Goldstrike Completes $1,477,875.30 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2012) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) is pleased to announce that its non-brokered private placement announced on June 13, 2012 completed on June 15, 2012. The Company has raised $1,477,875.30 by issuing the following:

750,000 units at the price of $0.75 per unit to raise gross proceeds of $562,500.00. Each unit is comprised of one flow-through common share and one non-flow-through common share, with $0.40 of the subscription price allocated to the flow-through share and the other $0.35 of the subscription price allocated to the non-flow-through share.

2,615,358 units at the price of $0.35 per unit to raise gross proceeds of $915,375.30. Each unit is comprised of one common share and one-half of a share purchase warrant. Each full warrant entitles the holder to purchase one additional common share at the price of $0.80 until June 15, 2014, subject to acceleration at the Company's option if its shares close at $1.20 or higher for ten (10) consecutive trading days at any time after four months after Closing.

The Company has paid to Aberdeen Gould Capital Markets Ltd. and its selling group, in the aggregate, cash finders' fees totaling $88,672.52, which is equal to 6% of the gross proceeds from the offering. In addition, the Company has issued finder's warrants exercisable to purchase 201,921 shares, which is equal to 6% of the number of shares issued by the Company pursuant to the offering. Each finder's warrant is exercisable at the price of $0.35 until June 15, 2014, subject to acceleration at the Company's option if its shares close at $1.20 or higher for ten (10) consecutive trading days at any time after four months after Closing. All shares issued pursuant to the offering and any shares issued pursuant to the exercise of finders' warrants will be subject to a four-month hold period expiring at midnight on October 16, 2012.

The net proceeds from the financing will be used to fund the Company's 2012 exploration program on its Yukon mineral properties, including a drilling program, and for general working capital.

Goldstrike is a well-financed mineral exploration company with multiple discrete exploration projects in the Yukon. For more detailed information on the Company and its projects, please refer to Goldstrike's web site at www.goldstrikeresources.com.

ON BEHALF OF THE BOARD

Terrence E. King