Strathmore Minerals Corp.
TSX VENTURE : STM

Strathmore Minerals Corp.

October 02, 2007 09:00 ET

Strathmore Has No Exposure to Sub-Prime Mortgage Paper: 20F Filing Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 2, 2007) - Strathmore Minerals Corp. ("Strathmore" or "the Company") (TSX VENTURE:STM) announces that it has no exposure to sub-prime mortgage paper. Strathmore's cash position is managed by two portfolio managers who have reported "minimal volatility" in the Company's investment holdings. At August 31, 2007, the Company's cash and investment position stands at approximately $19.1 million, which is invested in a diversified fixed income portfolio of government backed and corporate securities.

Strathmore Minerals Corp. also wishes to advise shareholders that it has completed its Securities Exchange Act registration with the US Securities and Exchange Commission. The Company's filings can be viewed at: Strathmore Minerals Corp. (0001310287) (please refer to this news release on the Company's website at www.strathmoreminerals.com for hyperlink).

This voluntary registration requires the Company to submit timely filings on Form 6-K and Form 20-F to the SEC and places the Company under the regulatory jurisdiction of the SEC. Management believes that such increased availability of corporate data will assist investors in the United States to better evaluate the Company.

The Company is presently reviewing alternatives for an exchange listing in the United States.

Strathmore Minerals Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties. Headquartered in Kelowna, British Columbia, Strathmore also has U.S. based development offices in Riverton, Wyoming and Santa Fe, New Mexico. Strathmore's Common Shares are listed on the TSX Venture Exchange under the symbol "STM".

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

ON BEHALF OF THE BOARD

Dev Randhawa, Chairman and CEO

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

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