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Trading Symbol: SLI (TSX Venture Exchange)

EKL (Frankfurt Exchange)

SELSF (U.S. Clearing Symbol)

Vancouver, February 15, 2013: St. Elias Mines ("St. Elias or the "Company") announces that it has today commenced litigation in the Supreme Court of British Columbia, along with its President and CEO Lori McClenahan, against a number of individuals for defamation, conspiracy, and other causes of action. In this lawsuit St. Elias also alleges breach of fiduciary duty by a former director. Many of the defendants are unknown individuals who have posted defamatory comments against St. Elias and McClenahan by means of pseudonyms. Legal processes exist whereby the identity of such persons can be determined, and those processes will be utilized. St. Elias and McClenahan intend to pursue this litigation vigourously and seek all available remedies including damages.

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.

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