Newstrike Capital, Inc. Announces $24.8 Million Bought Deal Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES AND DOES NOT CONSTITUTE AN OFFER IN THE UNITED STATES OF THE SECURITIES
DESCRIBED HEREIN


Newstrike Capital, Inc. (TSX VENTURE:NES) ("Newstrike" or the "Company") is
pleased to announce that it has entered into an agreement with a syndicate of
underwriters led by Cormark Securities Inc. and including GMP Securities L.P.,
Scotia Capital Inc., Euro Pacific Canada Inc., Desjardins Securities Inc.,
Macquarie Capital Markets Canada Ltd. and Raymond James Limited, (collectively
the "Underwriters") pursuant to which the Underwriters have agreed to purchase
8,000,000 common shares ("Common Shares") of the Company on a bought deal
private placement basis at a price of $3.10 per Common Share. 


The Company will pay the Underwriters a cash commission equal to 5.0% of the
gross proceeds of the offering.


The offering is scheduled to close on or about March 20, 2012 and is subject to
certain conditions including, but not limited to, the receipt of all necessary
approvals including the approval of the TSX Venture Exchange.


The net proceeds of the Offering will be for continued exploration of the
Company's Ana Paula project as well as other exploration activities within the
Guerrero Gold Belt and for general corporate purposes and working capital.


The securities described herein have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States unless registered under the Act or unless an exemption from registration
is available.


About Newstrike

Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and
historic mining districts in Mexico. Current management and directors
co-discovered Goldcorp's and Teck's significant discoveries in Guerrero Gold
Belt in Guerrero State, currently in advanced stages of exploration and
production.


Newstrike holds a 100% interest in certain exploration properties in Mexico
located within two established mining districts; the gold-bearing oxidized iron
skarn-porphyry camp of the Guerrero Gold Belt, and the polymetallic Ag-Au-Cu
rich epithermal camp of the mining districts of Oaxaca State.


This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, including the expected completion of the
offering and the timing thereof, and the expected use of proceeds are
forward-looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include, changes in market conditions,
unsuccessful exploration results, changes in the price of gold, unanticipated
changes in key management personnel and general economic conditions. Mining
exploration and development is an inherently risky business. Accordingly the
actual events may differ materially from those projected in the forward-looking
statements. This list is not exhaustive of the factors that may affect any of
the Company's forward-looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to update
any forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities laws.