What do you mean "You saw that before"? You'd have to be living under a rock not to have seen it.

So now you want me to fill you in? Well here you go:

June 3, 2014 - 12:09 PM EDT

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.

July 3, 2014 - 1:07 PM EDT

St. Elias Mines Ltd. (SLI-TSX-V) announces that the Company was not in a position to pay the vigencias (annual fees due to the Peruvian government) required to keep its Peruvian properties in good standing and, as a result, the claims comprising the Tesoro and Vilcoro properties have lapsed.

July 7, 2014 - 10:19 AM EDT

St. Elias Mines Ltd. (SLI-TSX-V) wishes to correct the News Release, dated July 3, 2014, which stated that all Peruvian properties have been allowed to lapse. Actually, vigencias (annual fees) and penalties have been paid to preserve VILCORO 1 & 2 (600 hectares), CHANCE 1 (1000 hectares), and CHANCE G (100 hectares), which cover the main gold showings on the Company's properties in Peru. All other claims that constitute the previous VILCORO and TESORO projects have been allowed to lapse.