Strathmore Minerals Corp.

Strathmore Minerals Corp.

January 11, 2011 09:00 ET

Strathmore Commences Scoping Study at Its Church Rock Uranium Deposit, New Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2011) - STRATHMORE MINERALS CORP. ("Strathmore" or "the Company") (TSX:STM)(OTCQX:STHJF) is pleased to announce that it has contracted Behre Dolbear and Company (USA), Inc. ("Behre Dolbear") to complete a scoping study, also known as a preliminary economic assessment, for the Company's Church Rock uranium deposit, located in McKinley County, New Mexico. Behre Dolbear will prepare a phased study that will evaluate the extraction of uranium by both In-Situ Recovery (ISR) and conventional underground techniques. This study will provide Strathmore with an independent review of mining alternatives for determining the best option for advancing this project and enhancing shareholder value. Table 1 summarizes the Church Rock NI 43-101 resource estimate, which was completed in 2005. The resource is 100% owned by Strathmore, and is not encumbered with production royalties.

Table 1: Strathmore Minerals - Church Rock, New Mexico: NI 43-101 Resource Estimate

Property   Previous Operator/Source: Date of Resource Estimate   Resource Classification   Millions of Tons   Grade % U308   Millions of Pounds U308
Church Rock, New Mexico                    
Kerr McGee (1980)   NI 43-101 Measured & Indicated   6.2   0.10   11.8
D. Fitch 43-101 (2005)   NI 43-101 Inferred   1.9   0.09   3.5

The NI 43-101 resource estimates used in this press release were taken from the NI 43-101 report entitled "Technical Report on the Strathmore Church Rock Uranium Property, McKinley County, New Mexico," dated December 20th  2005, and prepared by David C. Fitch, a qualified and independent person under National Instrument Policy 43-101. This report can be viewed in its entirety on the Company's website It should be noted that mineral resources, which are not mineral reserves, do not have demonstrated economic viability as defined by the NI 43-101 guidelines.

Strathmore's Church Rock deposit is a valuable asset in the Company's long-term project pipeline that has been on care and maintenance since 2006, when litigation challenging the development of Uranium Resources Inc's (URI) immediately adjacent uranium development project, also known as Church Rock, ensued. Now that the legal challenges have concluded in their favour, URI is currently moving forward with its Nuclear Regulatory License renewal and is preparing a feasibility study, targeted for completion by the end of 2011 (See URI press release dated November 15, 2010). The favourable court ruling has also enabled Strathmore to complete an internal review to determine the best alternative for enhancing the value of this previously dormant asset (See news release dated July 6, 2010). The preparation of this scoping study represents a significant first step for renewing an effective development plan for the Church Rock resource.

Behre Dolbear has operated as a global mining industry consultant by providing technical, financial, operational, managerial, and environment services since its founding in 1911. Their expertise in uranium includes in-situ recovery, surface and underground mining. Mr. Bernard J. Guarnera, Chairman of the Behre Dolbear Group, will act as Senior Project Advisor for this study. Phase I, which includes a background review of the property, geology and resources, in addition to a general review of ISR and underground mine development findings is underway. Phase II will examine the project economics, environmental and permitting issues, and related project inputs.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of advanced uranium properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has a U.S. based Development Office in Riverton, Wyoming and a Government, Regulatory & Environmental Affairs Office in Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX under the symbol "STM" and trade on the OTCQX International electronic trading system in the United States under the symbol "STHJF".

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by David Miller, Chief Executive Officer for Strathmore Minerals Corp., a Qualified Person under National Instrument 43-101.

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.


David Miller, CEO 

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