SPX Stellar AfricaGold Inc

Stellar Pacific Ventures Inc. (TSX VENTURE:SPX) ("Stellar") The Board of
directors is pleased to announce that the TSX Venture Exchange has granted its
conditional approval for the release of 16,500,000 shares of Corporation
TomaGold ("TomaGold") out of the 22,000,000 shares held by Stellar, from the
escrow agreement dated December 22, 2011, entered into pursuant to the sale of
the Quebec properties to TomaGold. The Exchange acceptance is subject to the
escrow of all shares to be distributed to the "Principals" of TomaGold. These
shares are reserved for the special distribution in favour of Stellar's
shareholders. The residual 5,500,000 shares of TomaGold will remain in escrow
for the benefit of Stellar. Shareholders are urged to carefully review the
following information.


As previously announced, the record date for the distribution of the TomaGold
shares has been set at April 30, 2012 (the "Record Date") on which date the
TomaGold shares will be freely negotiable. All shareholders of Stellar, on the
Record Date, will be eligible to receive, pro rata to their shareholding in
Stellar, a portion of the 16,500,000 TomaGold shares to be distributed. As of
this day, Stellar's shareholders will receive 0.133 of a share of TomaGold for
each share owned in Stellar. The distribution ratio is based on the current
shares outstanding in Stellar, 123,914,269, and may be revised on the Record
Date to reflect any additional share issuances made prior to April 30, 2012.


No fractional shares of TomaGold will be issued and any fractions of a share
will be rounded to the nearest whole number of common shares provided that not
more than 16,500,000 common shares of TomaGold will be distributed. No action is
required to be taken by the shareholder; all registered shareholders will
receive a physical share certificate representing the TomaGold shares to their
registered address and non-registered shareholders will receive their shares in
book-entry form, directly in their account.


The shares of Stellar will trade ex dividend starting on April 26, 2012 which
means that persons acquiring shares of Stellar on or after April 26, 2012 will
not be eligible to participate in the distribution. The distribution of the
Tomagold shares is set to take place May 4, 2012.


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.

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