Vancouver, February 9, 2013: St. Elias Mines (SLI-TSX-V) (the "Company") advises that it has been made aware of a news release disseminated yesterday, February 7th, by Gilby Len Hastman and Darcy Kim Hastman (the "Dissidents"), which refers to a Petition filed in BC Supreme Court in connection with the Annual General and Special Meeting of shareholders of the Company held last year.
The Company has not yet been served with the petition and is not in a position to comment on its claims. The Company will review the Dissidents' materials, upon service, and will respond at a later date.
The Company will continue to take all steps it deems necessary to advance the Company and its properties in the best interests of all shareholders.
About St. Elias
St. Elias is a gold-focused exploration company led by an experienced management team and active in Peru and British Columbia. St Elias' properties have high potential and are located in two of the most prolific mining regions of the world. For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call Danny Aaron at 1-888-895-5522 (toll free US and Canada).
ST. ELIAS MINES LTD.
(signed "Lori McClenahan")
Lori McClenahan, President, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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