January 10, 2012 at 10:27 AM EST
Stellar Pacific Ventures Drills 18 Metres of 4.57 gr Au/t on B-3 Zone of Solotomo Discovery, Guinea

MONTREAL, QUEBEC--(Marketwire - Jan. 10, 2012) - Stellar Pacific Ventures Inc. (TSX VENTURE:SPX) ("Stellar" or the "Company") - is pleased to release final results of the 2011 drill program completed in November 2011 on the Zone B-3 of the SOLOTOMO GOLD DISCOVERY in Guinea, West Africa.

So far this current infill drill program succeeded in tracing the zone B-3 on a continuous length of 1,100 meters. Drills sections or fences were positioned at 50 meters intervals across the B-3 corridor oriented N 315 degrees. The company is very pleased with the high grade nature of the mineralization as clearly demonstrated by numerous drill intersections. The company has received and compiled the assay of the 27 RC holes drilled in November 2011 on the oxide portion of Zone B3. A total of 11 holes returned significant gold intersections.

SOLOTOMO ZONE B-3, 2011 DRILL PROGRAM, MOST SIGNIFICANT MINERALIZED DRILL INTERSECTIONS

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Hole # FROM TO INTERSECTION

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(m) (m) (gr Au/t/m)

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B3-11-02 39 45 2.65 gr Au/t/6m

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B3-11-04 11 39 2.03gr Au/t/28m

incl 17 21 5.84 gr Au/t/4m

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B3-11-05 29 35 14.29 gr Au/t/6m

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B3-11-08 23 25 1.07 gr Au/t/2m

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51 53 12.3 gr Au/t/2m

B3-11-11 89 99 1.75 gr Au/t/10m

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B3-11-13 55 57 3.04 gr Au/t/2m

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B3-11-14 0 19 3.98 gr Au/t/18m

Incl 3 5 15.6 gr Au/t/2m

incl 11 15 6.81 gr Au/t/4m

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B3-11-18 23 29 1.78 gr Au/t/6m

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9 28 4.57 gr Au/t/18m

B3-11-20 9 11 6.66 gr Au/t/2m

Incl 23 25 28.8 gr Au/t/2m

Incl 83 85 2.49 gr Au/t/2m

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B3-11-23 59 61 1.13 gr Au/t/2m

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B3-11-26 63 66 5.85 gr Au/t/4m

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Maurice Giroux, P.Geo., President and CEO and Qualified Person quotes "we are very pleased with consistent results of the Zone B3 so far. The gold mineralization in that zone is found in quartz veins and stringers that usually strike N110 degrees dipping 50 degrees to the south. The quartz veins and stringers are contained in a deformation corridor oriented N315 degrees. The zone B3 is still open in all directions."

The 3 structures that the company has drilled so far are known as the Solotomo Pit, B1 and B3 zones and cumulate more then 1,800 linear meters of oxide and sulphide gold mineralization. The company is planning a core drilling program on the three structures in the course of the next four months. According to oxide zone indication, core drilling should lead to substantial resource calculation on those 3 zones."

2011 Trenching Program

The Company has completed 11 trenches totaling 1,400 linear meters. The trenches were dug to a depth of 4 meters across B1 and B3 zones and across the southern extension of the Solotomo pit zone. The trenching program was designed to understand structural features controlling the gold mineralization over the 3 zones. All trenches were channel sampled on their full length and mapped in order to note all geological and structural features observed on the 3 zones. Trenches assays are currently available and being compiled and will be announced with the conclusion of the structural study when available.

Airborne Magnetic/Radiometric Survey:

Stellar has also completed an airborne magnetic and radiometric survey over the entire 600 km2 of the Balandougou Concession. The survey was conducted by Xcalibur Airborne Geophysics of Pretoria, South Africa. The survey comprises approximately 5,691 line kilometres of flight lines oriented north-south at 100-metre spacing.

This survey, combined with the company's current knowledge of the economic geology of the area, will bring valuable information and will help in the planning of subsequent work phase.

About the Balandougou property:

The Balandougou project in Guinea is a 49% - 51% joint venture between STELLAR PACIFIC VENTURES AND ULTRAGOLD HOLDING.

The Balandougou property is located 100 kilometres North of Siguiri in Upper Guinea at Mali border. It is comprised of four contiguous Exploration Licences that cover an extensive area of 606 Km2.

About Stellar Pacific Ventures

Stellar Pacific Ventures (TSX VENTURE:SPX) is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits In West Africa. The Company owns interest in 7 Exploration licences in Guinea totalling 967 km2.

The Company also owns a major interest in the Namarana Licence in Mali. Stellar is pleased to recall that a venture agreement has been entered into with Newmont Ventures Limited ("Newmont") whereby Newmont and Stellar will jointly participate in the exploration of the Property and seek to acquire additional properties within the area.

The technical content of this press release have been reviewed and approved by Mr. Maurice Giroux, a Qualified Person as defined in NI 43-101 regulation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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