly higher
copper grades than previously estimated. This anticipated increase in grade is a
function of the higher proportion of diamond drill holes we now have in the area
which more accurately sample the mineralization than the previously drilled
reverse circulation holes.


The limited drilling to explore for underlying primary copper sulphide
mineralization at Haquira West has not yet achieved the success we have had at
the nearby Haquira East deposit. Nonetheless, we have encountered ore-grade
intercepts and now see a clear vector emerging suggesting that additional
drilling should be completed to depth in the northwest quadrant of the area. We
are looking forward to drilling this prospective area in the near future."


Please see figure 1 below for the location of the drill holes reported in this
release. A complete tabulation of all significant results from the 34 drill
holes is available on the Antares website at www.antaresminerals.com as well as
drill-hole location maps, cross sections, and additional information about the
Haquira Copper project.


Discussion of Results

The locations of the 34 diamond drill holes (11,060 m) reported in this release
are indicated below in Figure 1. All of these drill holes were completed within
the footprint of the previously outlined Haquira West leachable secondary copper
deposit, with the majority of the holes completed in the western portion of the
deposit to close the drill pattern to an approximate spacing of 150 m. In-fill
drilling was previously completed to a 100-m spacing for the thicker and higher
grade zone along the northern margin of the deposit. Leachable secondary copper
mineralization at the Haquira West deposit is hosted predominantly in quartzite
and lesser amounts of siltstone cut by multiple generations of monzonite
porphyry dikes. The copper zone occurs as a 2-km diameter, sub-horizontal zone
of copper oxides and secondary copper sulphides (predominantly chalcocite). The
thickness of the zone is variable from a few meters to greater than 100 m. The
mineralization is overlain by 0-100 m of oxidized leached capping which is
devoid of mineralization.


Most drill holes cross the secondary zone and terminate in underlying
un-oxidized rock which locally hosts ore-grade primary copper mineralization
associated with favorable siltstone and porphyry dike host rocks. Seven of the
holes reported in this release were extended to depths of approximately 600-800
m to test for underlying primary copper mineralization analogous to that found
at the nearby Haquira East deposit. These deeper holes tested the southern and
central portions of the Haquira West area. The best results encountered in these
holes occur in the three holes located farthest to the northwest and include the
following intervals: AHAD-128 - 47.00 m with 0.57% Cu and 0.010% Mo (0.63% Cu
EQ), AHAD-167 - 115.50 m with 0.59% Cu, 0.016% Mo and 0.040 g/t Au (0.72% Cu
EQ), and HAD-171 - 25.90 m with 0.69% Cu, 0.017% Mo and 0.032 g/t Au (0.82% Cu
EQ) and 77.85 m with 0.44% Cu and 0.020% Mo (0.57% Cu EQ). A clear vector has
emerged pointing to the northwest quadrant of the Haquira West area, which
remains relatively untested to depth. Several of the shallow infill holes in
this area have encountered, and even terminated in primary copper mineralization
(see intervals reported in this release for AHAD-142, AHAD-144, and AHAD-149 as
well as previously reported drill holes from this area). This northwest quadrant
will host some primary copper mineralization immediately beneath the leachable
secondary copper zone and remains highly prospective for discovering additional
primary copper mineralization at depth.


Figure 1. Drill Hole Location Map for Haquira East Area in link below:

http://cnrp.marketwire.com/cnrp_files/20100225-Figure1.pdf

About the Haquira Copper Project, Peru

The Haquira project is located in southern Peru and offers excellent potential
for an initial low-strip, low-cost SX-EW copper operation with a subsequent
transition to a higher grade primary porphyry copper-molybdenum
mill/concentrator operation. The project is located contiguous to, and
immediately south of, Xstrata Copper's Las Bambas Cu-Au project and consists of
two blocks of property optioned under separate agreements as well as additional
concessions acquired by Antares for a total of 20,635 hectares of area. Antares
has an option agreement with Minera Phelps Dodge del Peru S.A.C. to acquire a
100% interest in the original Haquira project by completing optional payments
totalling US$15 million over a five-year period (see Antares press release dated
March 17, 2005). A total of US$10 million has been paid to date with the
remaining US$5.0 million due on or before March 4, 2010. Antares also has an
option agreement with Minera del Suroeste S.A.C. (MISOSA), a wholly owned
subsidiary of Hochschild Mining PLC, whereby Antares can acquire up to a 60%
interest in the Cristo de los Andes project, located contiguous to, and
immediately south of the Haquira project (see Antares press release dated April
28, 2008).


Antares has announced an updated resource estimate (October 9, 2007) and
Preliminary Economic Assessment (May 14, 2008) for the near-surface, SX-EW
amenable portion of the Haquira project. Mineralization at Haquira occurs within
two deposits (Haquira East and Haquira West) with a combined indicated resource
of 133.7 million tonnes at 0.53% total Cu with an additional inferred resource
of 43.6 million tonnes at 0.44% total Cu (0.3% total Cu cut-off, leachable
secondary copper sulphide and oxide mineralization only). This resource is
projected to support a 50,000 t/d SX/EW heap leach operation that will produce
an average of 109 million lbs of copper cathode for 11 years of mine life. The
capital cost to construct the operation is estimated at US$301 million with a
projected IRR of 26.9% and an NPV of US$224 million utilizing a copper price of
US$2.00/lb and a discount rate of 8%.


Antares has also recently announced the first interim resource estimate for the
underlying primary Cu-Mo-Au mineralization at the Haquira East zone based upon
drill holes up to AHAD-120 (November 24, 2008). The Haquira East primary
mineralization includes an indicated resource of 147.9 million tonnes at 0.57%
Cu and 0.015% Mo, an inferred resource to a depth of 700m of 205.2 million
tonnes at 0.56% Cu and 0.014% Mo and an additional inferred resource below 700 m
depth of 99.4 million tonnes at 0.46% Cu and 0.008% Mo. Mineralization remains
open to depth and several directions laterally. Additional drill holes that have
been released after the completion of the interim resource calculation include
hole AHAD-159 which intersected 937 m of 1.14% Cu, 0.034% Mo and 0.1 g/t Au -
the best hole completed at Haquira to date.


About Antares

Antares is a successful mineral exploration company with highly experienced
technical and management teams. The Company is focused on 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 Haquira Project in Peru, Antares is also currently exploring the Rio Grande
(Cu-Au porphyry) project in Salta Province of NW Argentina in a 50/50
option/joint-venture basis with Pachamama Resources Ltd., a spin-off from
Mansfield Minerals Inc.


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

The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.


(1) CuEQ = Copper Equivalent is calculated for intervals dominated by primary
mineralization using US$1.50/lb Cu, US$500/oz Au, and US$10.00/lb Mo and is not
adjusted for metallurgical recoveries as these remain uncertain. Metallurgical
recoveries and net smelter returns are assumed to be 100%. The formula used is
as follows: CuEQ = Cu% + (Au g/t x 10.72/22.05) + (Mo% x 10.00/1.50). Copper
Equivalent contributions from Au and Mo only occur if the grade of Au exceeds
0.03 g/t and/or the grade of Mo exceeds 0.01% and if the interval is dominated
by primary sulphide mineralization.


All of Antares' exploration programs and pertinent disclosure of a technical or
scientific nature are prepared by, or prepared under the direct supervision of
John Black, Antares' President, who serves as the qualified person (QP) under
the definitions of National Instrument 43-101.


Antares' security, chain of custody and quality control is described on their
website and can be reviewed at:

http://www.antaresminerals.com/BestPractices/SamplingMethodologies/tabid/88/Default.aspx


Mineral resources do not have demonstrated economic viability and future in-fill
drilling and scoping, pre-feasibility and feasibility studies will determine
what percentage of the inferred resource can be placed into the mineable
category. Antares is not aware of any environmental, permitting, legal, title,
taxation, socio-political, marketing or other issue which may materially affect
this estimate of mineral resources.


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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