MONTREAL, QUEBEC--(Marketwire - April 20, 2012) - 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.