Stellar Pacific Ventures Inc.

Stellar Pacific Ventures Inc.

November 18, 2010 10:34 ET

Stellar Pacific Ventures Starts Drilling at Chibougamau Monster Lake

MONTREAL, QUEBEC--(Marketwire - Nov. 18, 2010) - Stellar Pacific Ventures Inc. (TSX VENTURE:SPX) ("Stellar" or the "Company") is pleased to announce the mobilisation of a drill rig to its Chibougamau Monster Lake project. The Phase I of the 10,000 meter program will consist of 23 holes totalling 3,050 meters. This initial program will test extensions of Mégane, 52, 325 and Annie zones.

The «Mégane Zone» was discovered in the course of the last summer field program. The zone consists of a 10 to 12 metres wide sheared zones hosting a large dark quartz veins and some massive sulphides bands up to 10 cm wide. The surface channel sampling reported many significant gold intersections, namely, 9.71gAu /t over 5.2 metres and 3.24 gAu /t over 7.2 meters, and both intersections were considered open in all directions. Nine holes will be drilled to test Mégane's vertical and horizontal extension on a strike length of 400 metres and down to a depth of 125 metres.

The «Zone 52» is located 400 metres to the west and parallel to the Mégane zone. SOQUEM's historical drilling report an 800 metres long zone grading up to 6.3 gAu/t over 5.1m from very widely spaced drill holes. The zone is open in all direction and a strong electromagnetic conductor indicates that the zone may extend over a length of 2,000 metres. Six holes will be drilled to better define this zone.

The «Zone 325» is located 400 metres along the NE extension of Mégane Zone. Surface channels samples from last summer trenching returned 7.26 gAu/t over 1.6m and 2.1gAu/t over 2.1m. Four holes will be drilled in this zone.

The «Annie Zone», likely the NE extension of the 325 Zone, was drilled by SOQUEM in 1994 over a strike length of 400 meters and remains open. The better intersections reported by SOQUEM are 14.7 gAu/t over 1.5 m., 13 gAu/t over 2.9 m. and 1.16 gAu/t over 12.7 m.  To enhance this zone Stellar will drill 4 holes.

This phase I of drilling is aimed to obtain a better understanding of this 4.5 kilometre long gold trend before Stellar begins Phase II drilling. This second phase will be systematic definition drilling at 50 meter spacing over the entire strike length. It will also be in-fill drilling to SOQUEM's 142 drill holes conducted between 1985 and 1995.

About Stellar Pacific Ventures

Stellar Pacific Ventures (TSX VENTURE: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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