St. Elias Mines Ltd. Completes Independent 43-101 Technical Report on the Tesoro Gold Project, Peru

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Summary

" With the completion of the 2009-2010 Quantec Titan 24 geophysical surveys and subsequent interpretation of these data, several high priority anomalies have been identified which require follow-up by detailed systematic mineral exploration methods including trenching and diamond drilling.Qualified Person All technical work is being supervised by, and the contents of this news release have been verified by, Paul D. Gray, P.Geo., who is a “qualified person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call 1-888-895-5522 (toll free US and Canada) or contact: European Investor Relations U.S. Investor Relations Nicholas Fuller Herbert Haft Nick Fuller & Associates The Haft Group, Inc. Tel: 011-44-207-256-5204 Tel: (212) 759-8865 Email: nick@fullerir.com Email: herbhaft@haftgroupinc.com herbhaft@aol.com St. Elias Mines Ltd. Lori McClenahan, President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document."With the completion of the 2009-2010 Quantec Titan 24 geophysical surveys and subsequent interpretation of these data, several high priority anomalies have been identified which require follow-up by detailed systematic mineral exploration methods including trenching and diamond drilling.This leaves a large potential for the discovery of additional mineralization.Qualified PersonAll technical work is being supervised by, and the contents of this news release have been verified by, Paul D. Gray, P.Geo., who is a “qualified person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call 1-888-895-5522 (toll free US and Canada) or contact:European Investor Relations U.S. Investor RelationsNicholas Fuller Herbert HaftNick Fuller & Associates The Haft Group, Inc.Tel: 011-44-207-256-5204 Tel: (212) 759-8865Email: nick@fullerir.com Email: herbhaft@haftgroupinc.comherbhaft@aol.comSt.

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