Agoracom: Small Cap Investment - St. Elias Mines

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Re: SLI and LORI NR

in response to

Re: SLI and LORI NR

molson200

posted on Feb 16, 2013 02:54PM

And yet another one!! Does anyone know the results of these litigations?

Suite 314 – 800 West Pender Street

Vancouver, British Columbia

Canada V6C 2V6

Telephone: (604) 669-4677

Facsimile: (604) 669-9626

Toll Free: (888) 895-5522

Trading Symbol:

SLI

(TSX Venture Exchange)

EKL

(Frankfurt Exchange)

SELSF

(U.S. Clearing Symbol)
News Release 2010-37

September 20, 2010

NEWS RELEASE

St. Elias Mines Ltd. to Sue for Defamation

Vancouver, B.C. September 20, 2010

St. Elias Mines Ltd. (SLI - TSX:V) ("St. Elias" or the
"Company") announces that the Company, its President, Lori McClenahan, and management of St. Elias

are suing certain anonymous online bulletin board posters for defamation. The anonymous posters

placed a series of defamatory comments on a Stockhouse bullboard against the Company, its President

and management and, as of today, are continuing to post false and defamatory comments. Further details

regarding the defamation lawsuits will follow once filings are made with the Supreme Court of British

Columbia.

"The Company has grounds to file defamation lawsuits with the courts against the posters to seek general

and aggravated damages as well as punitive damages. There is a need to deter irresponsible, selfinterested,

malicious postings and the courts have, in the past looked down upon libelous material found

in online postings" stated President, Lori McClenahan. "Statements transmitted and published over

Stockhouse's website about particular companies are accessible by millions of individuals, shareholders

and potential investors, and the extent of the damage could be considerable", the President continued.

Prior Lawsuits Against Internet Posters

Stockhouse posters have faced legal action over forum postings many times in the past. One well-known

case is the lawsuit where Barrick Gold Corp. was awarded $125,000 by the Ontario Superior Court of

Justice after the company was libelled on internet chat lines.

In a more recent case, a handful of inflammatory online postings about Farallon Mining Ltd. ("Farallon")

have led to the biggest internet defamation award ever handed out in Canada. The Supreme Court of

British Columbia awarded $425,000 in damages for defamatory comments made by an a online poster.

On March 30, 2010, an online poster had to pay a total of $425,000 in damages for comments he made at

Stockhouse's website. The targets of the posters online ire were Farallon, Farallon's Chairman and

Farallon's management company. Madam Justice C.A. Wedge awarded Farallon and Farallon's

management company $75,000 each in general damages and $25,000 each in punitive damages.

Farallon's Chairman was awarded $125,000 in general damages, $75,000 in aggravated damages and

$25,000 in punitive damages. In addition to being the biggest internet defamation award in Canadian

history, it is the largest defamation award rendered against a single person in Canada.

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Re: SLI and LORI NR

eyetell

Feb 16, 2013 09:30PM

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