If you listen to the CC Lori gives us more info than we think about where the drilling took place.

I get my FACTS here not from speculation or anyone else.

http://www.steliasmines.com/storage/news_releases/Sli-News-2007-13-FINAL.pdf

NEWS RELEASE

TESORO GOLD PROJECT, PERU

17.24 oz/t Gold at Zona Central

Lori McClenahan, President of St. Elias Mines Ltd. (the “Company”), is pleased to announce

additional results from the ongoing underground exploration and development program at Zona

Central at the Tesoro Gold Project (the “Property”) located in southwestern Peru. A channel

sample from a quartz vein exposed within the A-4 Vein System of Zona Central returned

681.0g/t Au (19.65 opt) across 37cm and a duplicate check sample returned 37cm of 591.0g/t

(17.24 opt) gold.

To date, 20 quartz-vein samples have been collected from the A4 Vein System and submitted for

coarse metallic assay. The average grade of the 20 samples is 2.37 opt gold. The average width

of the vein samples is 30.4cm (about twice the average width of the C1 Vein). It is important to

note that the average grade does not include the duplicate check sample (17.24 opt) and that

there is often more than one vein exposed at the levels sampled.

A channel sample taken from the A-4 shaft at the 10-m level assayed 681.0g/t Au (19.65 opt)

gold over 37cm. A duplicate sample (taken to verify the initial sample) assayed 591.0g/t (17.24

opt) gold over 37cm. The contribution due to coarse gold is virtually identical in both samples

(15.57% in the initial sample and 15.60% in the duplicate sample). Coarse gold contributed 3.09

opt and 2.69 opt, respectively, to the samples.

Additional results include 71.6g/t (2.09 opt) gold over 1.0 metre with a contribution of 12.5%

due to coarse gold from the 10m level and 11.87 opt gold over 25cm with a contribution of only

1.47% due to coarse gold from the 30m level.

In addition to gold occurring in the quartz veins, it also occurs in adjacent rock units (the

andesite dyke, fault gouge and fresh granodiorite.) Of 11 samples of “andesite dyke”, the

average grade is 1.73g/t gold (range 0.02 to 10.0g/t gold) across an average width of 82cm. Of

11 samples of “fault gouge”, the average grade is 4.46g/t gold (range 0.05 to 24.7g/t gold) across

an average width of 30cm. Of 6 samples of “fresh granodiorite”, assays range from 60ppb gold

to 870ppb (0.87g/t) gold, with an average grade of 0.36g/t gold across an average width of 40cm.

This low-grade material is being stockpiled on surface for possible future processing.

Development work on the A-4 Vein System is ongoing. The A-4 shaft is currently at a depth of

40m. Page 2

The A-4 Vein System, comprising two to three known veins, is part of eight other main veins (or

vein swarms) with an aggregate length of approximately 3,000m, within an area measuring

1,000m x 1,200m, that comprise Zona Central. On surface, the A-4 Vein System extends for at

least 650 meters, has a northwesterly strike and varies in width between 25cm and 43cm.

Zona Central, located within the northern area of the Property, is one of five gold-bearing zones

identified to date on the Property. A map showing the location of the Zones within the Property

can be viewed at http://www.steliasmines.com/properties/PeruFig3.pdf.

Mr. Hobbes