Strathmore Minerals Corp.

Strathmore Minerals Corp.

May 01, 2007 09:58 ET

Strathmore Receives Permit for Exploration Drill Program at Jeep, Wyoming, Uranium Project

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - May 1, 2007) - Strathmore Minerals Corp. ("Strathmore") (TSX VENTURE:STM) is pleased to announce that it has obtained approvals from the Wyoming Department of Environmental Quality (DEQ) Land Division and the U. S. Bureau of Land Management (BLM) to conduct an exploration drill program at its Jeep Project located in Freemont County, Wyoming. A drilling contract has been awarded to a Wyoming drilling company and all required bonding is in place. Strathmore will commence drilling activities in July. Funding for the program will be provided by Yellowcake Mining Inc. ("Yellowcake"). Strathmore recently granted Yellowcake the exclusive right to earn a 60% interest in the Jeep property in consideration of US$10 million in expenditures (please see Strathmore's news release dated April 19, 2007).

Strathmore plans to drill up to forty (40) exploratory holes to extend a known roll front into untested ground. John DeJoia, Strathmore's Vice President of Technical Affairs, stated that "this exploratory drilling will allow us to determine the viability of this project as a new development site to add to our future mining portfolio in Wyoming." Mr. Juan R. Velasquez, Strathmore's Vice President of Environmental and Regulatory Affairs added that the Company has already completed the archaeological and cultural resources as well as the Flora and Fauna surveys needed to support the project. "We have been working closely with the Wyoming Department of Environmental Quality and the United States Bureau of Land Management over the past several months to ensure that we comply with their recommendations. Jeep is one of several projects that hold promise for our future operations in Wyoming" added David Miller, Strathmore's President. "Strathmore was very early in establishing a presence in Wyoming and we are confident that Jeep will emerge as one of several development projects in that State."

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.


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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