Newstrike Capital Inc.
TSX VENTURE : NES

Newstrike Capital Inc.

October 08, 2010 19:11 ET

Newstrike Capital Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 8, 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 – wishes to announce that it has granted an aggregate of 1,700,000 stock options pursuant to its Stock Option Plan ("the Plan"). Each option will entitle the holder to purchase one common share of the Company at an exercise price of $0.53 for a period of five years from this date. Of the total amount, 1,500,000 options will go to directors and officers of the Company and will vest immediately, while the remaining 200,000 are granted to consultants and will vest in three months from this date.

The grant is subject to regulatory approvals, and any securities issued pursuant to the exercise of these options will be restricted from trading for a period of four months from this date as required by TSX Venture Exchange Policies and securities legislation.

The Company also wishes to announce the appointment of Mr. Ashish (Ash) Abhyankar as Vice-President of Finance. Ash will assist the CEO and CFO with financial planning and related activities.

About Newstrike (TSX VENTURE:NES)

Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic mining districts in Mexico. 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 (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release.

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