Stellar Pacific Ventures Inc.: Completion of the Sale of the Quebec Properties and Change of Record Date, Closing First Tranc...

Stellar Pacific Ventures Inc. (TSX VENTURE:SPX) ("Stellar" or the "Corporation")
is pleased to report that the sale of it's Quebec properties (170 claims) to
TomaGold Corporation (previously Carbon2Green Corporation) has been completed on
December 30, 2011. In exchange of the properties, Stellar will receive
22,000,000 shares of TomaGold Corporation (please refer to www.Sedar.com for
more details on the transaction). Mr. Maurice Giroux, President of Stellar, will
remain involved with TomaGold Corporation to oversee the development of the
Quebec properties.


The board also announced that the record date for the distribution of the
TomaGold Corporation shares declared by the Corporation's board of directors on
December 6, 2011 (initially set at January 12, 2012) has been changed and the
revised record date will be announced once all regulatory requirements have been
met.


The board is equally pleased to report that Stellar has completed a first
tranche of the private placement offering (announced December 14, 2011) on
December 30, 2011, and has raised gross proceeds of $306,500 through the
issuance of 3,831,250 units (the "Units") at a purchase price of $0.08 per Unit.
Each Unit is composed of one common share and one half (1/2) of one common share
purchase warrant (the "Warrant"). Each full Warrant entitles the holder to
purchase one additional common share in the capital of the Corporation for a
period of eighteen (18) months from the date of issuance, at a purchase price of
$0.15 per common share. A finder's fee of $8,750 was paid by the Corporation to
Macquarie Private Wealth Inc. ("MPW") in connection with the sale of Units where
MPW acted as intermediary. In addition, a Finder Option was issued to MPW
entitling MPW to purchase up to 109,375 Units for a period of 12 months. As
defined above, each Unit is priced at $0.08 and is composed of one common share
and one half (1/2) of one Warrant.


All securities issued in connection with the private placement are subject to a
four month and one day hold period. The Private Placement is subject to final
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. This news release may contain
forward-looking statements including but not limited to, comments regarding the
financing of Stellar, the distribution to its shareholders, the timing and
content of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc. Forward-looking
statements address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results and events may differ materially from
those currently anticipated in such statements.