****** are you stupid or what?

Jul 03, 2014 St. Elias Mines Ltd. 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.

THE PROPERTIES HAVE LAPSED!!! Can it be any clearer??

Jul 07, 2014 St. Elias Mines Ltd. 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.