Newstrike Resources Ltd.

Newstrike Resources Ltd.

October 20, 2008 09:00 ET

Newstrike Resources Ltd. Declines Option on Jean Property

TORONTO, ONTARIO--(Marketwire - Oct. 20, 2008) - NEWSTRIKE RESOURCES LTD. (TSX VENTURE:NR) ("Newstrike") announces today that following a review of the results of its drill program on the Jean property, comprised of 31 mineral claims located within the Omineca Mining District, British Columbia, Newstrike has decided to not exercise its option to acquire a 100% legal and beneficial interest in the property.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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