STK

Strike Minerals Inc. ("Strike") (TSX VENTURE:STK) announces that the company has
completed a cursory surface investigation of the company's "Hemlo West
Properties" located near Schreiber, Ontario. 


The Company conducted a limited evaluation on the historical Harkness-Hayes
property to determine accessibility to the property and obtained grab samples
that contained any alteration (silicification, carbonitization) and/or rusty
weathering/gossan indicating sulphide content. Twelve grab samples were
procured. Sample results ranged from a trace to two samples with 0.555 and 0.901
g/t Au and one sample returned an assay of 15.5 g/t Au.  


The historical Harkness-Hays gold property hosts a number of auriferous zones
which have received little systematic work since mining operations in the
1930's. Historical channel sampling on Vein #3 returned grades of 2.63 g/t Au
over 25.4 cm to 1396.7 g/t Au over 25.4 cm for channels cut every 5 feet over a
strike length of 250 feet. ((i) note: historical non 43-101 compliant values). 


An additional 23 rock samples were taken over a number of surface mineralized
zones. The Morley zone had a brecciated sulphide vein with a strike length in
excess of 150 m with a subvertical to 60 degree westerly dip. Two samples of
altered rhyolite volcanic were taken across the vein at approximately 50 m
separation yielded values of 5.5 g/t Au and 1,040 g/t Ag with 2.62% Zn and 1%
Pb, a second sample had 3.65 g/tonne Au and 1,320 g/t Ag in the third sample had
2.63 g/t Au. 


In the north-eastern portion of the property numerous north-western trending
hydrothermal quartz veins were located. The veins were generally associated with
carbonate alteration and tourmaline. Samples taken were mineralized with pyrite,
chalcopyrite and in some samples pyrrhotite and yielded 4.04 g/t Au and 13 g/t
Au. 


Strike Minerals plans to carry out further systematic geological mapping,
trenching and sampling programs over the property in the spring of 2012, to
identify areas of gold mineralization for further exploration. Cleaning of
historical trenches and surface stripping will allow for channel sampling to
test the various identified zones for continuity along strike. Future diamond
drilling will test for continuity at depth. 


About Strike 

Strike Minerals is a TSX-V listed company that is engaged in the exploration and
development of precious metal properties in Canada. Its primary property is the
former producing Edwards Gold Mine property in the Goudreau - Lochalsh Gold Camp
near Wawa Ont. Historic production in the camp between 1930 and 2001 is
estimated at 500,000 ounces. Between 1996 and 2001 underground development was
completed through a decline to a depth of approximately 290 m and mining over
the period resulted in 145,000 oz being produced from the Edwards property at an
average grade of 0.35 oz/t. At present Strike has dewatered the underground
workings to the 120m level and is commencing development on the 60m and 90m
level with the plan to be in production by the end of 2012.


Forward-Looking Statements 

This Press Release may contain statements which constitute "forward-looking
statements" including statements regarding the plans, intentions, beliefs and
current expectations of the Company, its directors, or its officers with respect
to the future business activities and operating performance of the Company. The
words "may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions, as they relate to the
Company, or its management, are intended to identify such forward-looking
statements. Investors are cautioned that any such forward-looking statements are
not guarantees of future business activities or performance and involve risks
and uncertainties, and that the Company's future business activities may differ
materially from those in the forward-looking statements as a result of various
factors. Such risks, uncertainties and factors are described in the Company's
periodic filings with the Canadian securities regulatory authorities, including
the Company's Annual Management Information Circular and quarterly and annual
Management's Discussion & Analysis, which may be viewed on SEDAR at
www.sedar.com. Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking statements prove incorrect,
actual results may vary materially from those described herein as intended,
planned, anticipated, believed, estimated or expected. Although the Company has
attempted to identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that cause
results not be as anticipated, estimated or intended. The Company does not
intend, and does not assume any obligation, to update these forward-looking
statements.

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