St. Elias Mines Ltd. Confirms Advance Notice of Dissident Nominees;
Provides Location for Annual and Special Meeting of Shareholders
VANCOUVER, British Columbia, Oct. 25, 2012 /PRNewswire/ -- St. Elias Mines
Ltd. ("St. Elias" or "the Company") (SLI - TSX.V) (Frankfurt
Exchange: EKL) (U.S. Clearing Symbol: SELSF), today confirmed that,
in accordance with its recently adopted Advance Notice Policy, it
has received notice that Mr. Gilby Len
Hastman, an electrician from Spruce Grove Alberta, intends to put forward
three nominees for election to the St. Elias Board at the
forthcoming Annual and Special Meeting of Shareholders (the
"Meeting").
The individuals proposed by Mr. Hastman consist of himself, his
brother Mr. Darcy Kim Hastman, also
an electrician, and a third individual, Ted
E.R. Rutherglen, who is employed as a Human Resources
Manager.
Based on the materials provided by Mr. Gilby Hastman to the Company, the three
potential nominees lack the qualifications necessary to lead St.
Elias, as their submission to the Company reveals absolutely no
experience or expertise in mineral exploration or corporate finance
and no prior service as a director of a publicly traded
company.
St. Elias informs shareholders that the Meeting scheduled for
Tuesday November 27, 2012 at
11 a.m. (Vancouver time) will take place at suite 2900,
550 Burrard Street in Vancouver.
St. Elias will provide more details to shareholders about this
Meeting and the Company's director nominees in its Management
Information Circular that will be filed and mailed to shareholders
shortly.
For additional information on St. Elias and its projects, please
visit us at www.steliasmines.com or call Danny Aaron at 1-888-895-5522 (toll free US and
Canada).
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.
This News Release may contain forward-looking statements
including, but not limited to, comments regarding the timing and
content of upcoming work programs, geological interpretations,
potential mineral recovery processes, etc. Forward-looking
statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such
statement
Telephone: (604) 669-4677
Facsimile: (604) 669-9626
Toll Free: (888) 895-5522
Web Site: www.steliasmines.com
SOURCE St. Elias Mines Ltd.