(via Thenewswire.ca)

Vancouver, B.C. January 11, 2012 Lori McClenahan, President of St. Elias Mines Ltd. (SLI - TSX:V) ("St. Elias" or the "Company") announces that Duncan Bain and Allan St. James have resigned as directors of the Company effective today.

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:

European Consultant U.S. Investor Relations Consultant

Michael Kott Herbert Haft CM-Equity AG & Co. KG Financial Service The Haft Group, Inc.

Tel: 011 4989 1890 474 0 Tel: (212) 759-8865

Email: kott@cm-equity.de Email: herbhaft@haftgroupinc.com

herbhaft@aol.com

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.

Copyright (c) 2012 Thenewswire.ca - All rights reserved.