Vancouver, B.C. February 16, 2011 Lori McClenahan, President, St. Elias Mines Ltd. (SLI – TSX:V) (“St. Elias” or the “Company”), is pleased to announce that the Company has received 3D data and images generated from Quantec Geoscience Limited (“Quantec”) with respect to the Stage 2 Titan 24 survey conducted at the Tesoro Gold Project (the “Property”) in Peru.


Work is continuing by Company consultants, an independent engineering firm and Quantec to interpret all data received from both Phases of the Titan 24 Surveys. This work includes but is not limited to “stitching or splicing” the 3D images into a single image that covers the entire Tesoro Project, and constraining (correlating) the 3D geophysical data to known geological structure, gold mineralization, geology and alteration.


Results will follow shortly.


For further information on the Stage 2 Titan 24 survey please refer to Company news release dated September 16, 2010 (SLI News Release 2010-36) or the current 43-101 report available on SEDAR.COM.


For additional information on St. Elias and its projects, please visit us at or call 1-888-895-5522 (toll free US and Canada) or contact:


European Investor Relations U.S. Investor Relations

Nicholas Fuller Herbert

Haft Nick Fuller & Associates

The Haft Group, Inc.

Tel: 011-44-207-256-5204

Tel: (212) 759-8865





Lori McClenahan,


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