Stellar Pacific Ventures Inc.: Private Placement

Stellar Pacific Ventures Inc. ("Stellar"), (TSX VENTURE:SPX) announces that is
has closed the second tranche of a non-brokered private placement, April 17,
2012, raising gross proceeds of $124,000 through the issuance of 1,550,000 units
priced of $0.08 each. Each unit consists of one common share and one half of one
common share purchase warrant entitling the holder to purchase one additional
common share, for a period of 18 months from closing, at a purchase price of
$0.15 each. The proceeds will be used to advance Stellar's Balandougou project
in Guinea, West Africa.


In connection with the private placement a finder's fee in the amount of $8,400
was paid in cash and 105,000 finder's warrants were issued. Each
non-transferable finder warrant entitles the holder to purchase one common share
of Stellar at a price of $0.08 for a period of 12 months from closing.


All securities issued pursuant to the private placement are subject to a
four-month and one day hold period and the private placement is subject to
approval by the TSX Venture Exchange.