AccelRate Power Systems Inc.
TSX VENTURE : AXP

AccelRate Power Systems Inc.

June 20, 2011 19:46 ET

AccelRate Receives Notice of Final Acceptance of Change of Business/Changes Name

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2011) - AccelRate Power Systems Inc. (TSX VENTURE:AXP) announced on June 17, 2011 that its proposed Change of Business ("COB") had been conditionally accepted by the TSX Venture Exchange (the "TSXV") and that the COB had completed.

The Company is now pleased to report that the TSXV has issued notice of final acceptance of the COB and that, effective June 22, 2011, the Company will commence to trade under its new name, "Goldstrike Resources Ltd.", as a Mineral Exploration company on Tier 2 of the TSXV. Its new trading symbol will be "GSR.V".

ON BEHALF OF THE BOARD

Reimar Koch, President

AccelRate Power Systems Inc.

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.

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