Stellar Pacific Ventures Inc.
TSX VENTURE : SPX

Stellar Pacific Ventures Inc.

January 10, 2011 12:15 ET

Stellar Pacific Ventures: Update on Drilling of Solotomo Discovery, Balandougou Project, Guinea

MONTREAL, QUEBEC--(Marketwire - Jan. 10, 2011) - ("Stellar" or the "Company") is proud to announce that 106 holes out of a 120 have been completed before the year end holidays. The remaining 14 holes will be drill before the end of January 2011.

This 8,000 metres RC drill program is aimed to test the extension of 4 large mineralized zones discovered following a detailed soil geochemistry survey over 70 km2 in the area of the Solotomo artisan digging site. Stellar announced in September 2010 the results of the systematic sampling of 5 trenches dug across 3 gold anomalies lying at a short distance to the East of the Solotomo artisan pit. The 5 trenches returned some economical gold grades over impressive width. The highlight of this initial trenching program is the intersection in trenches, CQ-1, CQ-2, CQ-3, ST-1 and ST-2 of some large gold mineralized sheared zones hosting metric size quartz veins and stockworks. All trenches show mineralisation on entire length and sometimes extending over the limit of the sampled area.

  SUMMARY OF GOLD MINERALISATION:
   
   
Trench CQ-1: 1.68 g Au/t over a length of 90.0m
  Including: 3.12 g Au/t over a length of 32.0m
  Including: 2.03 g Au/t over a length of 8.0m
   
Trench CQ-2: 1.09 g Au/t over a length of 58.0m
  Including: 2.06 g Au/t over a length of 16.0m
   
Trench CQ-3: 0.22 g Au/t over a length of 11.0m
  Including: 1.19 g Au/t over a length of 1.0m
   
Trench ST-1: 1.77 g Au/t over a length of 39.0m
  Including: 2.55 g Au/t over a length of 25.0m
   
Trench ST-2: 0.41 g Au/t over a length of 44.0m
  Including: 2.09 g Au/t over a length of 4.0m

To follow up on the definition of that new discovery, the Company proceeded in December 2010 with an 8,000 metre, 120 holes, RC drill program to confirm extension and direction of the gold zones observed at surface. The initial drill pattern is a 50-by-50 meter holes intervals and a plan of the drill program can be seen on the following link: http://file.marketwire.com/release/SOLO_FORAGE_Bloc1a4.pdf .

Sampling of drilling material is done metre by metre on the total length and results are expected to start being available in early February.

ABOUT BALANDOUGOU PROPERTY: The Balandougou property is located 100 kilometres to the North of Siguiri, in Upper Guinea, close to the Mali border. It is composed of four contiguous permits covering an extensive area of 606 km2. From North to South, the four permits are referred as to Niagassola, Socosgui, Siguiri II and Sirakoro permits.

The company also owned a major interest in the Siguiri, Saraya and Mandiana Permits, covering 361 km2 bringing their land position in Guinea to an extensive 967 km2 of prolific gold terrain in the well known Siguiri sedimentary basin.

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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