A cut & paste from an old NR (April 27, 2009).

Still one of my Top 10 NR's !

The Big Picture

The unique nature of the Tesoro Property allows St. Elias to explore and develop the Property at

relatively low exploration costs. Based on results to date, the Company is in a position to

continue with this exploration method indefinitely (exploring while concurrently proving up

reserves), however, the Tesoro Property has never been evaluated to depth or to its full strike

potential. This leaves a large potential for the discovery of additional mineralization. Gold has

been extracted from this area for not only years, decades and centuries, but millenia. The source

of the gold has never been located.

The Company plans to conduct a detailed geophysical survey to identify drill targets and

commence a follow up drilling program.