Strait Files Restated Year-End Financial Statements

TORONTO, ONTARIO--(Marketwired - May 28, 2014) - Strait Minerals Inc. (TSX VENTURE:SRD) has refiled the Company's audited Consolidated Financial Statements and notes for the years ended December 31, 2013 and 2012, and the related Management Discussion and Analysis of Financial Condition ("MD&A") to reflect the correction of an error in the Consolidated Financial Statements and MD&A filed on April 24, 2014.

The Independent Auditor's Report dated April 24, 2014 has been withdrawn and replaced by a report dated May 26, 2014.

The effect of the error is more fully disclosed in Note 17 to the refiled Consolidated Financial Statements.

About Strait Minerals Inc.

Strait Minerals Inc. is a Canadian mineral exploration company listed on the TSX Venture Exchange. It holds a 100% interest in the Alicia copper-gold property, the Letra Rumi South base metals property and the Culebrilla precious metals property and holds an option to earn a 100% interest in the Caribe copper-molybdenum property, all of which are in Peru. For more information, visit our web site at www.straitminerals.com.

Neither 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.