February 09, 2012 at 11:24 AM EST
Stellar Pacific Ventures Reports Further Positive Results at Balandougou, Solotomo Discovery in Guinea

MONTREAL, QUEBEC--(Marketwire - Feb. 9, 2012) -

M. Maurice Giroux, P.Geo, a Qualified Person as defined in National Instrument 43-101, reports:

Stellar Pacific Ventures Inc. (TSX VENTURE:SPX) ("Stellar" or "the Company") is pleased to announce the results of the trenching and drilling program completed on B1 zone in November 2011.

The trenching of the B1 zone aimed to expose and to understand the geometry of the mineralized structure. In conclusion, two wide zones of mineralization were outlined in trenches A1-A2 (0.65 g/t Au over 34 metres) and B1-B2 (1.06 g/t Au over 46 metres). The two intersections line up along a N53 degrees E strike, which corresponds to a major shear zone. This wide zone of gold mineralization remains open to the NE.

The drilling of this same structure consisted of 15 RC holes oriented N140 degrees at an angle of -50 degrees. The drill program has been successful and six holes reported significant gold grades over substantial width:

SOLOTOMO ZONE B-1 MOST SIGNIFICANT MINERALIZED

DRILL INTERSECTIONS

/T/

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HOLE # FROM TO INTERSECTION

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

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B1-11-01 19 31 0.57 gr Au/t/12m

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B1-11-05 47 64 1.02gr Au/t/16m

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B1-11-08 39 66 1.18 gr Au/t/28m

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B1-11-10 9 13 2.18 gr Au/t/4m

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B3-11-11 29 39 6.71 gr Au/t/10m

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B1-11-11 25 33 1.47 gr Au/t/8m

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/T/

Mr. Maurice Giroux, President and CEO of the Company said: "We are very pleased so far with the results obtained on the Solotomo Discovery. We are currently proceeding with the interpretation of the Airborne Magnetic and Radiometric survey of the entire 600 km2 of the Balandougou Property. Already, the association of most known major gold occurrences with the Magnetic and Radiometric profile suggests numerous new targets to follow up. A 3,000 metre core drilling and a 3,000 metre RC drilling are scheduled to start in March and in the meantime, a geochemical survey is in progress over two magnetic anomalies associated with the surface gold occurrences."

The Balandougou property is located 100 kilometres north of Siguiri, in Upper Guinea, close to the Mali border. It is composed of four contiguous permits covering an extensive area of 606 square kilometres in Guinea and of the adjacent Namarana permit covering 132 square kilometres across the border on the Mali side.

About Stellar Pacific Ventures

Stellar Pacific Ventures (TSX VENTURE:SPX) is a Canadian-based mining exploration company whose primary mission is to create shareholder value by targeting, exploring and developing gold deposits, mainly in Africa.

Stellar is dedicated to discovering and mining the earth's resources in an efficient and environmentally responsible manner.

The technical content of this press release has been reviewed and approved by Mr. Maurice Giroux, a Qualified Person, for accuracy and compliance with NI 43-101

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" . Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither the 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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