September 24, 2012 - 9:06 PM EDT




St. Elias Mines Ltd. Retains Investor Relations Consultant
VANCOUVER, British Columbia, Sept. 24, 2012 /PRNewswire/ -- Lori McClenahan, President of St. Elias Mines Ltd. (SLI – TSX:V) (Frankfurt Exchange: EKL) (U.S. Clearing Symbol: SELSF) ("St. Elias" or the "Company") announced today the Company has, subject to regulatory approval, retained Dan Aaron as a consultant to provide investor relations services to the Company.

"Mr. Aaron's business and corporate experience will be of significant benefit to the Company," said Lori McClenahan, President. "We are fortunate to have him as part of our team and we are looking forward to working with him."

Mr. Aaron's investor relations services will include, but not be limited to, communications with existing shareholders and future investors, assistance with preparation of investor presentations and materials, and the dissemination of corporate information. Mr. Aaron holds, directly or indirectly, 126,000 shares of the Company.

Mr. Aaron will be available to take investor relations calls between Monday to Friday from 6:30 am to 1:00 pm Vancouver time, commencing on October 8, 2012. Until then, St. Elias encourages shareholders to submit questions to Mr. Aaron through a new website page at http://steliasmines.com/questions.

Initially, Mr. Aaron will endeavor to have the questions answered by the appropriate person and will post answers on a new website page at http://steliasmines.com/questions.

Mr. Aaron brings over 25 years of business and corporate experience to the Company. A serial entrepreneur at heart, Mr. Aaron has been involved in a multitude of different businesses, business development, marketing, and customer relations and selling of his businesses in Canada, USA, Australia and Africa since the late 80's. His experience extends from being a partner in a national chain of specialty medical centers, international restaurant franchising, developing an North American brand of motivational speaking programs, internet marketing and GPS tracking technology to name a few.

Mr. Aaron has been an investor in TSX Venture exchange companies since the early 90's and understands the dynamics involved. More recently, Mr. Aaron has been very active reviewing and providing valuable input with respect to the Company's existing investor relations programs.

Investor Relations Agreement

Under the terms of the agreement, the Company has agreed to pay to Mr. Aaron a monthly fee of C$5,000 for an initial term of three months commencing on September 24, 2012. The Company has also agreed to reimburse Mr. Aaron for his reasonable out-of-pocket expenses (subject to prior Company approval) and grant to Mr. Aaron incentive stock options to purchase common shares in the capital of the Company, from time to time, at the discretion of the Board of Directors at such price or prices and upon such terms as may be acceptable to the TSX Venture Exchange

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

U.S. Investor Relations Consultant

Herbert Haft
The Haft Group, Inc.
Tel: (212) 759-8865
Email: [email protected]