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Stelmine Canada Ltd.: Stelmine Canada Ltd.: Admendment of Stock Options

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^{Published in Business and Finance on Tuesday, December 2nd 2008 at 11:31 GMT by Market Wire}  

MONTREAL, QUEBEC--(Marketwire - Dec. 2, 2008) - Stelmine Canada Ltd. ("Stelmine" or the "Corporation") (TSX VENTURE:STH) announces that it has amended the exercise price of a total of 650,000 options granted to its directors and consultants on June 6, 2008 pursuant to its stock option plan. Each option shall now entitle its holder to subscribe to one additional common shares of the share capital of Stelmine at a price of $0.25 per share for a period of five years.

The vesting and hold periods of the stock options are subject to the Policy 4.4 of the TSX Venture Exchange and to the Corporation's incentive stock option plan.

Stelmine is a junior mining exploration corporation, the securities of which are listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold deposits.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.