Trading Symbol: SLI (TSX Venture Exchange)
EKL (Frankfurt Exchange)
SELSF (U.S. Clearing Symbol)
News Release 2007-22
July 26,
2007
John Brophy Appointed
Vice President, Exploration
Lori McClenahan, President of St. Elias Mines Ltd. (�St.
Elias� or the �Company�), is pleased to announce the appointment of John Brophy, P.Geo., as Vice President, Exploration of the Company.
Mr. Brophy holds a Bachelor of Science degree (honors) from McGill University in Montreal (1975). He is a registered professional geologist with the Northern Association of Professional Engineers, Geologists and
Geophysicists; a Fellow of the Society of Economic
Geologists; a former Fellow of the Geological Association of Canada; and a former
Director of the Northwest Territories Chamber of Mines.
Mr. Brophy brings over 31 years of international
mineral industry experience to the Company. Over the course of his career Mr.
Brophy gained experience working for the government, where he was District
Geologist in the Northwest Territories, and working for a number of Canadian
junior mining companies. Mr. Brophy has resided in Peru for the past 14 years
where most of his work has been performed for junior mining companies as an independent
consulting geologist to assist in identifying, evaluating
and acquiring precious- and base- metal projects in Peru (mainly gold and
copper.)
Over his career, Mr. Brophy has been credited with two principle discoveries:
the Virgen gold deposit in northern Peru and the Damoti Lake gold deposit in the
Northwest Territories, Canada. The Virgen gold deposit (400,000 oz) is
situated 22 kilometres east of Barrick Gold Corporation's mining operations at
Lagunas Norte. Production at Virgen began in late 2003 and, as at October
2006, 180,000 ounces of gold had been produced. At the Damoti Lake Gold Project,
gold resources defined by drilling and underground development currently stands
at 233,000 ounces (on 1 of 13 target areas at the Project.) The Damoti Lake
Gold Project is now advancing towards production having completed a NI 43-101
resource study and a NI 43-101 compliant Preliminary Economic Assessment in
2006.
Lori McClenahan, President of the
Company, stated �Mr. Brophy has ran St. Elias� Peruvian operations since 1998
and his involvement has been invaluable. He is directly responsible for our
success in Peru and we are very pleased with his appointment.�
The Company has granted
incentive stock options to certain of the Company�s directors, officers,
employees and consultants to purchase up to 850,000 common shares under the
Company�s Stock Option Plan. The options will be granted for a period of two
years, commencing on July 26, 2007 at a price of $0.62 per share.
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).
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 contains forward-looking statements
regarding the ongoing and upcoming exploration work and expected geometry of
geological formations and structures. Actual results may differ materially
from those currently anticipated in such statements.