Concerned Shareholders of St. Elias Mines Ltd. Apply to the British Columbia Supreme Court and Provide Guidelines for Voting GREEN PROXIES

Dezember 18 03:24 2012

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/17/12 — Gilby Len Hastman and Darcy Kim Hastman (the Concerned Shareholders) announce that they have filed an application (the Application) with the British Columbia Supreme Court (the Court) seeking an order that the articles of St. Elias Mines Ltd. (the Company) do not prohibit the nominations of James E. Rainbird and Richard Alexander Defreitas and further, or in the alternative, that the annual general meeting (the AGM) of the Company be rescheduled from December 27, 2012 to early January, 2013. The Application is scheduled to be heard on December 18, 2012 and, if successful, will ensure that shareholders of the Company have an opportunity to consider each of the Concerned Shareholders- five nominees at the AGM.

SIMPLIFIED PROCEDURES FOR VOTING GREEN PROXIES:

The following are the simplified GREEN PROXY voting procedures:

DID YOU KNOW?

Management of the Company contends that shareholders should rely on the facts. The Concerned Shareholders agree. Before voting, please review the facts set forth on page 5 of the Dissidents Information Circular. Further, please consider the following:

SHAREHOLDERS TAKE NOTICE:

The Concerned Shareholders remain optimistic that the Company has a prosperous future but only if the existing board of directors can be replaced by individuals who will act in the Company-s best interests.

For further information, please see the Dissidents Information Circular available on under the profile of the Company.

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.

Contacts:
Gilby Len Hastman
780-974-5925

Darcy Kim Hastman
780-974-5924

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