St. Elias Mines

The Company has entered into a new era proactively engaging in the acquisition, exploration, development and sale of high potential mineral properties in the most prolific regions of the world. St. Elias continues to develop and define additional reserves at its 100% owned Tesoro Gold Project located in southwestern Peru and has recently acquired a 100% interest in the Cueva Blanca Property in northern Peru. In addition, St. Elias has entered into a letter agreement, under very favorable terms, to sell its interest in the Carmi (Kettle River) Molybdenum Property located in south-central B.C. Management has a keen interest in its shareholders and is dedicated to increasing shareholder value.