ST. ELIAS MINES LTD. -- 2014 ANNUAL AND SPECIAL GENERAL MEETING

St. Elias Mines Ltd. has rescheduled its 2014 annual general and special meeting to March 27, 2014. The meeting will be held on March 27, 2014, at 10 a.m. (PST) at the offices of the company located at Suite 304, 700 West Pender St., Vancouver, B.C., V6C 1G8.

Shareholders will be asked to approve a name change and share consolidation of the company's issued and outstanding common shares at a ratio of 20 preconsolidation shares to one postconsolidation share at the meeting. The board of directors is recommending shareholders approve the share consolidation to better position St. Elias to finance its exploration and development activities on its mineral properties.

St. Elias currently has 117,118,355 common shares issued and outstanding. Further details regarding the name change and share consolidation are set out in the company's information circular mailed to shareholders. The company also announces that Paul McDonald has resigned as a director of the company.