Stellar Pacific to option gold deposit

MONTREAL, June 23 /CNW Telbec/ - Stellar Pacific Ventures Inc has
concluded an agreement with Vantex Resources Inc (VTX) in witch the company
has the option to acquire 50% interest in Heva gold mine property located 20
kilometers east of Rouyn Noranda. This property consists of two lots covering
200 acres in the Joannes Township.
In order to acquire 50% interest, Stellar Pacific Venture Inc will issue
to the vendor 500,000 common shares of the company and make exploration work
for $500,000 on two years period.
The Heva mine property is accessible by provincial road 117 and located
near the Cadillac fault, a major fault associated with many gold mines in this
area, Doyon, La Ronde and Lapa. The Heva gold mine property has gold resources
accessible by a 243 meters vertical shaft built in 1987 with more than 1,000
meters of galleries.
The property contains the Heva deposit estimated by Claude Larouche, BSc,
MSc, Eng, (1985 GM-4786) independent consultant for New Goldcore Ventures and
Amberquest Resources Ltd., at an undiluted 757,013 tons grading 6.77 grams per
ton Au classified as drill-indicated resources as they were calculated with an
isovalue method. Detailed resource estimates and reports on exploration
activities were filed by the concerned companies and are available at the
MinistGere des Ressources Naturelles du QuDebec for consultation.
The above estimate represents historical data as defined by National
Instrument 43-101, meaning that they were calculated before creation of
National Instrument 43-101. The application of National Instrument 43-101 will
serve as a resource evaluation tool. The company does not guarantee in any way
to the investor that this property will be put into production.
For now, company's management has to rely on the historical data but
Stellar has not done the work necessary to verify the classification of the
resource and is not treating them as a National Instrument 43-101 defined
resources or reserve verified by a qualified person and these historical
estimates should not be relied upon.
Ore material previously processed from Heva mine property has
demonstrated that this deposit does not have problems related to the presence
of arsenopyrite and has gold recovery rate of 97% by cyanide process. In 1952,
35,700 tons grading 6.93 grams per ton has been milled. Following a
disagreement, the project was abandoned until 1978. From 1978 to 1987 Soquem,
Goldcore Ventures and Amberquest resources had done some work on the property
such as drilling and the vertical shaft and galleries.
The drilling done on this property shows a very interesting gold
potential. Most of the drill holes were done less than 400 meters deep; one of
the drill holes located under the main deposit at 395 meters deep, has
intersected a porphyric sill containing quartz phennocrystals and feldspath
and returned grades of 8.38 grams per ton in the two last meters.
The Heva mine property fits perfectly into our strategic development plan
in QuDebec which is to acquire and develop properties at different levels of
development.
After completing its option, Stellar will form a Joint Venture company
with Vantex Resources inc in order to bring into production the Heva mine
property.

Stellar Pacific Venture Inc. is a junior mining exploration company
listed on the TSX-V whose primary objective is to develop and bring into
production viable gold deposits.

"Michel Lemay"
--------------
Michel Lemay
President

The TSX Venture Exchange has in no way passed on the merits of the
proposed transaction and has neither approved or disapproved the contents of
this press release.