Sli-News-2009-06-Stockhouse-FINAL by wuyunqing

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									  Suite 314 – 800 West Pender Street                                    Telephone:   (604) 669-4677
  Vancouver, British Columbia                                           Facsimile:   (604) 669-9626
  Canada V6C 2V6                                                        Toll Free:   (888) 895-5522




                                         Trading Symbol: TSX-SLI
                                       Web Site: www.steliasmines.com




                                                       Trading Symbol: SLI (TSX Venture Exchange)
                                                                         EKL (Frankfurt Exchange)
                                                                     SELSF (U.S. Clearing Symbol)
                                                                                 News Release 2009-06
                                                                                    February 17, 2009


                                       NEWS RELEASE
                          St. Elias to Sue Stockhouse Poster for Defamation

Lori McClenahan, President of St. Elias Mines Ltd. (“St. Elias” or the “Company”), announces
that St. Elias and its President, Lori McClenahan, intend to join those companies that have sued
for defamation as a result of on-line bulletin board postings. Recently, a Stockhouse poster,
using the pseudonym “Elbandito”, placed false and defamatory comments on a forum about the
Company’s President which has been removed by Stockhouse at the request of St. Elias. The
Company has grounds to file a libel action with the Courts to seek general and aggravated
damages, as well as punitive damages. There is a need to deter irresponsible, self-interested,
malicious postings and the courts have, in the past, looked down upon libellous material found in
on-line postings. As an example, Justice C.A. Kent awarded oil and gas producer Vaquero
Energy Ltd. and its president, Robert Waldner, a total of $75,000 in damages over defamatory
Stockhouse posts and the Ontario Superior Court of Justice awarded Barrick Gold Corp.
$125,000 after the company was libelled on an Internet chat site.

ST. ELIAS MINES LTD.

(signed “Lori McClenahan”)

Lori McClenahan,
President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the
accuracy of the contents of this document.

								
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