Brief Biography

Mr. Allan R. St. James has been Member of the Board of Directors at St. Elias Mines Limited since April 10, 1997. He is President and Member of the Board of Directors at Centauro Resources Inc., and has been Manager for Special Projects at Mundoro Mining Inc. since August 2002. He is Consulting Exploration Geologist with over 25 years of experience in porphyry copper-gold vein-type and sulphide deposits in Latin America, Canada and the United States.

This guy appears to be just exercising options and selling them for whatever he can get. I guess money doesn,t matter much to him, his ones exercised back in Jan were sold real cheap. I would like to know how many options he has, so I would have an idea of how many extra shares he is gonna throw out in the market.

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=sli.v

From the financials of May 31, 2010;

Outstanding options

333,320 @ .15 expiry mar 6/11

1,351,660 @ .15 expiry Jul 30/11

No other insider has sold recently, only him. I understand his pay is in the form of options, BUT, I do not like the way he sells. I have watched the trading on the days he sells and the shares are just sold at market, with what appears little consideration of the sp. I understand that he has to live also and I do not know his personal circumstances, but hey, if your reading this, have some consideration. All of us loyal shareholders are supporting our investment and it isn,t nice to see this when we are trying so hard to get rid of the shorters and sp manipulators.

All I ask is that you control your selling with asks rather than a market sell.

Thank-you

Sculpin