Newstrike Resources Ltd. Increase in Private Placement Financing

TORONTO, ONTARIO--(Marketwired - Oct. 11, 2013) -

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

Newstrike Resources Ltd. (TSX VENTURE:NR) ("Newstrike") is pleased to announce that it proposes to increase its previously announced non-brokered private placement pursuant to which it will now issue a minimum of 3,000,000 and a maximum of 5,134,615 units ("Units") at a price of $0.065 per Unit to raise aggregate gross proceeds of a minimum of $195,000 and a maximum of approximately $333,750. All other terms of the private placement remain the same as previously announced. An initial tranche of the private placement was closed on October 11, 2013.

The private placement remains subject to the approval of the TSX Venture Exchange.

NEITHER THE 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.

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Newstrike, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.