Mr. John Pollock

October 04, 2007 14:53 ET

John Pollock Transfers Shares of Newstrike Resources Ltd.

TORONTO, ONTARIO--(Marketwire - Oct. 4, 2007) - Mr. John Pollock of Suite 902, 33 Delisle Avenue, Toronto, Ontario, announces that he has transferred ownership of 400,000 common shares of Newstrike Resources Ltd. ("Newstrike") to immediate family members in a private transaction for personal planning purposes. These holding represent approximately 2.9% of the issued and outstanding common shares of Newstrike as of October 4, 2007. As a result of this transfer, Mr. John Pollock holds, as of October 4, 2007, an aggregate of 5,640,500 common shares and 200,000 stock options of Newstrike, representing approximately 40.7% of the issued and outstanding common shares of Newstrike as of October 4, 2007 (or 41.5% calculated on a partially diluted basis assuming exercise of the above-noted stock options only).

This transaction was effected for personal planning purposes and Mr. Pollock could increase or decrease his investments in Newstrike at any time, or continue to maintain his current investment position, depending on market conditions or any other relevant factor.

Additional Information

Additional information regarding Newstrike is available on Newstrike's website at www.newstrikeresources.com and on www.sedar.com. A copy of the applicable securities report filed in connection with the matters set forth above may be obtained through Newstrike's offices by contacting:



Donald Rankin, Director
Newstrike Resources Ltd.
360 Bay Street
Suite 500
Toronto, Ontario
M5H 2V6

Tel: (416) 628-6556
Fax: (416) 628-5911


The TSX Venture Exchange has not reviewed does not accept responsibility for the adequacy or accuracy of this release.

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