SOURCE: St. Elias Mines Ltd.

February 16, 2011 15:13 ET

St. Elias Mines Ltd. -- 3D Information for the Titan 24 Geophysical Survey Received From Tesoro Gold Project in Peru

VANCOUVER, BC--(Marketwire - February 16, 2011) - Lori McClenahan, President, St. Elias Mines Ltd. (TSX-V: SLI) ("St. Elias" or the "Company"), is pleased to announce that the Company has received 3D data and images generated from Quantec Geoscience Limited ("Quantec") with respect to the Stage 2 Titan 24 survey conducted at the Tesoro Gold Project (the "Property") in Peru.

Work is continuing by Company consultants, an independent engineering firm and Quantec to interpret all data received from both Phases of the Titan 24 Surveys. This work includes but is not limited to "stitching or splicing" the 3D images into a single image that covers the entire Tesoro Project, and constraining (correlating) the 3D geophysical data to known geological structure, gold mineralization, geology and alteration.

Results will follow shortly.

For further information on the Stage 2 Titan 24 survey please refer to Company news release dated September 16, 2010 (SLI News Release 2010-36) or the current 43-101 report available on SEDAR.COM.

ST. ELIAS MINES LTD.
(signed "Lori McClenahan")
Lori McClenahan,
President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.

This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement.

Contact Information

  • 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:
    European Investor Relations
    Nicholas Fuller
    Nick Fuller & Associates
    Tel: 011-44-207-256-5204
    Email: nick@fullerir.com

    U.S. Investor Relations
    Herbert Haft
    The Haft Group, Inc.
    Tel: (212) 759-8865
    Email: herbhaft@haftgroupinc.com
    herbhaft@aol.com