Goldstrike Resources Ltd.
TSX VENTURE : GSR

Goldstrike Resources Ltd.

September 02, 2011 19:30 ET

Goldstrike Sets Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2011) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(FRANKFURT:KCG1)(PINK SHEETS:ADRAF) has granted incentive stock options exercisable to purchase up to an aggregate of 1,100,000 shares of the Company to six independent consultants who provide geological and other field services to the Company. All of the options are exercisable at the price of $0.75 per share.

100,000 of the options vested on the grant date and are exercisable until August 19, 2021. 250,000 options vested on the grant date and are exercisable until August 30, 2021. 300,000 options will vest in twelve equal installments over 36 months and, upon vesting, will be exercisable until August 30, 2021. The remaining 450,000 options will vest in twelve equal installments over 36 months and, upon vesting, will be exercisable until August 30, 2016. All options are subject to early termination in accordance with the terms of agreements between the optionees and the Company.

All option grants are subject to acceptance by the TSX Venture Exchange. Shares issued pursuant to the exercise of such options will not be subject to resale restrictions.

Goldstrike is a well-financed mineral exploration company with twenty-four 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.

Contact Information

  • Goldstrike Resources Ltd.
    Jeff Stuart
    (604) 681 1820 or Toll-Free (877) 566 9089
    (604) 681 1864 (FAX)
    info@goldstrikeresources.com
    WWW.GoldStrikeResources.com