StockGuru Shines its Spotlight on Strike Minerals Inc. (TSX-V: STK) Upon Non-Brokered Private Placement of up to $400,000 — September 23, 2011

StockGuru Shines its Spotlight on  Strike Minerals Inc. (TSX-V: STK) Upon Non-Brokered Private Placement of up to $400,000 — September 23, 2011

(Dallas, TX. – September 23, 2011) StockGuru Shines its Spotlight on  Strike Minerals Inc. (TSX-V: STK).  The Company announced yesterday that it intends to complete an offering (“Offering”) for aggregate gross proceeds of up to $400,000 consisting of up to $300,000 in Flow-Through Units (“FT Units”) and up to $100,000 in Non Flow-Through Units (“Normal Units”). The non-brokered private placement will consist of a combination of up to 3,529,412 FT Units at a price of $0.085 per Unit and up to 1,538,462 at a price of $0.065 per Unit, respectively, for the aggregate gross proceeds from the placement of both FT and Normal Units of up to $400,000. The proceeds from the issuance of FT Units will constitute Canadian exploration expenses (as defined under the Income Tax Act (Canada)) and will be renounced for the 2011 taxation year. Foundation Markets Inc. (“Foundation”) has been engaged to facilitate the Offering, but may, at its sole discretion, engage subagents and syndicate partners (“Finders”).  The Company closed on September 22, 2011, at $0.065, trading on volume of 145,000 shares.

Each FT Unit consist of one (1) Flow-Through share of the Company (“Flow-Through Share”) and one half (½) of one common share purchase warrant of the Company (each a “Warrant”) and each Normal Unit consists of one (1) common share of the Company (a “Common Share”) and one half (½) of one Warrant. Each full Warrant entitles the holder to acquire one common share of the Company at a price of $0.12 per common share for a period of 12 months from the closing date. The term of the Warrants is subject to an acceleration right at the option of the Company, provided that the common shares of the Company trade at or above $0.30 for a full 30 consecutive trading days and the Company has provided Warrant holders with 30 days prior written notice of the accelerated Warrant exercise date.

Finders will be entitled to a cash commission in the amount of 6.5% of the gross proceeds received from the sale of the Units, and finder warrants (“Finder Warrant”) equal to 6.5% of the Units issued pursuant to the Offering. Each Finder Warrant will be exercisable into Normal Units at a price of $0.065 (“Finder Warrant Exercise Price”) exercisable at any time until 24 months from the Closing Date. Company will also pay a corporate finance fee equal to 2.0% (“Corporate Finance Fee”) of the gross proceeds raised from subscriptions in the Offering payable in cash on the respective closing date of the Offering to Foundation and issue common share purchase warrants of the Company (“Compensation Warrants”) equal to 2.0% of the number of Units issued in the Offering, exercisable into Normal Units at a price of $0.065, exercisable at any time until 24 months from the Closing Date.

The proceeds of the Offering will be used to fund exploration programs, pursue acquisitions and for general working capital purposes.

Exploration Update, Edwards Mine Property

The dewatering at the Edwards property is continuing and is now at 40 metres below the surface. The company has engaged Caracle Creek International Consulting to create a 3D model incorporating all the previous underground mining and the 40,000 feet of subsequent drilling. This model work will assist in the planning of underground drifting and drilling to provide additional detail on the new gold zones.

Mike Newbury, President and CEO of Strike comments “We have identified the 60 metre and 90 metre levels as the first access points for exploration and sampling of the new gold zones. These funds will enable us to continue the dewatering and have a unique opportunity to conduct underground exploration on the identified gold mineralized zones.”

Strike has also commenced a surface exploration program on the Schreiber property that includes mapping and sampling of identified gold mineralization.

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, ON. Historic production in the camp between 1930 and 2001 is estimated at 500,000 ounces of gold. Between 1996 and 2001 underground development was completed through a decline to a depth of approximately 290 m resulting in 145,000 oz Au being mined from the Edwards property. Subsequent drilling on the property has delineated an additional number of mineralized zones that have significant gold mineralization values that require addition evaluation and delineation.

Strike also has a large land position in the Hemlo West area near Schreiber, Ont. The property has a number of historic producers that produced small tonnages of very high grade gold mineralization, averaging approximately 18-25 g/t gold, between 1935 and 1937 generally associated with shear zones in the region. These shear systems have seen very little modern exploration, and drill testing at or near a prominent syenite volcanic contact is considered highly prospective for the discovery of additional gold mineralization. Strike will conduct an initial program of surface geological and alteration mapping on the Property in the spring of 2011 with a goal of increasing the understanding of the geologic and structural relationships on the Property in preparation for drill testing to establish a resource estimate.

About Foundation

Foundation is a Toronto-based boutique investment bank and corporate finance advisory firm licensed as an Exempt Market Dealer. The firm is focused on working with small and medium-sized companies with rapid growth potential, specializing in assisting pre-public clients in accelerating access to private capital and executing going-public transactions. Foundation also works with public companies on financing, mergers and acquisitions transactions, and strategic advisory services.

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Strike, including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates and that the resource potential will be achieved on exploration projects, currency fluctuations, dependence upon regulatory approvals, and the uncertainty of obtaining additional financing and exploration risk. There is no assurance that the company’s exploration projects will add to Strike’s resource base in the short-term, or at all. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither the 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.

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