ANTARES COMPLETES FINAL CLOSING OF $30 MILLION EQUITY OFFERING

Waterdown, Ontario (TSX Venture: ANM), November 26, 2007 - Antares Minerals Inc. ("Antares") announced today that is has completed the final closing of the private placement equity offering announced October 30, 2007, by issuing a total of 3,260,900 units ("Units") of Antares to affiliated funds and a managed entity of Farallon Capital Management�, L.L.C., at a price of $4.60 per Unit for gross proceeds of approximately $15 million.  Each Unit consisted of one common share and one-half of one common share purchase warrant of Antares, each whole warrant entitling the holder to acquire one common share at an exercise price of $6.00 per share until May 21, 2009.  The total equity offering resulted in the issuance by Antares of 6,521,800 Units at a price of $4.60 per Unit for total gross proceeds of $30 million.

Antares intends to use the net proceeds of the equity offering to fund further development of its Haquira and Rio Grand e properties and for general working capital purposes.
 
All of the common shares and warrants issued by Antares pursuant to the private placement are subject to a four month hold period under Canadian securities laws.

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. Antares most advanced project is the Haquira copper project in south-central Peru, immediately adjacent to the Las Bambas Project of Xstrata Copper. A drill program to delineate recently discovered high-grade primary porphyry copper-molybdenum-gold mineralization beneath the secondary copper blanket at the Haquira East zone is currently underway. Antares has an option to acquire a 100% interest in the Haquira project from Minera Phelps Dodge del Peru S.A.C. Antares is also exploring the Rio Grande copper-gold porphyry project in NW Argentina pursuant to an option/joint venture agreement with Mansfield Minerals Inc.

For further information, please visit the company's website at www.antaresminerals.com or contact:

John Black      
President and Chief Executive Officer  
Tel: (720) 514-9036      
Cell: (303) 618-7797
john.black@antaresminerals.com

Mark Wayne
Chief Financial Officer
Tel: (403) 705-4968 

Broadgate Consultants, LLC
Alan Oshiki: aoshiki@broadgate.com
Tel: (212) 232-2354

Renmark Financial Communications Inc.
John Boidman: jboidman@renmarkfinancial.com
Jason Roy: jroy@renmarkfinancial.com
Media - Eva Jura: ejura@renmarkfinancial.com
Tel.: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com

Certain statements in this news release, including management's assessment of Antares' plans and projects, constitute 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 such forward-looking statements.  Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Antares does not undertake any obligation to update publicly or to revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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ADEQUACY OR ACCURACY OF THIS RELEASE.