St. Elias Mines Ltd. Retains European Investor Relations Consultant

Lori McClenahan, President of St. Elias Mines Ltd. (the "Company"), is pleased to announce that it has, subject to regulatory approval, engaged Nick Fuller & Associates ("NFA") as its European Investor Relations Consultant to increase international awareness and facilitate company exposure in the European financial markets.

With over 20 years' experience in the European financial markets, NFA, based in London, England, has established a strategic network of institutions, retail brokerage firms and private investors in Europe. NFA will assist the Company in initiating contact and communicating with institutional investors, analysts and other financial professionals in Europe. NFA will be the conduit of information to the European investment community, keeping St Elias' target audience informed of news and significant corporate developments. Activities will include the building and management of an investor database, increased information distributions, investor liaison and organizing St. Elias road shows in April, 2010 with presentations to prominent brokerage houses and financial institutions in London, Zurich, Paris, Geneva., Frankfurt, Brussels and Amsterdam.

Under the terms of the agreement, the Company will pay a monthly fee of C$5,000 to NFA and will reimburse NFA for its reasonable out-of-pocket expenses (subject to prior Company approval.) The Company has also granted incentive stock options to NFA to purchase 300,000 shares in the capital of the Company for a period of two years at a price of C$0.75. The agreement is subject to acceptance for filing by the TSX Venture Exchange.

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 Nick Fuller or Andy Keen at Nick Fuller & Associates, tel: 011-