To Whom it May Concern

I have recently been made aware, that of all the brokers in the market, that your group are one of the few or only ones putting up road blocks in regards to the shareholders or St. Elias Mines Ltd.

being able to get their control numbers in order to vote their shares Green for change in the upcoming AGM proxy battle.

As you have already been made aware, time is of the essence, as it is felt that many of the green proxy forms will not arrive in time for shareholders to vote at the AGM.

This is understood by many brokerages, and they have been going out of their way to help the shareholders get access to their Green proxy control numbers. Which I can say has been greatly appreciated by the shareholders.

Your group on the other hand have decided to throw into question whether the shareholders will even be able to cast their votes in time. This has been an ongoing battle for a year now culminating in this vote.

Friendly Word of advice:

The shareholders of SLI are many and very passionate about this vote and their investment.

I would suspect that if shareholders are treated in this manner and it possibly jeopardizes their ability to vote their Green proxy, your group will in all likelihood have to deal with a mass exodus of investors from your group as they may shift their investments to other more user friendly brokerages going forward and it may not be limited to just investment accounts.

For the sake of a few days of added work, I would think it would be to your groups benefit to help SLI shareholders during this very limited time frame.

The cut off for voting is Thurs. Dec. 20, 2012

To not help shareholders would be a VERY poor reflection on your Company.