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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