Stellar Pacific Ventures Inc.

Stellar Pacific Ventures Inc.

September 21, 2010 10:00 ET

Stellar Pacific Ventures Inc Cuts 9.71 g/t Gold Over 5.2 Meters on Monster Lake Property

MONTREAL, QUEBEC--(Marketwire - Sept. 21, 2010) - Stellar Pacific Ventures Inc. (TSX VENTURE:SPX) ("Stellar" or the "Company") is pleased to announce the completion of a summer field program on its Monster lake property in the Chibougamau area where results from channel sampling on newly exposed gold zones returned 9.71 g/t gold over 5.2 meters, 3.24 g/t Au over 7.2 meters and other interesting results.

The new Megane zone and the 325 gold showing have been discovered by prospecting along the trend of a 4.5 kilometer long gold corridor that crosses the Monster lake property in a NE- SW direction. The Megane showing has been exposed with an excavator over a length of 125 meters and consists of a 6 to 8 meter wide black quartz vein within a 10 meter wide mineralized and altered shear zone. The zone is open in both directions.

Trench Results

Zone Line Au g/t Width in m. Comments
Mégane A 3.24 7.2 Open
  B 1.48 5.3  
  C 9.71 5.2 Open
  D 1.91 3.6  
325 A 1.51 1.5  
  B 2.1 2.1 Open
  E 3.52 1  
  G 7.26 1.6 Open
Berta   1.45 0.9  
1G   1.52 1.0  

The table above shows that channel samples from sample line A on Megane showing returned 3.24 g/t Au over 7.2 meters while channels from line B averaged 1.48 g/t Au over 5.3 meters and the channels from line C gave a hefty 9.71 g/t Au over 5.2 meters. New channel sampling from the 325 showing returned 7.26 g/t Au over 1.6 m. and 2.1 g/t Au over 2.1 m. Further channel sampling will be necessary as most of these zones remain open. The Megane zone and the 325 showing line up within a 4.5 kilometer gold trend, along with other known showings such as Annie, Nouvel and Monster, consisting of black quartz vein material within an altered shear zone with intervals of massive sulphides. Another parallel and similar zone, located 300 meters to the NW, named the 52 zone, has been traced by drilling on over a length of 1 kilometer and remains open.

All these zones require systematic drilling at 50 meter spacing and Stellar is preparing a 10,000 meter drill program which is scheduled to begin in early October.

"We are encouraged to find new mineralized zones as easily on a property which already had 20,000 meters of drilling and several trenching programs" says Maurice Giroux President and CEO of Stellar. He further adds "Our goal is to transform this existing mineralization into an inferred resource category as quickly as we can. We started the installation of a drill camp on site and our priority will be to start drilling zones like Megane, Zone 52, 325 and Annie where we have encountered by drilling and/or trenching auriferous zones of substantial grade over good width that extends over several kilometers".

The summer field program conducted by Stellar consisted of due diligence verification work followed by mapping and prospecting, soil geochemistry and a trenching program.

Channel samples collected during the trenching program are continuous samples about the size of NQ diamond drill core and were cut with a rock saw equipped with a diamond blade. Analytical work was conducted by ALS Chemex of Val d'Or, an ISO 9001:2000 certified laboratory.

The Monster Lake property is located 44 kilometers South–West of the town of Chibougamau in northern Quebec. It is easily accessible by road and has a major power line nearby. From 1984 to 1995 SOQUEM drilled 142 holes for nearly 20,000 meters of diamond drill core and excavated several trenches along this 4 kilometer long mineralized corridor. There are more than 45 known intersections of greater than 1 g/t Au from drill core or channel samples. The 3 principal showings, Monster, Zone IV & III and Zone 52, have been drilled at 50 meter line spacing, but for the most part with only one hole per section, leaving several now economic intersections wide open, along strike and at depth. At current gold prices, many of these gold intersections which in the mid- 1990's were not judged economical at $US300.00 per ounce, now become very promising.

About Stellar Pacific Ventures

Stellar Pacific Ventures (TSX-V :SPX) is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Canada and Africa.

Stellar is dedicated to creating growth by discovering and mining the earth's resources in an efficient and environmentally responsible manner.

The technical content of this press release have been reviewed and approved by Mr. Maurice Giroux, a qualified person as defined in NI 43-101 regulation.

Neither 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.

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