Strait Gold Corporation
TSX VENTURE : SRD
TSX VENTURE : SRD.WT

Strait Gold Corporation

November 29, 2006 11:39 ET

Strait Gold Grants Stock Options

TORONTO, ONTARIO--(CCNMatthews - Nov. 29, 2006) - Strait Gold Corporation (TSX VENTURE:SRD) (TSX VENTURE:SRD.WT) announces that an aggregate of 470,000 options to purchase common shares of the Corporation at $0.40 per share for five (5) years have been granted to six (6) officers and employees of the Corporation.

The Corporation also wishes to announce that a further 700,000 options to purchase common shares of the Corporation at $0.40 per share for five (5) years have been granted to seven (7) directors of the Corporation.

The grants are subject to acceptance by the TSX Venture Exchange.

Strait Gold Corporation is a Canadian mineral exploration company active in Peru. The Culebrilla Property is located in Ancash Department, the same Peruvian jurisdiction that hosts the Pierina gold mine (Barrick Corporation), the Antamina base metals mine (BHP Billiton, TeckCominco and Xstrata Minerals) and numerous other, smaller mining operations. To find out more about Strait Gold Corporation, please visit our website at www.straitgold.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for this news release.

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