STK

Strike Minerals Inc. ("Strike") (TSX VENTURE:STK) announces that the Company is
continuing the underground development at the Edwards Mine project and
commencing drilling at its Schreiber property.


The Edwards #1 vein extends from the surface. It is open in depth. On the 60
meter level, a drift length of 29.4 m has been driven on the Edwards #1 vein and
has an average grade of 25 g/t over a 1.5 m width. This zone aligns with
historical assays of 80 ft with an average grade of 0.4 oz/t over a 6.5 ft width
at the 30 m level from the old Edwards shaft. The company is reviewing the
results and assessing the feasibility of mining the block to generate revenue
for further development of the project. On the 60 m level the company has
intersected and has commenced drifting along the Edwards #5 zone. Assays are
pending on the first few rounds that have been completed.


Strike is developing the 90 m level cross-cut to intersect the New North 1, New
North 2, Edwards #3 and #5 veins, Rusty Weathered Zone and the Ploughman veins.
We have advanced this crosscut beyond where we anticipated encountering the New
North 2 zone.


Strike has established a mine refuge station on the 120 m level and has
established explosives magazines underground. We are opening a drift on the 120
m level to connect with the Shaynee zone. It requires minor pumping to
re-establish the level that historically has some significant volumes of high
grade material remaining untouched from the mining that ceased in 2001.


Surface infrastructure at the site has been significantly updated. Overhead
power lines from the main sub-station to a new secondary substation have been
installed. Additional support equipment has been purchased including a stand by
generator, an electric man carrier to provide transportation for supervision,
engineering, geology/sampling and electrical personnel to areas of the mine to
reduce the fan ventilation requirements so they can be focused as required in
the areas where diesel powered equipment including a 17 ton underground haul
truck, a 2.5 yard scoop tram, and a Long Tom, are operating.


At Schreiber the company has started road building to provide access to claims
immediately to the West of the GTA Afric zone drilling. The first two holes have
been spotted and a contract for a minimum of 1000m of drill has been agreed with
Discovery Drilling. The holes are designed to test for the western extension of
the Afric zone.


The Company has issued 625,000 shares as a payment for mining equipment to be
used at the Edwards Mine property. The shares have been issued at $0.08
reflecting the share price at the time of the agreement. The shares were
requested by the equipment provider. The equipment will be used to assist in the
current underground development work being conducted by Strike at the Edwards
mine.


All technical information in this press release has been reviewed and approved
by Mike Newbury, P.Eng., who is a Qualified Person ("QP") under National
Instrument 43-101. On site sampling was supervised by Bruce Staines, P. Eng.


ABOUT STRIKE

Strike Minerals is a TSX-V listed company that is engaged in the exploration and
development of precious metal properties in Canada. Its primary property is the
former producing Edwards Gold Mine property in the Goudreau - Lochalsh Gold Camp
near Wawa Ont. Historic production in the camp between 1930 and 2001 is
estimated at 500,000 ounces. Between 1996 and 2001 underground development was
completed through a decline to a depth of approximately 290 m and mining over
the period resulted in 145,000 oz being produced from the Edwards property at an
average grade of 0.39 opt. Subsequent drilling on the property has delineated an
additional five zones that have significant gold mineralization. At present
Strike is has dewatered the underground workings below the 120 m level and is
now continuing underground drifting on both the 60 m and 90 m level and is
drifting on both the Edwards #1 and #5 zones with the plan to be in production
by the end of 2012.


Strike also has a large land position in the Hemlo West area near Schreiber,
Ont. The property has a number of historic producers that produced small
tonnages of very high grade gold mineralization, averaging approximately 18-25
g/t gold, between 1935 and 1937 generally associated with shear zones in the
region. These shear systems have seen very little modern exploration, and drill
testing at or near a prominent syenite volcanic contact is considered highly
prospective for the discovery of additional gold mineralization. Strike will
conduct an initial program of surface geological and alteration mapping on the
Property with a goal of increasing the understanding of the geologic and
structural relationships on the Property in preparation for drill testing to
assess the extent and value of the mineralization.

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