Goldstrike Resources Ltd.
TSX VENTURE : GSR
PINKSHEETS : APRAF
FRANKFURT : KCG1

Goldstrike Resources Ltd.

December 16, 2011 15:50 ET

Goldstrike Rights Plan Approved/New CEO Appointed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2011) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) is pleased to report that the Shareholder Protection Rights Plan adopted on November 15, 2011 and announced on November 16, 2011 was unanimously approved by the Company's shareholders at the Company's Annual General and Special Meeting of shareholders held on December 15, 2011.

At the Meeting, the shareholders also re-elected Reimar Koch, Lawrence (Larry) Dick and Yilu (Lucy) Zhang to the board of directors and elected Terrence (Terry) King as a new director to replace Ian Adam, who will remain with the Company in an advisory capacity. At the post-AGM meeting of directors, Mr. King was appointed Chief Executive Officer and Chairman of the Board. Mr. King is a principal of the Vancouver law firm Holmes & King, and has a background in corporate finance and securities. He has served as director and/or officer of, and advisor to, numerous public companies carrying on mineral and oil and gas exploration activities over the past 25 years, and is currently Chief Executive Officer and a director of Petro One Energy Corp. (TSX VENTURE:POP).

The shareholders also re-appointed Dale Matheson Carr-Hilton Labonte LLP as the Company's auditor and approved an amendment to the Company's Stock Option Plan to increase the number of shares available for the grant of options to 10,354,751 shares.

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

ON BEHALF OF THE BOARD

Reimar Koch, President

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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