Strathmore Completes Sale of Pine Tree-Reno Creek Uranium Royalty for US$3 Million Cash

Strathmore Minerals Corp. (TSX:STM)(OTCQX:STHJF) ("Strathmore" or "the Company")
is pleased to announce it has completed the sale of its Pine Tree-Reno Creek 5%
gross revenue uranium production royalty (the "Royalty") to privately held AUC
LLC ("AUC") for US$3 million cash. Strathmore and Energy Fuels Inc. ("Energy
Fuels") (TSX:EFR)(OTCQX:EFRFF) previously announced on June 11th, 2013 that a
definitive arrangement agreement (the "Arrangement Agreement") had been
completed, whereby Energy Fuels would acquire Strathmore by way of a plan of
arrangement. This transaction is expected to close in late August or September
2013, subject to shareholder and stock exchange approvals. In addition, as a
means of providing interim funding to Strathmore, Energy Fuels had agreed to
separately acquire the Royalty in exchange for a US $3 million non-interest
bearing, unsecured convertible promissory note (see press release dated May
24th, 2013). Both Strathmore and Energy Fuels believe the alternative sale of
the Royalty to AUC represents a good opportunity to monetize a non-core asset of
Strathmore for significant cash proceeds which, in light of the Arrangement
Agreement, is in the best interests of both Strathmore and Energy Fuels
shareholders. Proceeds from the Royalty sale have been added to Strathmore's
working capital, as per an escrow agreement completed with Energy Fuels.


Raymond James Ltd. provided financial advisory services to Strathmore with
respect to this Royalty transaction.


STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in
the strategic acquisition, exploration and development of mineral properties in
the United States. Headquartered in Vancouver, British Columbia with a branch
administrative office in Kelowna, the Company also has U.S. based Development
Offices in Riverton, Wyoming and Santa Fe, New Mexico. 


STRATHMORE MINERALS CORP. Common Shares are listed on the TSX under the symbol
"STM" and trade on the OTCQX International electronic trading system in the
United States under the symbol "STHJF".


This press release contains "forward-looking information" that is based on
Strathmore Minerals Corp.'s current expectations, estimates, forecasts and
projections. This forward-looking information includes, among other things,
statements with respect to the Pine Tree-Reno Creek royalty sale and the
"Arrangement Agreement" with Energy Fuels Inc. The words "may", "would",
"could", "should", "will", "likely", "expect," "anticipate," "intend",
"estimate", "plan", "forecast", "project" and "believe" or other similar words
and phrases are intended to identify forward-looking information.


Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause Strathmore's actual results, level of activity,
performance or achievements to be materially different from those expressed or
implied by such forward-looking information. Such factors include, but are not
limited to: calculation of resource estimates, the work expenditure commitments;
the ability to raise sufficient capital to fund future exploration or
development programs; changes in economic conditions or financial markets;
changes in input prices; litigation; legislative, environmental and other
judicial, regulatory, political and competitive developments; technological or
operational difficulties or an inability to obtain permits required in
connection with maintaining, or advancing projects; and labour relations
matters.


This list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and readers
should not place undue reliance on such forward-looking information. Such
forward-looking statements are made as of the date of this press release and the
Company assumes no obligation to update or revise them to reflect new events or
circumstances, except as required by law.


ON BEHALF OF THE BOARD

David Miller, CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Strathmore Minerals Corp.
Craig Christy
Investor Relations
1-800-647-3303
[e-mail]
www.strathmoreminerals.com