Stellar Pacific Ventures Inc. (TSX VENTURE:SPX) ("Stellar") is pleased to
announce the closing of a non-brokered private placement of $300,000 through the
sale of 3,750,000 flow-through units (each a "FT Unit" and collectively, the "FT
Units") at $0.08 each to the MineralFields Group ("MineralFields"). Each FT Unit
consists of one flow-through common share and one common share purchase warrant,
each whole common share purchase warrant entitling MineralFields to purchase one
additional common share of Stellar at the price of $0.12 during a period of 24
months following the closing date.


As consideration for the services rendered by Limited Market Dealer Inc. ("LMD")
in connection with the private placement, Stellar has paid to LMD a cash
finder's fee of $15,000 and issued 375,000 finder's options, each finder's
option entitling its holder to purchase one unit of Stellar (each, a "Finder's
Unit") at the price of $0.08 per Finder's Unit for a period of 24 months
following the closing date. Each Finder's Unit is comprised of one common share
and one common share purchase warrant exercisable on the same terms as the
common share purchase warrants comprising the FT Units.


"We are pleased to be entering into this relationship with MineralFields Group",
said Raymond Cloutier, President and CEO. "This is an important milestone in the
growth of Stellar Pacific Ventures Inc. and we look forward to working with
MineralFields Group as we develop holdings in the Quebec regions."


Proceeds of the private placements will be used by Stellar to incur exploration
expenditures on its properties located in the Province of Quebec.


About Stellar Pacific Ventures Inc.

Stellar is a junior mining company engaged in both domestic and international
mineral exploration and development. At present, Stellar has two major projects
in Quebec located in the Abitibi area.


About MineralFields, Pathway and First Canadian Securities (R)

MineralFields Group (a division of Pathway Asset Management), based in Toronto,
Vancouver, Montreal and Calgary, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. Pathway Asset Management
also specializes in the manufacturing and distribution of structured products
and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class
mutual fund series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities (R) (a division of Limited
Market Dealer Inc.) is active in leading resource financings (both flow-through
and hard dollar PIPE financings) on competitive, effective and service-friendly
terms, and offers investment banking, mergers and acquisitions, and mining
industry consulting, services to resource companies. MineralFields and Pathway
have financed several hundred mining and oil and gas exploration companies to
date through First Canadian Securities (R).
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