Stellar Pacific Completes a $300,000 Financing

FOR IMMEDIATE RELEASE Symbol: SPX – TSX V

STELLAR PACIFIC COMPLETES A $300,000 FINANCING

Montreal, July 23, 2010 – Stellar Pacific Ventures Inc. (“Issuer” or “Corporation”) is pleased to announce that it has completed the previously announced $300,000 nonbrokered private placement. Each unit, at a cost of $0.05, includes 1 common share of the Corporation at a price of $0.05 and 1 common share purchase warrant of the Corporation. Each warrant allows the purchase of one additional common share of the Corporation at a price of $0.10 at any time during the 24-month period following the closing date. The shares to be issued are subject to a four-month minimum hold period.

Two insiders will participate to the financing for a total amount of $150,000. This transaction is subject to the approval of the TSX Venture Exchange.

In connection with this financing, a $15,000 finder’s fee commission will be paid out to an arm’s length party.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Stellar Pacific Ventures Inc.

Maurice Giroux, CEO Tel: 514-866-6299 E-mail: [email protected]