St. Elias Mines Ltd. Confirms Advance Notice of Dissident Nominees; Provides Location for Annual and Special Meeting of Shareholders

(via Thenewswire.ca)

Trading Symbol: SLI (TSX Venture Exchange)

EKL (Frankfurt Exchange)

SELSF (U.S. Clearing Symbol)

News Release 2012-25

October 25, 2011

Vancouver, BC, October 25, 2012 St. Elias Mines Ltd. ("St. Elias" or "the Company"), today confirmed that, in accordance with its recently adopted Advance Notice Policy, it has received notice that Mr. Gilby Len Hastman, an electrician from Spruce Grove Alberta, intends to put forward three nominees for election to the St. Elias Board at the forthcoming Annual and Special Meeting of Shareholders (the "Meeting").

The individuals proposed by Mr. Hastman consist of himself, his brother Mr. Darcy Kim Hastman, also an electrician, and a third individual, Ted E.R. Rutherglen, who is employed as a Human Resources Manager.

Based on the materials provided by Mr. Gilby Hastman to the Company, the three potential nominees lack the qualifications necessary to lead St. Elias, as their submission to the Company reveals absolutely no experience or expertise in mineral exploration or corporate finance and no prior service as a director of a publicly traded company.

St. Elias informs shareholders that the Meeting scheduled for Tuesday November 27, 2012 at 11 a.m. (Vancouver time) will take place at suite 2900, 550 Burrard Street in Vancouver.

St. Elias will provide more details to shareholders about this Meeting and the Company's director nominees in its Management Information Circular that will be filed and mailed to shareholders shortly.

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

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.

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

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