Strongbow Exploration Inc.

Strongbow Exploration Inc.

September 30, 2005 16:22 ET

Strongbow Exploration Inc.: Skoonka Creek Update and Second Quarter Results Filed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 30, 2005) - Strongbow Exploration Inc. (the "Company") (TSX VENTURE:SBW) announced today the discovery of a significant new gold soil anomaly at the Skoonka Creek property and the filing of its interim, unaudited consolidated financial statements and Management's Discussion and Analysis (Form 51-102F1) for the Company (formerly Strongbow Resources Inc.) for the six months ended July 31, 2005 on Sedar at

Exploration on the Skoonka Creek gold property continues, with the previously announced drilling program (Strongbow news release #05-15, September 20, 2005) anticipated to commence on October 1st, 2005. This drilling program follows completion of geochemical, geological and geophysical surveys and will test the JJ showing and several additional target areas over a 300 m strike length. Concurrent with the drilling program, further prospecting and infill soil sampling is also underway, with particular focus on a new gold soil anomaly identified from the initial results of a regional soil survey completed earlier in the summer. The Backburn gold soil anomaly extends over a northwest trending area measuring 900 m by 300 m. Initial prospecting within the area of the anomaly has identified abundant float and subcrop occurrences of brecciated volcanic rocks that are variably oxidized with a quartz +/- carbonate +/- chlorite matrix. The Backburn anomaly is located within a forested area approximately three kilometres northeast of the JJ showing, confirming Strongbow's initial contention that the Skoonka Creek property hosts significant potential for the discovery of additional gold mineralization away from the existing network of logging roads.

Strongbow is presently working to earn up to a 60% interest in the Skoonka Creek property from Almaden Minerals Ltd. (TSX:AMM) by incurring $4 million in exploration expenditures and making certain share issuances over a 6 year period. The Skoonka Creek property is located 10 km northeast of Lytton in southern British Columbia and the exploration program is conducted under the supervision of David Gale, P.Geo.(BC), a qualified person under NI 43-101.

The Company reports a net loss before income taxes of $536,592 for the six months ended July 31, 2005, as compared to a loss before income taxes of $667,493 for the same period last year. In accordance with Canadian GAAP, during the current six-month period the Company recorded a future income tax recovery of $712,000 in relation to EIC-146, "Flow-through shares". This results in net income after taxes of $175,408.

During the second quarter, the Company spent $1,045,362 (net of recoveries and write-offs) to explore its mineral property interests, primarily in British Columbia and Nunavut, as compared to exploration expenditures of $594,605 in the same period last year. Year-to-date exploration totals $1,579,185, a slight decrease from $1,599,612 in the comparative period ended July 31, 2004. A summary of the Company's expenditures on its mineral properties can be found in Note 5 to the Interim Consolidated Financial Statements filed on Sedar.

The Company's working capital at July 31, 2005 was $1,564,002 and the Company's cash position increased from $889,779 as at January 31, 2005 to $1,893,836, an increase of $1,004,057.


Kenneth A. Armstrong, President and CEO

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

Contact Information