Stellar Pacific Completes a $265,000 Financing

FOR IMMEDIATE RELEASE Symbol: SPX – TSX V

STELLAR PACIFIC COMPLETES A $265,000 FINANCING

Montreal, June 15, 2010 – Stellar Pacific Ventures Inc. (“Issuer” or “Corporation”) is pleased to announce the completion of a $265,000 non-brokered 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.

In connection with this private placement, a commission of $10,000 and 200,000 broker warrants will be paid to Canaccord Financial Inc. Each broker warrant allows Canaccord to purchase one additional common share of the Corporation at a price of $0.05 at any time during the 24-month period following the closing date. This financing is subject to the approval of the TSX Venture Exchange.

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]