Newstrike Capital Inc.
TSX VENTURE : NES

Newstrike Capital Inc.

November 29, 2010 20:53 ET

Newstrike Appoints Robert Withers to Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Newstrike Capital Inc. (TSX VENTURE:NES) ("Newstrike" or "the Company")www.newstrikecapital.com is pleased to announce the appointment of Mr. Robert K. Withers to the Board of Directors. Mr. Withers is a past Director of HSBC Capital (Canada) Inc., where he advised senior management teams across a broad range of industries with respect to key corporate decisions and events including acquisitions, financings and divestitures. Mr. Withers is currently Chairman of PRT Forest Regeneration Income Fund and is an honours graduate of the University of British Columbia Bachelor of Commerce program.

The Board has approved, subject to regulatory approvals, the granting of 800,000 incentive stock options to directors, officers and consultants of the Company. The options are for a period of ten years at an exercise price of $0.58, the closing price of the Company's stock on November 29, 2010.

About Newstrike (TSX VENTURE:NES)

Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic mining districts in Mexico. Current management and directors co-discovered Goldcorp's and Teck's significant discoveries in Guerrero Gold Belt in Guerrero State, currently in advanced stages of exploration and production.

Newstrike holds a 100% interest in certain exploration properties in Mexico located within two established mining districts; the gold bearing oxidized iron skarn-porphyry camp of the Guerrero Gold Belt, and the polymetallic Ag-Au-Cu rich epithermal camp of the mining districts of Oaxaca State.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

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