While Sculpin was sitting around doing nothing, he spun of this rebutle to the last NR. (Where does he find the time.) He has given permission to repost, so enjoy.

Well done Sir. Sculpin writes:

I see a press release out by the company with many attempts at discrediting the dissident group and trying to elevate current managements competence. I would like to comment on many aspects of this release and show our side of the story.

current management says;

1) Four of the five do not have mineral exploration, corporate finance or public markets experience.

I say;

1) Its become very apparent that current management lacks considerably in these fields. Should I suggest that our team can be considerably strengthened once the team has been elected? The current SP continues to languish with the CEO selling the bulk of her shares recently, does this sound like a company minded person? I don,t believe any of the current management has ever been to the property, does this sound professional? If the current management has such mineral exploration expertise, why did they drill ~40 holes and continue hole after deep hole, when the results released show little, spending millions of investors money, is this called experience? Is the sampling of small sections of drill core when there are numerous alterations of vein stock work, shear zones, silicious zones, mineralized andesite dykes, pegmatites, mineralized granodiorite , fault gouge, signs of copper, evidence of veins getting much wider at depth, etc,etc,etc? Is it experience that sums up and does not adequately display the trenching results? Is it corporate finance performing when travel expenses exceed exploration expenses? Is it corporate finance when a PP is proposed by current management that would almost double the shares currently out and dilute existing shareholders to humility? Is it public market experience for a CEO to sell a large portion of their shares while investors are trying their hardest to support their investment? Is it public market experience when all the nominess that management has put forth have a total amount of shares that equal around 0.5 % of the current shares outstanding, with some of those nominees not owning a single share? Isn,t it public market experience to help support an sp, especially when there are so many loyal shareholders?

2) The dissidents want Mr. Rainbird on the St. Elias Board despite his admitted past misconduct.

2) Mr Rainbird is a very experienced individual in many aspects of a public traded company. Sometimes the cost of fighting something, because of todays legal and regulatory system, becomes overwhelming and very time consuming. If you are presented with an offer to settle a matter by accepting a small contribution towards costs so that you can move forward, you make the intelligent business decision to avoid paying larger legal fees by continuing the fight. If accusations had any proven merit, the matter would not be settled without punative damages. . You may be able to compare this with Lloyd Brewers reprimand, the CEO,s husband, where Lloyd may have been innocent , but opted to take a settlement to get it over with. Lloyd was also a director of SLI recently, however he was allowed to be that with the reprimand in place? This would lead me back to the public market experience mentioned above, if there was no trouble with Lloyd being a director then, why the fuss about Mr Rainbird? I must also point out that Mr Rainbird gave full disclosure of his past and it is pathetic to see current management or whoever wrote the PR, twisting this to portray a misleading appearance to suit their benefit. What kind of a person/s does this? A very desperate person/s perhaps?

Also, I would like to point out a recent out of court settlement with Lombardo that cost shareholders $225,000. Also, there may be some other little legal actions taken as seen in the financials over time, and my question would be why? If everything is on the up and up with anybody or any corporation, is there really any room for legal action to be taken against an individual or entity? And if legal action is taken against a corporation, the accountability sometimes funnels down to those that are accountable, where civil suits come into play.

3)

"Shareholders should be concerned," said Lori McClenahan , President and CEO of St. Elias Mines. "The details of Mr. Rainbird's infraction suggest that he is not capable of identifying and managing risk and may not act in the best interests of St. Elias shareholders. Even worse is the failure by the dissidents to disclose these details. This must be corrected immediately. What else are the dissidents hiding? And what does this say about the dissidents' likely conduct if they were on the St. Elias board?"

3) The above is absurd! The shareholders present problem and the reason for this proxy battle is because of the very things Lori is saying that Mr Rainbird is not capable of. Can someone please tell me how current management has identified and managed risk in regards to maybe losing the very valuable Carmi project? How has management been working in the best interests of shareholders by optioning high potential properties to IGD which has done little to no work on them since being optioned?There are countless more items that I will not mention here in where current management does not seem to be acting in the shareholders best interests, but it would most likely make this post pages long.

Furthermore, all the details were disclosed about Mr Rainbird in the dissident proxy, and its an admiral thing of full disclosure. If there was any wrong doing, he would not even consider running, nor would he be part of the group, so this is B.S. by SLI. Somebody seems pretty worried and desperate to even surmise a future conduct, thats like charging a person for jaywalking when they are sitting in a chair on the sidewalk, c,mon Lori.

4)

Continued Ms. McClenahan, "The dissidents have not provided any details of how they intend to advance St. Elias' portfolio of high potential properties, nor do they have proposed a management team to operate St. Elias or the ability to raise capital. The combination of inadequate disclosure, lack of plans and inexperience means that the dissidents do not deserve shareholders' support."
PR Newswire (http://s.tt/1wTuw)

4) Current management has in the past boasted about the huge potential of the Tesoro through a Forbes interview http://www.youtube.com/watch?v=em44IC18CwM and a mining stock report http://www.miningstockreport.com/151/min...nitiates/, did this plan turn out? Are you jealous current SLI management, that the dissidents have huge shareholder support and they do deserve it? Why else would you cry that the dissidents don,t deserve this? For you to be so naive as such to make these statements, cause me to question your ability to even run the company at this time.

5)

The dissidents have not provided any plans for St. Elias and don't say who will lead the Company. Meanwhile, the dissidents have leveled unfair criticisms at the Company's nominees and management. Members of this team have assembled St. Elias' impressive portfolio of mineral properties and have acted prudently to explore and finance them.
PR Newswire (http://s.tt/1wTuw)

5) I agree, there are many impressive properties, but totally disagree that management has acted prudently to explore and finance them. While most of our other properties are just sitting there with little to no work being done on them and a Havillah spinout that has been going on for 15 months, I would not call that prudent. And also, there were existing SLI shareholders that wanted in on the announced PP for IGD months ago that would have helped IGD advance the SLI properties it had optioned from SLI. These shareholders were told the PP was filled and we come to see later that only a small portion of it was filled leaving IGD with a small treasury and maybe forcing IGD to renegotiate the SLI option agreements which is not in the shareholders best interests, when its apparent that IGD may be having trouble raising funds. I am also questioning the advancement of the Chance F property at this time where it may be that no work has been done on it either by 88 Capital Corp under the present option agreement.

6)

In the mineral exploration business there is always a risk that drilling results will disappoint. The key is to know when to adjust strategies as new facts emerge. This is precisely what the Board and management of St. Elias has done, specifically with regard to the Company's flagship Tesoro gold project in Peru.
PR Newswire (http://s.tt/1wTuw)

6) Again, a ludicrous statement when you consider the fact that we had numerous veins and mineralization around the C-1 complex and no drilling took place around the northern known resource to prove up ounces. Also I would like to mention here, why wasn,t Quantec consulted during drilling? There was no adjusting strategies, the company continued to drill hole after hole, proving up no mentionable resource and not consulting Quantec to see why.

7)

Nowhere do the dissidents say how they would advance the Company's high potential exploration properties. In fact, nowhere in their materials do they even mention that St. Elias is a mineral exploration company. They also deliberately distance themselves from the operations of the Company, saying that all of the dissident nominees will be independent and none expect to be employed by the Company.
PR Newswire (http://s.tt/1wTuw)

7) This would be considered a good thing, an independent board with professionals running the mineral exploration, the dissidents surely know what shareholders want by stating this, and know how a company should be run with the shareholders best interests in mind.

8)

Management disclosed accurate and full drilling results in compliance with the National Instrument 43-101 rules that govern mineral exploration disclosure. The results were disappointing but accurate.
PR Newswire (http://s.tt/1wTuw)

8) If the results were disappointing, why was 40 some holes, some very deep, drilled? And why were there several holes from the same collar area if nothing to little was being found? And how can there be such small intercepts reported in the drill results when historic data suggests that there are multiple mineralized gradients on the property with considerable widths up to 50m? I could write a book on why the above statement doesn,t seem to correlate with the property.

9)

If the deep drilling at Tesoro had really discovered a giant gold deposit, it would have been in management's best interest to disclose it. Disclosing positive results would have enhanced the value of St. Elias and opened up potential new opportunities to advance the Company and its properties.
PR Newswire (http://s.tt/1wTuw)

9) There is a strong indication of copper showing up in historic data plus corresponding geophysics suggesting copper porphyries, and with no copper showing up in the drill results, this doesn,t seem to fit. The gold grade all over that property is high grade, to not see this in drill results with considerable widths, is odd. http://agoracom.com/ir/steliasmines/foru...50#message

http://agoracom.com/ir/steliasmines/foru...41#message

10)

Management stopped its deep drilling program at Tesoro because it was the responsible thing to do when early results did not live up to expectations.
PR Newswire (http://s.tt/1wTuw)

10) If early results didn,t live up to expectations, why drill 12,000m?

11)

The 3D geophysical images that showed anomalies at Tesoro were tools to inform mineral exploration. However, one cannot really know what is in the ground before drilling commences.
PR Newswire (http://s.tt/1wTuw)

11) There were 2 adits on the property with one going 100 m deep. The grades coming from this area were averaging over 1 ounce per ton gold. A geophysics line went right across that adit. Also mentioned by management, in this area 1 ounce per ton gold was averaged out of development material, which is at least 4 times above a current economical mining grade. I should add here that local geology and supporting evidence from other mines in the area are consistent with the gold grades found on the Tesoro.

12)

Exploration is a capital-intensive business. Management needs to take a long-term view and ensure that there is a steady pipeline of funding to advance future phases of exploration. This requires outreach to a wide net of potential investors, which calls for travel and marketing efforts.
PR Newswire (http://s.tt/1wTuw)

12) We would watch the sp while this travel was going on, and would see little to no buying in the stock. Twice we saw gypsy swaps, where the buywer of the CEO,s shares were not bought on the open market supporting an sp. It seems that all the travelling was going on and little work was being done on the properties. Also, I question why the travelling expense was so high and how many company individuals went on these trips?

http://www.prnewswire.com/news-releases/...42051.html

There are so many other things in the release I could counter and I was gonna give up countering around statement #5 when I saw how ridiculous and degrading to current management this release was, but continued on. I feel sorry for Lori for not realizing the strength she had in her loyal shareholders and how it must have been emotional for her to write this PR. She has so much at risk here and seems to continue to try to blame someone else for what is happening, that is sad. She is accusing the dissidents of doing the very things in the future of what she may have done, what kind of a press release is that?

Please vote the GREEN proxy, the dissident group!

thank you

All in my opinion of course
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