Strongbow Exploration Inc.

Strongbow Exploration Inc.

August 14, 2007 11:49 ET

Strongbow Options Ponderosa Property From Almaden Drilling Program Planned for October, 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2007) - Strongbow Exploration Inc. (TSX VENTURE:SBW) is pleased to announce it has signed an agreement with Almaden Minerals Ltd. (TSX:AMM)(AMEX:AAU) whereby Strongbow can earn a 60% interest in the 6,950 ha Ponderosa property, located within the Spences Bridge gold belt, approximately 30 km southwest of the city of Merritt in southern British Columbia. The property hosts the Axel Ridge gold showing which was discovered by Almaden in June 2006.

Ken Armstrong, President and CEO of Strongbow stated, "We are pleased to continue our working relationship with Almaden and look forward to advancing the Ponderosa property as aggressively as possible. With the addition of Ponderosa, Strongbow now has exposure to 77,000 ha within the Spences Bridge gold belt, where, over the last several years, a number of new gold prospects have been identified in an area with excellent transportation and power infrastructure. Strongbow plans to drill test the Axel Ridge prospect this fall, in addition to the drilling program scheduled to start in the next few weeks at the Skoonka Creek property where at least four target areas will also be tested."

The Axel Ridge showing consists of a north trending zone of banded epithermal quartz veining and brecciation hosted within strongly silicified and clay altered andesite. The vein system has been exposed by three hand trenches over a 77 m strike length. Trenching results have returned 11.7 m grading 2.22 g/t Au, 10.0 m grading 1.50 g/t Au, and 6.6 m grading 2.83 g/t Au. Individual assays from the trench samples range from 0.11 to 6.57 g/t Au. Mineralization remains open to the east and west in each of the trenches, as well as along strike to the north and south. A soil geochemical anomaly coincides with the Axel Ridge showing and extends, along with quartz vein float occurrences, to the north and south along a narrow 2,000 m long interpreted structural corridor called the Axel Ridge Trend ("ART"). Assays of reconnaissance grab and float rock samples within the ART range from trace amounts to 12.8 g/t Au, with the majority of samples returning greater than 0.1 g/t Au. Silver assays range from trace amounts up to 44.5 g/t. The exposed quartz vein system and many of the float occurrences have compositions and textures typical of low sulphidation epithermal veins and breccias and, in addition to gold and silver, they contain anomalous concentrations of one or more characteristic epithermal pathfinder elements.

Under the terms of the agreement with Almaden, Strongbow can earn a 60% interest in the Ponderosa property by issuing to Almaden 1,050,000 shares and completing exploration expenditures of $4 million prior to December 31, 2012. Under certain conditions, Strongbow may elect to pay Almaden $300,000 in cash in lieu of the final 200,000 share payment. The agreement includes a commitment to issue 200,000 shares to Almaden upon regulatory approval and to spend $150,000 exploring the property prior to December 31, 2007.

Strongbow has commenced a program of bedrock mapping and ground magnetic surveys in the vicinity of the Axel Ridge showing. This work will provide the basis for an October, 2007 drilling program to test the depth extent of the epithermal vein system. The 2007 exploration program on the Ponderosa property will be conducted under the supervision of David Gale, P.Geo. (BC), Vice-President of Exploration for Strongbow and a Qualified Person within the meaning of National Instrument 43-101.


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