Newstrike Capital Inc.
TSX VENTURE : NES

Newstrike Capital Inc.

March 15, 2011 16:15 ET

Newstrike Contracts Airborne Magnetic Survey-Guerrero Gold Belt, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 15, 2011) -

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Newstrike Capital Inc. (TSX VENTURE:NES) ("Newstrike" or the "Company") reports that Geotech Ltd. of Aurora, Ontario has been contracted to conduct a high- resolution airborne survey covering the Company's 'Aurea Norte' property in Guerrero, Mexico. The 2,486 line kilometer survey covers the northern portion of the property, including the 'Apetlanca' project area where prospecting has identified favorable alteration in surface outcrop that is typical for the Guerrero Gold Belt ("GGB") mineralization model. The Apetlanca project area can be considered "on trend" of the Ana Paula discovery.

Geotech's 3-axis airborne magnetic gradiometer is based on high-resolution optically pumped magnetic sensors that provides optimum target selection and is an excellent structural tool that will compliment Newstrike's current GGB exploration programs. The Aurea Norte property completely surrounds the Company's Ana Paula project where the ongoing drill program continues to delineate a 1 by 2 kilometer surface gold geochemistry anomaly that remains open in all directions.

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 (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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