NEWS RELEASE

St. Elias Mines Ltd. – Options Strategic Claim Adjoining Tesoro to 88 Capital Corp.

Vancouver, B.C. May 15, 2012  Lori McClenahan, President and Chief Executive Officer of St. Elias Mines Ltd. (SLI – TSX:V) and Robert Coltura, Director of 88 Capital Corp. (EEC – TSX:V), announce today that St. Elias has entered into an option agreement with 88 Capital Corp. whereby 88 Capital Corp. can earn a 60% interest in the Chance F mineral concession (the “Chance F Claim”) which adjoins St. Elias’ wholly-owned Tesoro Gold Project located in southwestern Peru.

Chance F Claim

The Chance F Claim is a strategic claim that adjoins the southern end of the Tesoro Gold Project where St. Elias is currently drilling to delineate gold resources.  Geological information, together with Titan 24 geophysical data and satellite imagery, confirms that structural lineaments which are coincident with gold mineralization on Tesoro Project extend onto the Chance F Claim.

The initial exploration program on the Chance F Claim will consist of, but is not limited to, the interpretation of satellite imagery acquired to exact specifications and geological mapping and sampling.  The program is scheduled to commence immediately.

Option Agreement

Under the terms of the option agreement, 88 Capital Corp. can acquire a 60% interest in the Chance F Claim (subject to a 1.5% NSR) in consideration of making cash payments of $550,000 to St. Elias, issuing 1,000,000 common shares in the capital of 88 Capital Corp. to St. Elias and incurring $1,000,000 in exploration expenditures on the property over a three-year period.

88 Capital Corp.’s first year commitment under the option agreement is to pay $50,000 to St. Elias, issue 250,000 common shares to St. Elias and incur $150,000 in exploration expenditures on the property.

“St. Elias continues to negotiate a variety of property deals that we are confident will create additional value for shareholders.  The optioning of the Chance F Claim not only allows another company to fund initial exploration but will also provide valuable geological information regarding the Tesoro Gold Project area” states Lori McClenahan, President and Chief Executive Officer.

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:

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.

NEWS RELEASE

ST. ELIAS MINES LTD. – Update – Cueva Blanca Gold Property in Peru

Vancouver, B.C. April 30, 2012, Lori McClenahan, President, Intigold Mines Ltd.  (IGD – TSX:V) and St. Elias Mines Ltd. (SLI – TSX:V) (collectively the “Companies”), announces today the following update and overview with respect to the Cueva Blanca Gold Property (the “Property”) located in northwest Peru.  The Property is owned 100% by St. Elias Mines Ltd.  Intigold Mines Ltd. has an option to acquire a 60% interest in the Property.

The Companies have initiated field studies in the Cueva Blanca area in preparation for diamond drilling.  At this time, it is anticipated that very little field work will be required prior to mobilizing drilling equipment and crews to the site.  The initial drilling targets include the Cruz vein, the Cruz breccia bodies as well as the Bi-Hg quartz manto zone.  The economic targets at the property are gold and silver.

The Companies have recently been approached by Compania de Minas Buenaventura (NYSE-BVN) to conduct a review of the property.  The Companies are taking this into consideration.

Cueva Blanca Property Agreement

Intigold acquired an option to earn a 60% carried interest in the Property, subject to a 1.5% net smelter return royalty (“NSR”), from St. Elias in consideration of Intigold making cash payments of $200,000 to St. Elias over a two-year period, issuing 1,000,000 common shares in the capital of Intigold to St. Elias and incurring $1.5-million in exploration expenditures on the Property over a three-year period.

In addition, Intigold has the right to purchase one-half of the 1.5% NSR from St. Elias for the sum of $1,500,000, thereby reducing the NSR payable from 1.5% to 0.75%.

Cueva Blanca Property

The Property covers approximately 5,000 hectares (50km²), and is located in the Lambayeque department in northwestern Peru, within the Northern Peru Miocene metallogenic belt.   This belt is defined by a large number of world class gold and copper-gold deposits of similar age (5-25 million years).  Giant gold deposits within this belt include Yanacocha, Lagunas Norte, and Pierina.  Also of great importance are world-class Cu+/-Au porphyry deposits such as Rio Blanco, Canariaco, La Granja, Cerro Corona, Minas Conga-Galeno-Michiqillay, Magistral, and Antamina.  The giant gold deposits and the Cu-Au porphyries often occur in clusters (e.g. Yanacocha-Conga-Galeno-Michiqillay).  Discrete vein and breccia-hosted deposits of gold and polymetallic mineralization occur adjacent to some Cu porphyry deposits.

The Cueva Blanca property is bordered to the south and southeast by mineral concessions of Vale S.A. (NYSE: VALE).  Barrick Gold (NYSE: ABX) holds extensive mineral concessions four kilometres to the north.

The Property lies within the northern member of a pair of profound east-west tectonic warps that cross northern Peru.   These flexures are marked by an abrupt change in the direction of the regional geological  trend from northwest to east-west.   Within the southernmost of these tectonic features is the multi-million ounce Yanacocha gold mine and  numerous Cu-Au porphyry deposits.  Both the northern and southern structures are on the order of 60-80 km wide; they extend right across the Andes from the Pacific Ocean to the Amazon River Basin.

The locations of the giant Yanacocha gold mine and other gold deposits and Cu-Au porphyries of the Cajamarca district may be controlled or at least influenced by east to north-east structures within the large-scale southern tectonic flexure.  The Cueva Blanca property, as well as, the Canariaco and Rio Blanco Cu-Au porphyries and gold prospects such as Las Huaquillas (Inca One) and Rio Tabaconas (Golden Alliance, GLL), appear to be with the northern tectonic flexure.

An important feature of the Cueva Blanca property is the Cruz gold/silver epithermal vein system.  Some examples of exceptional classic epithermal deposits with geologic characteristics similar to the Cruz vein system are Kupol (Russia), El Penon (Chile), and Tayoltita, Guanajuato, and Pachuca (Mexico).

Exploration History

Cueva Blanca exploration history has followed the classic pattern: acquisition based on geologic reasoning; property-wide prospecting and subsequent discovery of precious metal showings; detailed surface exploration of mineralized zones; and initial diamond drilling.  The historical results provide an indication of the potential of the Property and are relevant to continuing exploration.

The previously announced confirmation exploration work, conducted in 2011, consisting of sampling of outcrops and trenches at the Cruz Vein portion of the Property.  Assay results indicate a weighted average grade of 2.84 g/t gold across an average width of 4.3 meters and along a strike length of 850 meters in the Cruz Vein system.

Historical exploration work on the Cruz vein system, which included 91 trenches and 18 drill holes totalling 1,860 metres, proved that the quartz veins consistently contain gold and silver and that the Cruz vein system is a classic epithermal gold-silver deposit.  Historical results of gold assays from the Cruz vein drill program include 6.0 metres of 2.31 grams per tonne, 6.0 metres of 2.96 grams per tonne (including 1.75 metres of 7.45 grams per tonne), 1.5 metres of 22.68 grams per tonne, 9.5 metres of 8.09 grams per tonne (including 1.5 metres of 35.84 grams per tonne), 10.8 metres of 2.4 grams per tonne and 1.2 metres of 6.95 grams per tonne.  The vein intersections contain virtually no sulphides.  The vein system is open along strike to the southeast and northwest, and to depth. (Summary report, Sivertz, 1999.)

While the Companies have no reason to doubt the accuracy of the historical results, the existing data should not be relied upon until the Companies’ own exploration work confirms that the data meet National Instrument 43-101 standards for disclosure.  Historical results and the work that generated them predate the enactment of National Instrument 43-101 and accordingly may not meet the requirements of that policy.

Qualified Person

The technical contents of this news release have been verified by, George Sivertz, P.Geo., a Canadian geologist residing in Peru, who is a “qualified person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

For additional information on St. Elias and its projects, please visit us at www.steliasmines.com for further information on IntiGold, please visit www.intigold.com or call 1-888-895-5522 (toll free US and Canada) or contact:

INTIGOLD MINES LTD. AND 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

NEWS RELEASE

Corporate Update

 Vancouver, B.C. April 26, 2012 Lori McClenahan, President of St. Elias Mines Ltd. (SLI – TSX:V) (“St. Elias” or the “Company”) announces that the terms of the private placement (the “Private Placement”) of Havilah Mines Ltd. (“Havilah”), being undertaken as part of St. Elias’ previously announced spin off transaction (the “Spin Off Transaction”), have been amended.  Under the amended terms, the Private Placement will now consist of an issuance of up to 3,000,000 flow-through units (“FT Units”) and 3,000,000 units (“Units”) at a subscription price of $0.10 per FT Unit and $0.10 per Unit, for gross proceeds of up to $600,000.  Other than these changes to the Private Placement, all remaining terms of the Spin Off Transaction remain the same.  The Private Placement, and the Spin off Transaction, are expected to close soon.  The Private Placement is subject to regulatory approval. 

Resignation of Lloyd Brewer

The Company also announces that Lloyd Brewer has resigned as a director of the Company.  Mr. Brewer who is and continues to be Exploration Manager of the Company, spends a vast majority of time advancing the Company’s properties and in particular our Flagship Property, the Tesoro Gold Project inPeru.  Mr. Brewer provides invaluable expertise in bringing prospective mineral opportunities to the Company.   Mr. Brewer actively spends a great deal of time on the ground on the Tesoro Property and as our drilling program continues, it is imperative that Mr. Brewer concentrate and devote even more time on the Property.  Mr. Brewer will continue to play an integral part of the team of St. Elias as he has done since the inception of the Company.

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:

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.

NEWS RELEASE

CHANCE E MINERAL CLAIM, PERU

Phase 1 Exploration Program to Commence

Vancouver, B.C. April 16, 2012    Lori McClenahan, President and Chief Executive Officer, Intigold Mines Ltd. (IGD:V) and St. Elias Mines Ltd. (SLI:V) announces today exploration on the Chance E mineral concession (the “Chance E Claim”) which adjoins St. Elias’ wholly-owned Tesoro Gold Project located in south-western Peru will be commencing in the upcoming weeks.

Exploration work consisting of geological mapping and sampling, satellite imagery, as well as control grid emplacement will be commencing in the upcoming weeks.

Chance E Claim

The Chance E Claim is a strategic claim that adjoins the southern end of the Tesoro Gold Project where St. Elias is currently drilling to delineate gold resources.  Geological information, together with Titan 24 geophysical data and satellite imagery, confirms that structural lineaments which are coincident with gold mineralization on Tesoro Project extend onto the Chance E Claim.

The initial exploration program on the Chance E Claim will consist of, but is not limited to, the interpretation of satellite imagery acquired to exact specifications and geological mapping and sampling. The program is scheduled to commence immediately.

IntiGold can acquire a 60% interest in the Chance E Claim (subject to a 1.5% NSR) in consideration of making cash payments of $500,000 to St. Elias, issuing 1,000,000 common shares in the capital of IntiGold to St. Elias and incurring $1,000,000 in exploration expenditures on the property over a three-year period.

IntiGold’s first year commitment under the option agreement is to pay $25,000 to St. Elias and incur $200,000 in exploration expenditures on the property.

“The board of directors of Intigold and St. Elias are excited to be initiating the exploration of  the Chance E claim which is on strike to the numerous gold bearing veins occurring on the adjoining Tesoro Property.” states Lori McClenahan, President and Chief Executive Officer.

For additional information on Intigold Mines Ltd. and its projects, please visit us at www.intigold.com or call 1-888-895-5522 (toll free US and Canada).  For information on St. Elias Mines Ltd. visit www.steliasmines.com or call 1-888-895-5522 (toll free US and Canada).

INTIGOLD MINES LTD. AND 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

NEWS RELEASE

St. Elias Mines Ltd. – Corporate Presentation

Vancouver, B.C. March 21, 2012 Lori McClenahan, President of St. Elias Mines Ltd. (SLI – TSX:V) (“St. Elias” or the “Company”) announces that the Company will hold a Corporate Presentation to be held in Calgary, Alberta on Sunday, March 25, 2012, as follows:

Time:                                    3:00 p.m. – 5:30 p.m.

Location:                              Marriott Calgary Downtown, 110 – 9^th Avenue SE,     Calgary, Alberta

Room:                                  Kensington Ballroom

The corporate presentation is open to the public, and St. Elias invites all shareholders and interested parties to attend.  The presentation will include an update on the Company’s recent exploration activities in Peru and the spin-out of Havilah Mines Ltd.

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:

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.

NEWS RELEASE

St. Elias Mines Ltd. – Spinout of Havilah Mines Ltd.

Vancouver, B.C. March 5, 2012:  Lori McClenahan, President and CEO of St. Elias Mines Ltd. (SLI – TSX:V), announced today the following update with respect to the status of the “spin-out” and listing of Havilah Mines Ltd. on the TSX Venture Exchange.

 Havilah Mines Ltd.

St. Elias has received conditional approval from the TSX Venture Exchange (the “Exchange”) with respect to its Plan of Arrangement or “spin-out” of its property assets in British Columbia to Havilah Mines Ltd. (“Havilah”).  The Plan of Arrangement was approved by a special resolution passed by the shareholders of St. Elias at a meeting held on November 17, 2011 and approved by the Supreme Court of British Columbia on November 18, 2011.  Completion of the Plan of Arrangement is subject to the final approval of the Exchange and the concurrent financing of Havilah.

The Plan of Arrangement, which is fully described in the St. Elias’ information circular dated October 19, 2011, effectively involves a restructuring of the Company’s business and assets in order to separate its property interests in Peru from its property interests in British Columbia.  Upon completion of the Plan of Arrangement, Havilah will hold a 100% interest in St. Elias’ mineral properties in British Columbia and St. Elias will retain 100% of its interest in all of its Peruvian gold properties.

In conjunction with the Plan of Arrangement, Havilah has arranged a $600,000 private placement consisting of 1,500,000 flow-through units (the “FT Units”) at a price of $0.20 per FT Unit and 3,000,000 units (the “Units”) at a price of $0.10 per Unit.  Each FT Unit will consist of one flow-through common share in the capital of Havilah and one warrant to acquire one common share in the capital of Havilah for a period of 24 months following the closing of the private placement at a price of $0.30 per share during the first year and $0.45 per share during the second year.  Each Unit will consist of one common share in the capital of Havilah and one warrant to acquire one common share in the capital of Havilah for a period of 24 months following the closing of the private placement at a price of $0.30 per share during the first year and $0.45 per share during the second year.  A finder’s fee of 6% of the gross proceeds, payable in cash or shares or a combination thereof, is payable with respect to the private placement.

Upon final approval from the Exchange and the completion of the financing of Havilah, the effective date (the “Effective Date”) for the Plan of Arrangement will be set and the common shares of Havilah will trade on the Exchange.  The Effective Date has also been determined as the “record date” for shareholders of St. Elias to participate in the Plan of Arrangement.  In order to receive shares of Havilah, investors must be holders of St. Elias shares at the close of business on the Effective Date.  Shareholders of record on the Effective Date will receive one share of Havilah for every 20 shares of St. Elias that they own, while retaining their St. Elias shares.  There will be no change in shareholders’ holdings in St. Elias as a result of the Plan of Arrangement.  Under the Plan of Arrangement, the shareholders of record of St. Elias will continue to participate in the exploration and development of St. Elias’ Peruvian gold properties but will also participate in the exploration of a strategic group of British Columbia mineral properties.  The Company will issue another news release once the Effective Date and the trading date have been determined.

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:

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.

Lori McClenahan, CEO and President of St. Elias Mines Ltd. appears on Fox Business Live to discuss her views on Facebook putting a woman on their board for the sake of having a women, and again, on the price of gold.

Have a look…

NEWS RELEASE

St. Elias Mines Ltd. Retains Additional Geological and Administrative Personnel

Vancouver, B.C. February 6, 2012:  Lori McClenahan, President and CEO of St. Elias Mines Ltd. (SLI – TSX:V), announced today that the Company has retained additional personnel to expand its geological and administrative expertise with respect to its Peruvian operations.

George Sivertz, B.Sc., P.Geo.

George Sivertz, B.Sc., P.Geo., brings over 35 years of mineral industry experience to the Company.  Mr. Sivertz graduated from the University of British Columbia in 1976 with a B.Sc. (Honours) in Geological Science.  His geological expertise includes conducting regional exploration programs, property evaluations, technical reviews, due diligence studies and resource estimations.  Mr. Sivertz has extensive experience exploring and developing gold, silver and copper deposits in Latin America, especially in Peru.  He has also worked in a variety of geological settings around the world notably in British Columbia, Yukon, Mexico and the southwest U.S.

Teo Salazar

Teo Salazar brings over 18 years of mineral exploration experience in Peru and Argentina to the Company.  He is a graduate of the Universidad Nacional Mayor de San Marcos, Faculty of Geology, Mining, Metallurgy and Geographical Sciences.  San Marcos is the oldest University in the New World and is widely considered to be the foremost mining sciences institution in South America.  Teo has conducted a wide range of exploration programs in many of the famous mining districts of Peru.

EMINASA

St. Elias has retained EMINASA to provide a full service package to the Company that includes accounting, payroll management, financial advice, legal advice, office space, messenger services, logistics and the sourcing of professional exploration and mining personnel.  EMINASA is the acronym for “Exploration & Mining Associates S.A.” and was formed in 1997 by Harold and Lisa Waller.  EMINASA selected Peru as its base of operations because Peru is one of the most important mineral-rich democratic nations in the world.  Harold and Lisa Waller have lived in Peru since the 1960s and have worked as a team in the Peruvian mining industry for decades.

Harold Waller received a M.Sc. Degree in Economic Geology from the University of Arizona in 1960 and brings over 50 years of international experience in exploration for base and precious metal deposits with the last 40 years focused on exploration and mining company management.  Mr. Waller has worked for companies throughout Latin America and the Pacific Rim and is experienced in property evaluation, acquisitions, exploration project management, mining company management, contracts, government and labor negotiations, budgets and forecasts.

Lisa Waller brings over 35 years of experience in management, administration and public relations in business in both North and South America.

“These professionals have extensive experience in Peru which will help bolster our team as we advance to the next stage of St. Elias’ development.  We are very fortunate to attract people with this level of expertise” stated the Company’s President and CEO, Lori McClenahan.  ”They will work with our existing geological team, led by James Thom, M.Sc., to form a united exploration group with formidable geological and administrative expertise and experience.  This team has the ability to rapidly and efficiently design, execute and ramp up exploration and development programs on our gold projects in Peru.”

Investor Relations

 The Company is also expanding its investor relations team and has hired Don Ronning to provide shareholder communication services for the Company, for a minimum term of six months, and in consideration, the Company has granted 100,000 incentive stock options at a price of $0.84 per share for a period of two years with vesting over a period of 12 months.  The Company will also reimburse Mr. Ronning for reasonable expenses incurred, as approved by the Company.

Stock Options

Pursuant to the Company’s Stock Option Plan, the Company has granted incentive stock options to directors, officers and consultants of the Company to purchase an aggregate 1,000,000 shares at an exercise price of $0.81 per share for a period of two years.

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:

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.

NEWS RELEASE

St. Elias Mines Ltd. – Conference Call February 3, 2012

Vancouver, B.C. February 2, 2012:  Lori McClenahan, President, St. Elias Mines Ltd. (SLI – TSX:V), announces that the Company will hold an investor conference call on Friday, February 3, 2012 at 10:00 a.m. (Pacific Time).  The conference call will be hosted by Lori McClenahan, President and Chief Executive Officer.

Details to access the conference call are as follows:

• North America Toll-Free Access #:       800 699 3658
• USA Toll Access #:                             +1 303 223 2680

Participants are asked to dial in 10 – 15 minutes early.

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:

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.