Trading Symbol: SLI (TSX Venture Exchange)
EKL (Frankfurt Exchange)
SELSF (U.S. Clearing Symbol)
April 17, 2013
St. Elias Mines Ltd. – Correction re Depth of Drill Hole at Tesoro Gold Project, Peru
Vancouver, B.C. April 17, 2013, St. Elias Mines (SLI – TSX:V) ("St. Elias" or the "Company") announces that it has come to the Company’s attention that there was an error with respect to the depth of one of the drill holes at the Tesoro Gold Project in Peru as reported in the Company’s news releases dated January 10, 2012 and January 23, 2012. It was announced that DDH-TE-08 was drilled to a depth of 330.0 metres when it was actually drilled to a depth of 233.0 metres. This drill hole was one of 43 drill holes of a drill program in excess of 12,000 metres. This error was essentially a data entry error and has no impact on the overall results of the drilling program, nor does it prejudice any conclusions that might be drawn from those results.
Qualified Person
The technical content of this news release has been verified by George Sivertz, PGeo, a Canadian geologist with extensive experience 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 or call Danny Aaron at 1-888-895-5522 (toll free US and Canada).
ST. ELIAS MINES LTD.
(signed “Lori McClenahan”)
Lori McClenahan, President, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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