Strathmore Minerals Corp.
TSX VENTURE : STM

Strathmore Minerals Corp.

November 20, 2006 10:00 ET

Strathmore Purchases Land for a Potential Mill Site in Ambrosia Lake, New Mexico, for its Roca Honda Uranium Project

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - Nov. 20, 2006) - Strathmore Minerals Corp. (the "Company") (TSX VENTURE:STM) is pleased to announce that it has completed the purchase of 620 acres of land in the Ambrosia Lake uranium mining district northwest of Grants, New Mexico. This purchase represents an important step in Strathmore's permitting activities for development of its planned mining and milling activities at its Roca Honda project. Roca Honda is Strathmore's most advanced conventional uranium project and contains a NI 43-101 compliant measured, indicated and inferred resource that exceeds 33,000,000 lbs U3O8 (see the Company's news release dated April 4, 2006). Juan Velasquez, Strathmore's VP of Environmental and Regulatory Affairs said, "the purchase of this property allows Strathmore to initiate the first step of the 'Alternative Sites Analysis' that is required by the U.S. Nuclear Regulatory Commission (NRC) prior to approving the location of a uranium mill and tailings disposal facility." The Alternative Sites Analysis is an integral part of the license application package that will be submitted to the NRC.

Strathmore recognizes that the renaissance of the uranium mining and milling industry in New Mexico will require that a regional mill be located in the Grants, New Mexico area to process the ore that will be mined from several proposed future projects. "Grants has the proud heritage of being known as the uranium mining capital of the world," Mr. Velasquez said, "and with the support of the citizens of the City of Grants, and Cibola and McKinley Counties, Strathmore would like nothing better than to help revitalize the mining tradition and bring economic stability back to the area."

On September 5 the Company announced that it had commenced permitting activities at Roca Honda to investigate the feasibility of conventional mining and milling. Studies will be conducted on the property to evaluate its potential for use as the Strathmore mill site. Initially the geologic and hydrologic regime will be studied to determine its ability to withstand long-term erosional stability for disposal of mill tailings in conformance with NRC requirements. Soil and geotechnical analyses, as well as surface and ground water conditions will be evaluated for suitability for use as a mill and tailings disposal site. Preliminary data gathering in support of a future environmental assessment as required by NRC will also be performed.

The company believes that the purchase of this property is an important step in locating the next generation conventional uranium mill in New Mexico. John DeJoia, Strathmore's VP of Technical Affairs noted that other properties will also be evaluated for use as a potential mill site. The site that best meets the NRC's regulatory requirements for a uranium mill and tailings complex will be selected. Mr. DeJoia added, "with excellent rail and public highway access, the acquired property in Ambrosia Lake is well suited as a regional toll mill location for northwestern New Mexico."

A formal submission to the NRC will be made on completion of Alternative Site Analysis.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties. Headquartered in Kelowna, British Columbia, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. 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

David Miller, President and COO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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