NWT Mineral Exploration

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Stellar Pacific Visit to Maying Project
9/15/04

LAVAL, Quebec, Sep 15, 2004 (BUSINESS WIRE) --
Stellar Pacific Ventures Inc undertook a final phase preview visit to set up the new joint venture company with Maying Gold Mines in China.

The Company is pleased to announce that the new Canadian joint venture team has made a joint visit to the Maying Gold Mine during the week of August 24th to September 2nd , 2004,. The joint visit was done by the Presidents of the joint venture parties, Malcolm Fraser, President of Tearlach Resources inc, Michel Lemay, President of Stellar Pacific Ventures Inc., and Dr. Jacques Trottier, PhD, P. Geo, director of the Company.

Conclusions drawn from the trip were:

a) The granted Mining License with an established 150 metric tonne per day mill allows the joint venture to recommence production immediately; andb) Previous government policy restricting gold exploration and development to government agencies and a significant prior military presence have, to date, effectively prevented systematic mineral exploration.c) The Little Quinling Mountain area, which includes the Maying permit area, is part of a gold rich tectonic front traversing central China that meets proven geologic model criteria for gold and polymetallic mineralization.d) Discovery of a 30 meter wide gold-bearing shear zone up to 3.5 km long within the Maying permit area opens the possibility for development of major tonnage of economic ore
An on-site inspection was made of the Maying mill, mine site and the new South Adit development, currently 100 meters long, being driven parallel in the footwall of a 30 meter wide mineralized shear zone. This shear zone appears to be the same structure currently being mined over the past 5 years by adjoining Shangguan Gold Mine (500 mt/d) and Ganshu Gold Mine (150 mt/d), and traverses approximately 3.5 kilometers of the Mining Mining permit.

The size and continuity of the shear zone suggests excellent potential exists for delineation within the Permit area of a substantial resource tonnage of economic grade.

On the Maying and adjoining Ganshu and Shangguan properties approximately 17 mineralized fracture/shear zones have been identified. These zones have been evaluated by the Chinese Government geologists to contain 172,736 tonnes with a grade of 6.08 grams per tonne of gold. Based on their assessment of the existing mineralization, the Chinese geologists have set a target of 100 tonnes (3.2 million troy ounces) of gold for the sector (including the Maying, Shangguan and Ganshu mines). Current reserves are approximately 20 metric tonnes (643,000 troy ounces) of gold. These reserves are derived largely from the Shangguan and Ganshu mines to 250 meters of depth

The Maying mine and 150 tonne flotation mill are currently on standby status pending transfer of the existing Mining License and two issued Exploration Licenses into the name of the new Sino Canadian Joint Venture Corporation, which will be the Chinese operating entity.

The Maying mine and the South Adit are located in the upper portion of a very large massive to amygdular andesite volcanic pile ("greenstone") which extends more than 10 kilometres to the south.. Mineralization observed in a 4 kilometre development road traverse from the Maying Mine to the South Adit suggested the volcanic host rock is a sub-aerial extrusive event (shallow undersea, possible island-arc provenance), demonstrating a sulphide-rich system Mineralization indicators suggest a suitable host environment for massive polymetallic sulphide emplacement, in addition to the structurally controlled gold mineralization.

An aggressive surface and underground exploration program is being developed for the next two years, to run in parallel with a planned re-activation of the existing mill with a capacity upgrade. Development of the Maying Mine and South Adit locations are planned as sources of mill feed. Capacity operation of the upgraded mill should provide adequate cash flow to fund the exploration program.

The company has also concluded an agreement with Tearlach Resources Inc. (TEA) to form an equal joint venture for the financing, development and management of the Sino Canadian Joint Venture Company, which will own the project. (See press release dated August 24, 2004). The directors of Stellar are very pleased to have on its development team two specialists with Dr Jacques Trottier and M. Malcolm Fraser, both possessing extensive backgrounds in geology and mine development.

The TSX Venture Exchange has in no way approved or disapproved the contents of this press release.

Stellar Pacific Ventures Inc. (TSX VENTURE:SPX)

SOURCE: Stellar Pacific Ventures Inc.

Stellar Pacific Ventures Inc. Michel Lemay President [phone]

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