SPX Stellar AfricaGold Inc

STELLAR PACIFIC VENTURES INC. ("Stellar" or "the Company") (TSX VENTURE:SPX) is
pleased to announce that the proposed consolidation of its common shares (the
"Shares") and the proposed name change to "Stellar AfricaGold Inc." / "Stellar
OrAfrique inc." were approved by special resolution, with respectively 94.79%
and 99.14% of the votes in favour, at the Annual and Special Meeting of
Shareholders held on February 22, 2013. The Share consolidation and the change
of name remain subject to the approval of the TSX Venture Exchange. In addition,
management is pleased to report that the four nominees proposed for election -
Maurice Giroux, Raymond Cloutier, John Ryan and Jean-Francois Lalonde - were
elected to the Board of Directors.


Mr. Maurice Giroux, CEO of Stellar and Qualified Person, indicated that
Stellar's new corporate name better reflects its primary mission, which is to
target, explore and develop gold deposits in Africa. As for the Share
consolidation on a 10-for-1 basis, although it will have no impact on the
Company's intrinsic value, it should facilitate its future financing. 


"It will make it easier for us to continue developing the significant potential
of the Balandougou property, in Guinea, and the Namarana project in Mali, into
which a fair amount of cash and energy has already been invested. Stellar is a
real venture, the money goes to the right place and exploration is our business.
With the results obtained so far, we feel like those projects can possibly
develop into gold mines and we wish to continue the work already well engaged.
The Balandougou project in Guinea has already received more than $5.0 million in
exploration expenditures in the last three years; so far, three extensive gold
structures have been discovered and drilled and a dozen more gold occurrences
are lined up for follow up. In order to consolidate the gold mining potential of
Balandougou, the Company recently mandated AECOM Inc. to proceed with a
systematic data compilation and interpretation. The final report and
recommendations for further work are expected by the end of March 2013.
Furthermore, the Company wishes to increase its land position in West Africa and
is currently evaluating and discussing different acquisition targets," the CEO
added. 


Stellar will proceed with the Share consolidation on the basis of a
consolidation ratio of (10) pre-consolidation Shares for one (1)
post-consolidation Share. At this time, there are 130,124,269 Shares issued and
outstanding. Pursuant to the consolidation, the Company will have 13,012,427
Shares outstanding. All outstanding options and warrants will be adjusted
accordingly. Registered shareholders will be advised of the effective date of
such changes and will be provided with instructions for the exchange of
certificates. The Company expects its shares to continue trading under the
ticker symbol "SPX" on the TSX Venture Exchange.


ABOUT THE BALANDOUGOU AND NAMARANA PROPERTIES

The BALANDOUGOU project in Guinea is a 49% / 51% joint venture between Stellar
Pacific Ventures and partner Ultragold Holding based in Denver Colorado. The
Balandougou property is located 100 kilometres north of Siguiri in Upper Guinea
at the Mali border. It is comprised of four contiguous exploration licences that
cover an extensive area of 606 km2. So far, exploration effort lead to the
discovery of three extensive gold structures cumulating more than 2,200 line
metres of gold mineralization.


The NAMARANA exploration licence covers an area of 120 km2 and is located in
Mali, in the KANGABA circle near the Guinea border, just east of the BALANDOUGOU
project. So far, stream sediment geochemistry by bleg method and full airborne
magnetic and radiometric coverage as well as rock and soil geochemistry have
been performed on the entire property. The Namarana property is currently at
drilling stage with promising targets. 


ABOUT STELLAR PACIFIC VENTURES

Stellar Pacific Ventures (TSX VENTURE:SPX) is a Canadian-based mining
exploration company whose primary mission is to target, explore and develop gold
deposits In Africa. Stellar is dedicated to creating growth by discovering and
mining the earth's resources in an efficient and environmentally responsible
manner.


The Company is currently developing the promising gold potential of the
Balandougou property in Guinea, which is at an advanced exploration stage, as
well as the Namarana project in Mali. The exploration licences held by Stellar
and its partners cover 1,100 km2 located entirely on the West African Birimiam
Gold Belt. 


Stellar also holds a 10.5% equity interest in TomaGold Corporation Inc., a
Canadian mining company active in the exploration of gold properties in Northern
Quebec. 


The technical content of this press release have been reviewed and approved by
Mr. Maurice Giroux, a Qualified Person as defined in NI 43-101n.


NEW COMPANY WEBSITE 

The Company is pleased to inform shareholders that its new website is now on
line at www.stellarpacific.ca 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maurice Giroux
President and CEO
Stellar Pacific Ventures Inc.
514-866-6299
514-866-8096 (FAX)
ress.stellar@bellnet.ca

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