Strait Gold Corporation
TSX VENTURE : SRD

Strait Gold Corporation

January 21, 2011 14:00 ET

Strait Gold Announces Grant Of Stock Options

TORONTO, ONTARIO--(Marketwire - Jan. 21, 2011) - Strait Gold Corporation (TSX VENTURE:SRD) ("Strait" or "the Corporation") wishes to announce that an aggregate of 1,675,000 options to purchase common shares of the Corporation at $0.18 per share for five (5) years have been granted to seven (7) directors, one (1) officer and one (1) consultant of the Corporation.

About Strait Gold Corporation:

Strait Gold Corporation is a Canadian mineral exploration company active in Peru and listed on the TSX Venture Exchange. It has an option to earn a 100% interest in the Alicia copper-gold property in Cusco Department approximately 500 km southeast of Lima, the capital of Peru, and holds a 100% interest in both the Letra Rumi South copper-silver property and the Culebrilla gold-silver property, both in Ancash Department approximately 250 km north of Lima. To learn more about Strait Gold, please visit our website at www.straitgold.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.

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