Ms. Lori McClenahan reports

ST. ELIAS MINES LTD. - CORRECTION - PERUVIAN PROPERTIES

St. Elias Mines Ltd. is correcting the news release dated July 3, 2014, which stated that all Peruvian properties have been allowed to lapse. Actually, vigencias (annual fees) and penalties have been paid to preserve Vilcoro 1 and 2 (600 hectares), Chance 1 (1,000 hectares), and Chance G (100 hectares), which cover the main gold showings on the company's properties in Peru. All other claims that constitute the previous Vilcoro and Tesoro projects have been allowed to lapse.