SRD

Strait Minerals Inc. ("Strait" or the "Company") (TSX VENTURE:SRD) has closed
the first tranche of a non- brokered private placement for proceeds of $112,000.
The Company placed 1,600,000 working capital units ("WC Units") and paid
finder's fees of $2,100 plus 70,000 Compensation Units comprised of 70,000
common shares of the Company and 70,000 Compensation Warrants. Each Compensation
Warrant entitles the holder to acquire an additional common share at $0.12 per
share for twelve (12) months following the closing of the offering. Proceeds
from the offering will be used for general working capital.


Insiders of the Company subscribed for 150,000 WC Units pursuant to this
closing. The insider private placements are exempt from the valuation and
minority shareholder approval requirements of Multilateral Instrument 61-101
("MI61-101") by virtue of the exemptions contained in sections 5.5(a) and
5.7(1)(a) of MI 61-101 in that the fair market value of the consideration for
the securities of the Company to be issued to insiders does not exceed 25% of
its market capitalization.


Securities issued under the first tranche of this private placement are subject
to a hold period ending on January 24, 2014. The Company will leave the
offering, as disclosed in the Company's news release dated September 16, 2013,
open for the sale of up to a further 3,400,000 WC Units. The WC Units are being
offered at $0.07 per WC Unit with each WC Unit comprised of one common share and
one warrant ("WC Warrant"). Each WC Warrant entitles the holder to acquire an
additional common share at $0.12 per share for twelve (12) months following the
closing of the second tranche of the offering.


About Strait Minerals Inc.

Strait Minerals Inc. is a Canadian mineral exploration company active solely in
Peru since 2003 and listed on the TSX Venture Exchange. It holds a 100% interest
in the Alicia copper-gold property which lies within the Andahuaylas-Yauri
copper belt approximately 500 km southeast of Lima. Strait has granted Teck Peru
S.A., a wholly owned subsidiary of Teck Resources Limited, an option to earn up
to a 75% interest in the property by, among other things, spending $30 million
on exploration or by spending $10 million on exploration and delivering a
pre-feasibility study. The Company also holds an option to earn a 100% interest
in the Caribe copper-molybdenum property approximately 80 km west of Alicia and
holds a 100% interest in both the Letra Rumi South base metals property and the
Culebrilla precious metals property approximately 250 km north of Lima. The
Company continuously reviews exploration opportunities in Peru and is actively
seeking additional projects. Please visit our web site at
www.straitminerals.com.


Forward-Looking Statement: Some of the statements contained herein may be
forward-looking statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding potential mineralization
and resources, exploration results, and future plans and objectives of the
Company are forward looking statements that involve various risks. The following
are important factors that could cause the Company's actual results to differ
materially from those expressed or implied by such forward looking statements:
changes in the world wide price of mineral commodities, general market
conditions, risks inherent in mineral exploration, risks associated with
development, construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital. There can be
no assurance that forward-looking statements will prove to be accurate as actual
results and future events may differ materially from those anticipated in such
statements. Strait undertakes no obligation to update such forward-looking
statements if circumstances or management's estimates or opinions should change,
except as required by law. The reader is cautioned not to place undue reliance
on such forward-looking statements.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strait Minerals Inc.
Jim Borland
President
416-272-7387
jborland@straitminerals.com
www.straitminerals.com

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