The Company has found it extremely difficult to raise money with the current trading price of the Company's shares.

Vigencias (annual fees paid to the Peruvian government) to keep the Peruvian properties in good standing are due at the end of June, 2014. At present, the Company is not in a position to meet this obligation.

Fees to complete the Company's annual audit for the period June 1, 2013 to May 31, 2014 are due to be paid. At present, the Company is not in a position to meet this obligation.

The Company is open to any serious offers to acquire any properties in its portfolio. All technical information regarding the Company's properties is in the public domain. Interested purchasers may send purchase proposals to the Company's CFO, Kulwant Sandher at ksandher@steliasmines.com

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:

ST. ELIAS MINES LTD.

(signed "Lori McClenahan")

Lori McClenahan,

President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2014 TheNewswire - All rights reserved.