Trading Symbol: SLI (TSX Venture Exchange)
EKL (Frankfurt Exchange)
SELSF (U.S. Clearing Symbol)
News Release 2009-15
September 25, 2009
St. Elias Increases Private Placement to $750,000
Lori McClenahan, President of St. Elias Mines Ltd. (the ?Company?), announces that due to strong demand, the Company has agreed to increase the non-brokered private placement previously announced on September 10, 2009 from $450,000 to $750,000. The private placement will now consist of 5,000,000 units at a price of $0.15 per unit. Each unit will consist of one common share of the Company and one non-transferable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the Company for a period of two years following closing, at a price of $0.30 during the first year and $0.45 during the second year. The proceeds of the private placement will be used for exploration expenditures on the Company?s Peruvian properties and for working capital.
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).
ST. ELIAS MINES LTD.
(signed ?Lori McClenahan?)
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.