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

Strait Gold Corporation

December 21, 2006 15:47 ET

Strait Gold Reports Results from Regional Exploration Program

TORONTO, ONTARIO--(CCNMatthews - Dec. 21, 2006) - Strait Gold Corporation (TSX VENTURE:SRD)(TSX VENTURE:SRD.WT) is pleased to report results of a regional exploration program recently completed on its Culebrilla Project in Peru. The results include samples from the Letra Rumi South concession where previous samples had returned values up to 4.39% copper and 52 grams per tonne (g/t) silver. Samples are pending from the Company's main areas of activity, the Culebrilla and Alalaj showings.

Letra Rumi South is a nine-square-kilometre concession that ties on to a block of eight mining concessions covering 59 sq. km that, combined, make up the Culebrilla Project in central Peru's Ancash Department. Letra Rumi South was staked by the Company in May, 2006, and referred to as "under application" in a prospectus for the Company's initial public offering of shares completed earlier this year. The concession was subsequently filed with Peru's public registry under the name of the Company's wholly owned subsidiary, Minera Strait Gold Peru S.A.C.

The aim of the regional program was to identify areas of untested mineralization on the entire 68-sq.-km property and to further define the potential scale of known showings outside of the Culebrilla-Alalaj area. A total of 128 stream sediment samples were collected from 14 drainages throughout the property, and 67 rock samples were collected from showings outside of the main Culebrilla-Alalaj area.

The regional rock sampling program indicated four separate anomalous areas that the Company intends to follow up, including two previously unknown areas: Quebrada Chinchuk and El Plano. Both of these areas show significant silver (up to 402 g/t) and lead (up to 7.6 %). Samples from Quebrada Chinchuk also returned values up to 3.4% zinc.

Letra Rumi North and Letra Rumi South are predominantly copper-silver prospects, although one sample from Letra Rumi South returned 1.5 g/t gold. Eight samples from Letra Rumi South taken from two large (roughly 95 meters wide by 260 meters long, and 60 meters wide by 285 meters long) rusty zones, returned copper values in excess of 0.1% . Other samples from Letra Rumi South contained up to 1.4% copper, 77.4 g/t silver and 1.5 g/t gold. Samples of intermediate volcanic rocks at Letra Rumi North contained up to 1.3% copper, 62.5 g/t silver and 0.5 g/t gold.



Highlights from the regional rock sampling program are shown below:

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Cu Pb Zn
Sample Location Au (g/t) Ag (g/t) (%) (%) (%) Description(i)
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composite grab
C208002 Letra Rumi N. 0.1 62.5 nsv nsv nsv over a 2 m
wide zone
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chip sample
C207140 Letra Rumi N. 0.5 58.2 1.3 nsv nsv over 0.6m a
wide zone
---------------------------------------------------------------------------
composite grab
C207138 Letra Rumi N. 0.3 46.5 0.8 nsv nsv over a 4m x
5m area
---------------------------------------------------------------------------
chip sample
C208013 Letra Rumi S. 1.5 77.4 0.7 nsv nsv over a 0.7m
wide zone
---------------------------------------------------------------------------


---------------------------------------------------------------------------
C208011 Letra Rumi S. 0.5 50.6 1.4 0.1 0.1 Grab
---------------------------------------------------------------------------
C207112 Q. Chinchuk 0.2 73.4 nsv 4.9 2.4 composite grab
---------------------------------------------------------------------------
C207111 Q. Chinchuk 0.1 62.4 nsv 2.8 3.4 composite grab
---------------------------------------------------------------------------
C207109 El Plano nsv 55.8 nsv 1.1 nsv composite grab
---------------------------------------------------------------------------
C207107 El Plano 0.8 402.0 0.1 1.0 0.0 composite grab
---------------------------------------------------------------------------
C207114 El Plano 0.4 282.0 0.1 7.6 0.1 composite grab
---------------------------------------------------------------------------
C207117 El Plano nsv 28.8 0.1 1.5 0.2 composite grab
---------------------------------------------------------------------------
(i)Grab samples described above only provide an indication of locations for
further examination


The stream sediment sampling program identified seven areas of anomalous base and/or precious metal values. Three of these areas do not appear to be associated with known showings, and are described below:

- A 460 metre long gold anomaly, in the Huacanhuasi river, east of the Culebrilla-Alalaj area, with up to 130 parts per billion (ppb) gold.

- A 250 metre long silver-copper-zinc-lead anomaly located near the source of Quebrada Chinchuk with values up to 3,600 ppb silver, 719 parts per million (ppm) copper, 322 ppm zinc and 140 ppm lead.

- A 950 metre long zinc anomaly extending southwest from the Coyllorcocha lakes in the Coyllor river with up to 482 ppm zinc.

A further four of the seven stream sediment anomalies are considered significant with the highest values in each generally occurring proximal to known areas of mineralization.

- A 2.3-km-long gold-silver anomaly, with values up to 600 ppb gold and 1,300 ppb silver, occurs in Quebrada Culebrilla downstream of the Culebrilla-Alalaj mineralized area.

- A 1.35-km-long lead-silver anomaly begins near the source of Quebrada Ancush (to the west of Culebrilla) with values up to 161 ppm lead and 1,100 ppb silver.

- A 1-kilometre-long silver-zinc-copper-lead anomaly beginning at the source of Quebrada Letra Rumi with values up to 5,900 ppb silver, 544 ppm zinc, 305 ppm copper and 147 ppm lead occurs adjacent to the Letra Rumi North mineralized area.

- An 825-metre-long copper-zinc anomaly, beginning at the source of the Carhuacaca river, with values up to 706 ppm copper and 592 ppm zinc occurs downstream of the Letra Rumi South mineralized area.

Maps showing the location of the anomalous areas outlined in this program are available and can be viewed at:

http://www.straitgold.com/properties/culebrilla/maps.

Ryan Weston, P.Geo., is the Qualified Person for the purpose of this news release and supervised the Company's 2006 exploration program. Strait Gold carried out a program of quality assurance/quality control (QA/QC) that included insertion of blanks, standards and duplicates into the sample stream to verify results prior to dissemination. Sample preparation and analysis were carried out at ALS Chemex facilities in Lima, Peru, an ISO 9001:2000 registered laboratory. Stream sediment and rock samples were analyzed for gold by fire assay followed by atomic absorption spectroscopic (AAS) finish and by gravimetric finish for samples exceeding the upper limit of analysis (over limit). Copper and silver, together with 32 other elements, were assayed by inductively coupled plasma-atomic emission spectrometry (ICP-AES) following aqua regia dissolution. Over-limit copper (greater than 10,000 ppm) and silver (greater than 100 ppm) samples were re-assayed by AAS.

About Strait Gold Corporation

Strait Gold Corporation is a Canadian mineral exploration company active in Peru. Its Culebrilla Project 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. Surface sampling at Culebrilla over an area measuring roughly 3.5x4.0 km has found widespread gold and silver mineralization, plus copper, with values up to 14.4 g/t gold, 1,365 g/t silver and 2.01% copper. Based on these sampling results and previous artisinal mining on the property, the Company is preparing to conduct the first-ever diamond drilling at Culebrilla in 2007.

To find out more about Strait Gold, 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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