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St Elias Mines Ltd
Symbol SLI
Shares Issued 117,118,355
Close 2013-01-14 C$ 0.14
Market Cap C$ 16,396,570
Recent Sedar Documents

ORIGINAL: St. Elias dissidents received 91% of votes, says report

2013-01-14 19:24 ET - News Release

Received by email:

File: Elias - News Release (January 14, 2013) (v2).DOC


Concerned Shareholders of St. Elias Mines Ltd. Announce Overwhelming Support for Election of Dissident Nominees
January 14, 2013 (Vancouver) - Gilby Len Hastman and Darcy Kim Hastman (the Concerned Shareholders) announce that, aft
--->er a two week delay, they have now received the scrutineers' report (the Report) of St. Elias Mines Ltd. (TSX Venture:
---> SLI) (the Company) for the annual general and special meeting of shareholders of the Company held on December 27, 201
--->2 (the AGM). To date, the Company has not publically announced these results. 
Significantly, the Report discloses that management of the Company (Management) received approximately 6,671,436 votes
---> at the AGM which is in stark contrast to the 64,649,933 shares represented by the valid Green Proxies  received by th
--->e Concerned Shareholders and delivered to the Company for use at the AGM (please see the news release of the Concerned
---> Shareholders dated January 2, 2013). Therefore, the Green Proxies accounted for approximately 91% of the total votes 
--->cast at the AGM in favour of electing the Dissident Nominees as directors of the Company. This was a remarkable result
--->. 
The Report also confirms that, of the five Management nominees for directors, Lori McClenahan and Tina Whyte received,
---> respectively, the fewest and second fewest votes cast, including by shareholders who completed white proxies for use 
--->at the AGM.
The Concerned Shareholders will take steps to ensure that this important information is brought to the attention of th
--->e British Columbia Securities Commission (the BCSC) and the TSX Venture Exchange (the TSXV). As previously announced, 
--->the Concerned Shareholders believe that Ms. McClenahan, as the Chair at the AGM, had no authority or jurisdiction to r
--->eject all of the Green Proxies and that the majority of the Dissident Nominees, being Gilby Len Hastman, Darcy Kim Has
--->tman, Ted E.R. Rutherglen, James E. Rainbird and Richard Alexander Defreitas, were elected as directors of the Company
---> at the AGM.
The Report provides further evidence of the Company's attempts to entrench Management and to disenfranchise and thwart
---> the will of a significant majority of the shareholders of the Company. The Concerned Shareholders believe that the Co
--->mpany's actions undermine the fundamental rights afforded to shareholders of companies listed on the TSXV and erode in
--->vestor confidence in the Canadian capital markets. 
If you have any questions, please contact either of the Concerned Shareholders as follows: Gilby Len Hastman (1-780-97
--->4-5925), Darcy Kim Hastman (1-780-974-5924) or by email at "steliasnominees@gmail.com". 
(signed "Gilby Len Hastman")
Gilby Len Hastman, on behalf of the Concerned Shareholders
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.


File: Elias - News Release (January 14 2013) (v2) (2).pdf

                                                                           FOR IMMEDIATE RELEASE


  Concerned Shareholders of St. Elias Mines Ltd. Announce
  Overwhelming Support for Election of Dissident Nominees
January 14, 2013 (Vancouver) � Gilby Len Hastman and Darcy Kim Hastman (the Concerned
Shareholders) announce that, after a two week delay, they have now received the scrutineers' report (the
Report) of St. Elias Mines Ltd. (TSX Venture: SLI) (the Company) for the annual general and special
meeting of shareholders of the Company held on December 27, 2012 (the AGM). To date, the Company has
not publically announced these results.

Significantly, the Report discloses that management of the Company (Management) received approximately
6,671,436 votes at the AGM which is in stark contrast to the 64,649,933 shares represented by the valid
Green Proxies received by the Concerned Shareholders and delivered to the Company for use at the AGM
(please see the news release of the Concerned Shareholders dated January 2, 2013). Therefore, the Green
Proxies accounted for approximately 91% of the total votes cast at the AGM in favour of electing the
Dissident Nominees as directors of the Company. This was a remarkable result.

The Report also confirms that, of the five Management nominees for directors, Lori McClenahan and Tina
Whyte received, respectively, the fewest and second fewest votes cast, including by shareholders who
completed white proxies for use at the AGM.

The Concerned Shareholders will take steps to ensure that this important information is brought to the
attention of the British Columbia Securities Commission (the BCSC) and the TSX Venture Exchange (the
TSXV). As previously announced, the Concerned Shareholders believe that Ms. McClenahan, as the Chair at
the AGM, had no authority or jurisdiction to reject all of the Green Proxies and that the majority of the
Dissident Nominees, being Gilby Len Hastman, Darcy Kim Hastman, Ted E.R. Rutherglen, James E.
Rainbird and Richard Alexander Defreitas, were elected as directors of the Company at the AGM.

The Report provides further evidence of the Company's attempts to entrench Management and to
disenfranchise and thwart the will of a significant majority of the shareholders of the Company. The
Concerned Shareholders believe that the Company's actions undermine the fundamental rights afforded to
shareholders of companies listed on the TSXV and erode investor confidence in the Canadian capital
markets.

If you have any questions, please contact either of the Concerned Shareholders as follows: Gilby Len
Hastman (1-780-974-5925), Darcy Kim Hastman (1-780-974-5924) or by email at
"steliasnominees@gmail.com".

(signed "Gilby Len Hastman")

Gilby Len Hastman, on behalf of the Concerned Shareholders

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.
 


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