(via Thenewswire.ca)

Vancouver, B.C. / TNW-ACCESSWIRE / July 3, 2014 / St. Elias Mines Ltd. (SLI-TSX-V) announces that the Company was not in a position to pay the vigencias (annual fees due to the Peruvian government) required to keep its Peruvian properties in good standing and, as a result, the claims comprising the Tesoro and Vilcoro properties have lapsed.

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) or contact:

ST. ELIAS MINES LTD.

(signed "Lori McClenahan")

Lori McClenahan,

President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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