LAVAL, June 7 /CNW/ - Stellar Pacific Ventures Ltd. (TSX Venture Exchange symbol: SPX) is pleased to announce the acquisition of the surface rights of lots 38, 39 40A of the Vassan project located in Vassan township in the Val d'Or mining camp. The company is earning 100% interest by paying $50,000.00 and issuing 100,000 shares of its capital to the vendor. The 3 lots are located on the west end of the Vassan property and cover the Hamelin zone where significant results were obtained in recent drilling programs (60.4 g/t Au and 59.9 g/t Au (see press releases dated January 23 and March 22, 2006). Drilling is in progress at this time. The company has decided to acquire the surface right of this part of the Vassan property as the Hamelin zone is increasing in size with every new drill program and might eventually be amenable to economic production. The company hold an option to earn 51% interest of the mining rights of Vassan property by issuing 600,000 shares of its capital and completing $1,000,000 in exploration over a period of three years (See press release dated October 11, 2005). The company should earn its 51% interest before end of 2006. The Vassan property consists of 7 claims totalling 280 hectares in range 2 of Vassan Township. It is strategically located near several present and past producers including the Siscoe mine, directly to the south of the property, the Kiena mine, located 5 km to the south-west of the property and the Sullivan mine, located 3.5 km to the south-east of the property and finally the Wesdome development project located some 3 km to the west of the project. 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.