Trading Symbol: SLI (TSX Venture Exchange)

EKL (Frankfurt Exchange)

SELSF (U.S. Clearing Symbol)

June 3, 2013

NEWS RELEASE

St. Elias Mines Ltd. - Peru Update

Vancouver, B.C.  June 3, 2013   St. Elias Mines Ltd. (SLI-TSX-V) (the "Company") announces that it has shut down all exploration activities at its Peruvian properties.  The shutdown of exploration activity does not affect the status of the Peruvian properties and vigencias as reported in St. Elias' May 31 news release.

For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call
1-888-895-5522 (toll free US and Canada) or contact:

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.



distributed by