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That's also new to me. Must have missed something somewhere, Can you bring us up to date please Sculp.

Thanks

ST. ELIAS MINES LTD.

FORM 51-102F1

MANAGEMENT’S DISCUSSION AND ANALYSIS

(April 27, 2011)

For the Quarter Ended February 28, 201

The Vilcoro Gold Property comprises 1,600 hectares and is owned 50% by St. Elias and 50% by

Emilsen Medina Inga de Brophy ("Emilsen").

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