Vancouver, BC December 27, 2012, St. Elias Mines Ltd. ("St. Elias" or "the Company"), announces the results of the Annual General and Special Meeting of its shareholders held today, December 27, 2012.
Shareholders of the Company approved the following resolutions that were presented by management of St. Elias:
1.The appointment of Ernst & Young LLP as auditors for the Company until the next Annual General Meeting and the authorization for the board of directors of the Company to determine the auditors' remuneration;
2.A special resolution approving amendments to the Company's Articles to remove the staggered board provisions; and
3.The setting of the number of directors of the Company at five. The directors of the Company for the ensuing year are:
The Company also announces that pursuant to the Company's Stock Option Plan, the Company has granted incentive stock options to directors, officers, and consultants of the Company to purchase an aggregate 4,000,000 shares in the capital of the Company at an exercise price of $0.10 per share for a period of two years.
About St. Elias
St. Elias is a gold-focused exploration company led by an experienced management team and active in Peru and British Columbia. St Elias' properties have high potential and are located in two of the most prolific mining regions of the world. 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
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