Goldstrike Resources Ltd.

Goldstrike Resources Ltd.

August 09, 2013 16:15 ET

Goldstrike Completes Purchase of Strike Mineral Claims

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 9, 2013) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) is pleased to report that it has completed its acquisition of the 39 "Strike" mineral claims announced on July 26, 2013. The Strike claims are contiguous with the "Lucky Strike" property, located approximately fifteen kilometers east of Kinross's Golden Saddle deposit in Canada's Yukon Territory.

The acquisition of the Strike claims completes the Lucky Strike claim block. In accordance with its November 23, 2010 agreement with Petro One Energy Corp. ("Petro One"), pursuant to which the Company has the right to acquire a 70% interest in the Lucky Strike claim block, the Company has given notice of the acquisition to Petro One. Under the "area of interest" provision in that agreement, unless Petro One notifies the Company within 60 days that it does not wish to acquire an ownership interest in the Strike claims, those claims automatically become part of the Lucky Strike property and are subject to the Lucky Strike option in favor of Goldstrike. Petro One has advised the Company that it does wish to make the Strike claims part of the Lucky Strike property. Accordingly, at the end of sixty days the claims will be transferred into the name of Petro One and become subject to the Lucky Strike option. Details of that option are set out in the Company's MD&A.

Goldstrike is a mineral exploration company with multiple discrete exploration projects in the Yukon. For more detailed information on the Company and its properties, please visit Goldstrike's web site at


Terrence E. King, President and Chief Executive Officer

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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