Stellar Pacific Ventures Inc.

Stellar Pacific Ventures Inc.

December 30, 2010 15:26 ET

Stellar Pacific Ventures Inc. Completes the Third Tranche of a Flow-Through Units Offering

MONTREAL, QUEBEC--(Marketwire - Dec. 30, 2010) - Stellar Pacific Ventures Inc. (TSX VENTURE:SPX) ("Stellar") is pleased to announce the completion of the third tranche of a brokered private placement previously announced of B Units. A total of 265 B Units at a purchase price of $980 per B Unit have been issued for total gross proceeds of $259,700 (the "Third Tranche").

The B Units consists of nine thousand (9,000) flow-through common shares at a price of $0.10 per share, one thousand (1,000) common shares at a price of $0.08 per share and five thousand (5,000) common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share in the capital of Stellar during a period of 24 months ending on December 8, 2012, at a purchase price of $0.18 per share.

All securities issued in the course of the Third Tranche will be subject to a hold period of four months and one day.

As consideration for the services rendered by Jones, Gable & Company Limited ("Jones, Gable") in connection with the Third Tranche, Stellar has paid to Jones, Gable a cash commission of $9,388 and issued 19 agent's options (each an "Agent's Option"). Each Agent's Option entitling its holder thereof to purchase one agent's unit of Stellar (each an "Agent's Unit") at the price of $800 per Agent's Unit for a period of 24 months ending on December 8, 2012. Each Agent's Unit consists of 10,000 common share (each an "Agent's Unit Share") and 5,000 non-transferable common share purchase warrants of Stellar (each an "Agent's Unit Warrant"). Each Agent's Unit Warrant entitle its holder thereof to acquire one additional common share (an "Agent's Unit Warrant Share") at a price of $0.15 per share during a period of 24 months ending on December 8, 2012.

Proceeds of the B Units will be used to incur general exploration expenses in Quebec. Said expenses will constitute Canadian exploration expenses and flow-through mining expenditures (as defined in the Income Tax Act (Canada)), which can be renounced to purchasers for the 2010 taxation year.

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

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, receipt of property titles, 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 statements.

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