Trading Symbol: SLI (TSX Venture Exchange)

EKL (Frankfurt Exchange)

SELSF (U.S. Clearing Symbol)

May 28, 2013

NEWS RELEASE

St. Elias Mines Ltd. - Hearing Concludes in BC Supreme Court - Decision under Reserve

Vancouver, B.C.  May 28, 2013 St. Elias Mines Ltd. (SLI-TSX-V) (the "Company") reports that the hearing of the Hastman Petition has concluded in BC Supreme Court.  The Petition was heard over a period of 6 days from May 7 through May 28, 2013.  The presiding judge, Mr. Justice Steeves, reserved his decision in this matter. The Company expects the decision to be delivered soon.  When the decision is delivered, the Company will provide a further update.

 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, CEO and Director

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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