Antares Minerals Announces Major Drilling Campaign at Haquira Cu-Mo-Au Project, Peru

Antares Minerals Inc. ("Antares") (TSX VENTURE:ANM) is pleased to announce that
a major drilling campaign is underway at its 100%-owned Haquira
copper-molybdenum-gold discovery in southern Peru. Three rigs are currently
drilling with plans to ramp up gradually to a total of six rigs by mid-July. The
program anticipates maintaining six rigs for the remainder of the year. A total
program of approximately 40,000 m is planned for 2010. 


The drilling program will consist of 1) infill drilling at the Haquira West and
Haquira East deposits to convert currently defined inferred resources to
indicated resources so they can be incorporated into a pre-feasibility study, 2)
extension drilling along the margins of both Haquira East and Haquira West to
continue to add and to define resources in these zones, 3) definition drilling
at the Potato Patch zone to determine its full size, 4) definition drilling at
the nearby Cristo de los Andes target to determine its geometry and size
potential, 5) exploration drilling at the Haquira East SW Extension target and
beneath the Haquira West secondary zone to test for new zones of primary
sulphide mineralization, and 6) drilling to collect additional material and data
for metallurgical, geotechnical, hydrological and infrastructure studies.


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

"We are pleased to have multiple drill rigs working again at Haquira and
anticipate continuous activity from here on in. We are very near to completion
of an integrated preliminary economic assessment ("PEA") for the Haquira project
and we will move quickly into a pre-feasibility study. The PEA remains on target
for completion by the end of this month and we look forward to the opportunity
to reveal the full potential of the Haquira discovery very soon." 


"The Haquira project has emerged as one of the largest and most attractive
undeveloped copper deposits owned 100% by a junior exploration company. The PEA
will incorporate both the leachable secondary (SX-EW) and the primary sulphide
(mill/concentration) resources that have been established to date at Haquira. We
are sufficiently far along in the study to be more than confident that
pre-feasibility level activities should be initiated immediately. Although the
drilling program that is now underway is primarily designed to collect data for
completion of a pre-feasibility study, it will also test several promising
exploration targets with the potential to add significant resources at the
Haquira project."


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. Antares has recently announced an updated resource
estimate for the Haquira project (see press release of February 26th, 2010). The
estimate encompasses all the known mineralization at the Haquira East and
Haquira West deposits as well as the immediately surrounding areas (Potato Patch
zone), but does not reflect the mineralization recently discovered at the nearby
Cristo de los Andes prospect. It includes both the near-surface secondary
(leachable) copper mineralization as well as the underlying primary
(mill/concentrate) mineralization. This resource estimate utilizes all drilling
completed to date at the Haquira project (through drill hole AHAD-174).
Highlights from this interim resource estimate at a cut-off of 0.3% total Cu for
primary mineralization and 0.2% total Cu for leachable secondary mineralization
are as follows:




---------------------------------------------------------------------------
        Table 1. Mineral Resource Summary Haquira Project - All Zones - 
                               February 2010                         
---------------------------------------------------------------------------
                              Cu                                     lbs Cu
Resource           Tonnes   Eq(i)  Cu    Mo    Au   Ag    lbs Cu       Eq(i)
Classification  (millions)     %    %     %   g/t  g/t (billions) (billions)
---------------------------------------------------------------------------
Primary Copper Mineral Resources (Mill/Concentrate) - 0.3% Cu cut-off      
---------------------------------------------------------------------------
Measured             68.9   0.78 0.64 0.015 0.045 1.84      0.97       1.18
---------------------------------------------------------------------------
Indicated           285.7   0.75 0.63 0.014 0.044 1.78      3.93       4.74
---------------------------------------------------------------------------
Inferred            333.7   0.62 0.54 0.009 0.032 1.59      3.94       4.59
---------------------------------------------------------------------------
Secondary Copper Mineral Resources (leachable - SX/EW) - 0.2% Cu cut-off   
---------------------------------------------------------------------------
Measured             59.4   0.52 0.52                       0.68       0.68
---------------------------------------------------------------------------
Indicated           155.6   0.44 0.44                       1.52       1.52
---------------------------------------------------------------------------
Inferred             72.2   0.41 0.41                       0.65       0.65
---------------------------------------------------------------------------



Work is currently in progress to complete a preliminary economic analysis (PEA),
or scoping study, of the Haquira project. This PEA will incorporate both the
secondary SX-EW and primary sulphide zones that have been established to date at
Haquira. This fully integrated study of the proposed SX-EW/mill-concentrator
operation will reveal more fully the potential value of the Haquira project.
Completion of the PEA is scheduled for late June, 2010.


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 acquired or
optioned under separate agreements as well as additional concessions acquired by
Antares for a total of 20,635 hectares of area. Antares has fulfilled the terms
of an option agreement and acquired 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). 


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). 


Additional information about the Haquira project is available on our website at
www.antaresminerals.com.


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.

(i) CuEQ equals Copper Equivalent is calculated for intervals dominated by
primary mineralization using US$1.50/lb Cu, US$500/oz Au, US$10/oz Ag 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 equals Cu% + (Au g/t x 0.4862) + (Mo%
x 10.00/1.50) + (Ag g/t x 0.0077). Copper Equivalent contributions are only
applied to 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 under the section on best practices - sampling methodologies.


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.