Strait Gold Corporation

Strait Gold Corporation

April 04, 2007 10:24 ET

Strait Gold Obtains Approval to Drill Culebrilla Property in Peru

TORONTO, ONTARIO--(CCNMatthews - April 4, 2007) - Strait Gold Corporation (TSX VENTURE:SRD)(TSX VENTURE:SRD.WT) is pleased to announce that it has received an Environmental Viability Certficate approving a Class B drilling permit for its Culebrilla Project in Peru. The Certificate is the first granted under Peru's recently amended regulations designed to speed up the approval process for early-stage mineral exploration drilling.

In early April, when the rainy season ends, the Company intends to resume work at Culebrilla in preparation for drilling this summer. An existing trail from the village of Ancoraca, about four kilometres from the project's base camp, will be widened to allow transport of a portable drill rig. A 2,000-metre drill program is expected to be completed in the third quarter of 2007.

Detailed mapping, sampling and geophysical surveying are also planned for the Letra Rumi South concession, part of the Culebrilla property that was staked by the Company in 2006. Prospecting on the Vera Luz I and Vera Luz II claims is also planned. The Vera Luz claims were staked by the Company in January 2007 based on a satellite image colour anomaly located approximately five kilometres west-northwest of the Culebrilla property's western boundary.

Strait Gold Corporation is a Canadian mineral exploration company active in Peru. It holds an option to earn a 100% interest in the 68-sq.-km Culebrilla Property located in Ancash Department, the same Peruvian jurisdiction that hosts the Pierina gold mine (Barrick Corporation), the Antamina base metals mine (BHP Billiton, TeckCominco, Xstrata Minerals and Mitsubishi) and numerous other, smaller mining operations. Culebrilla lies between Pierina to the south and Lagunas Norte, another Barrick gold mine, to the north.

Surface sampling at Culebrilla has found widespread gold and silver mineralization, plus copper, with values up to 14.4 g/t gold, 1,365 g/t silver and 8.4% copper. Based on these grab sample results and previous artisanal mining on the property the Company is preparing to conduct the first-ever diamond drilling at Culebrilla.

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