Strathmore Minerals Corp.

Strathmore Minerals Corp.

March 03, 2005 09:00 ET

Strathmore Acquires Additional Wyoming Uranium Properties


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: STRATHMORE MINERALS CORP.

TSX VENTURE SYMBOL: STM

MARCH 3, 2005 - 09:00 ET

Strathmore Acquires Additional Wyoming Uranium
Properties

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - March 3, 2005) - STRATHMORE
MINERALS CORP. ("the company") (TSX VENTURE:STM) is pleased to announce
that it has agreed to acquire a package of properties known as the
Wyoming Basin's Uranium Leases. Total acreage of these properties is
approximately 15,000 acres. The properties consist of State of Wyoming
Uranium Leases in the Shirley Basin, Great Divide Basin, Powder River
Basin and Wind River Basin. The properties have been held in the past
for uranium, however no drill indicated resources are known on the
leases. All leases are in the historic uranium districts in each basin
and all were near or on trends of mined or drill indicated uranium
mineralization.

Strathmore will evaluate these leases as to their potential for
containing ISL (in-situ leach) recoverable uranium mineralization. Data
and historical work is under acquisition and evaluation. All previous
work was done before establishment of the 43-101 requirements.

Wyoming State is home to over 200 million pounds of historical uranium
production and was the second leading uranium production center in the
United States.

Subject to regulatory approval, the Company will issue 300,000 shares
over thirty months (50,000 shares upon exchange approval and 50,000
shares every six months thereafter) for the acquisition of the property.
There will also be a one time upfront payment of $US 30,000.

STRATHMORE MINERALS CORP. is a Canadian based resource company
specializing in the strategic acquisition and development of uranium
properties. STRATHMORE MINERALS CORP Common Shares are listed on the TSX
Venture Exchange under the symbol "STM".

This news release may contain forward-looking statements.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.

ON BEHALF OF THE BOARD

Dev Randhawa, President

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Strathmore Minerals Corp.
    Dev Randhawa
    President
    800-647-3303
    info@strathmoreminerals.com
    www.strathmoreminerals.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.