St Elias Mines Ltd. announced a $0.25 million Phase One exploration plan for its Gold Summit property in southwestern British Columbia. St. Elias will commence the exploration activities outlined in the plan within the month and expects to complete the field portion of the planned activities during the current fiscal year.

St. Elias has obtained the required BC Government permits to commence exploration, including diamond drilling and mechanized trenching, for the Project. St.

Elias will fund the first phase of the Gold Summit exploration program from existing working capital. The second phase of the program will likely require additional financing either by St. Elias or by Havilah Mines Ltd., a proposed spin-off company being established to own and explore St.

Elias' British Columbian properties. Gold Summit exploration plans will not be funded by the proceeds of the financing that St. Elias announced on October 22, 2012 as those proceeds are intended to advance the Company's exploration activities in Peru.

The 3,201-hectare Gold Summit property in British Columbia consists of eight mineral claims and one placer claim in which St. Elias has a 100% interest, as well as three mineral claims in which St. Elias has an 85% interest.