Newstrike Capital Intersects 72.95 Meters of 1.54 g/t Au At the Ana Paula Project

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Newstrike Capital Inc. (TSX VENTURE:NES) ("Newstrike" or the "Company") is
pleased to announce the results of the last holes drilled in the 2011 program at
the Company's 100%-owned Ana Paula Project, Guerrero Gold Belt (GGB). These
drill results include two delineation drill holes testing the boundaries of the
Breccia Zone, one hole that followed up the new discovery announced with
AP-11-67 (November 28th, 2011 PR) and two drill holes located in the northeast
quadrant are from the ongoing step out drill program. 


Highlights from this series include:



--  Drill hole AP-11-74 intersected strong multiple mineralized intervals at
    depth with 14.31 meters of 0.88 g/t Au and 36.60 meters of 0.56 g/t Au
    that includes an interval of 7.33 meters of 1.50 g/t Au at the bottom of
    the hole. 
    
--  Drill hole AP-11-75 intersected 46.00 meters of 0.75 g/t Au, including
    14.00 meters of 1.27 g/t Au. 
    
--  Drill hole AP-11-76 intersected strong mineralization over multiple
    intervals including 72.95 meters of 1.54 g/t Au that also includes 48.50
    meters of 1.99 g/t Au. Another interval was intersected of 54.30 meters
    of 0.63 g/t Au that includes 12.26 meters of 1.21 g/t Au. This hole
    ended in mineralization with 33.00 meters of 0.41 g/t Au including 8.00
    meters of 0.56 g/t Au. 
    
--  Drill hole AP-11-77 also intersected multiple intervals including 27.42
    meters of 0.67 g/t Au including 6.15 meters of 1.58 g/t Au. Other
    intervals include 7.92 meters of 0.66 g/t Au and 12.45 meters of 0.62
    g/t Au. 



Selected highlights from this series of drill results are presented in the
following table. A complete table of mineralized intersections, drill hole
location maps and drill sections are available on the company website at
www.newstrikecapital.com.


SE Quadrant Drill Holes- Breccia Zone Delineation 

Drill hole AP-11-74 and AP-11-76 are part of a series of holes designed to
delineate the boundaries of the Breccia Zone first discovered in AP-10-19
(January 18th, 2011 PR). The Breccia Zone currently includes a core zone of
higher-grade mineralization hosted in breccia that is surrounded by an
alteration halo of lower grade mineralization hosted in intrusion, hornfels,
skarn and sedimentary rocks. The two holes reported here were drilled to test
the northern and western boundaries of the alteration halo at depth
respectively. Both holes successfully tested the down plunge continuity of
mineralization, intersected multiple intervals and both ended within the
mineralized alteration halo. Among other intervals, AP-11-74 intersected 35.60
meters of 0.56 g/t Au that also includes 7.33 meters of 1.44 g/t Au at the
bottom of the hole. Drill hole AP-11-76 was the best hole in this series with
72.95 meters of 1.54 g/t Au, including 25.84 meters of 2.86 g/t Au. AP-11-76 is
an offset to the Breccia Zone that extends mineralization by about 80 meters to
the west of previous holes. This hole ended in mineralization with a 33.00-meter
interval of 0.41 g/t Au that includes 8.00 meters of 0.56 g/t Au. Mineralization
remains open at depth and in several directions.


Preliminary modelling and current drilling of the Breccia Zone indicates that it
is an irregularly shaped body plunging steeply to the south southwest with
approximate true dimensions of 250 meters by 150 meters and a 250 meter vertical
depth as announced on September 19, 2011, and that mineralization remains open
along trend and at depth. While the true thickness of high-grade intersections
has not been determined, delineation drilling will continue to refine and extend
the boundaries of the Breccia Zone until its true dimensions are determined,
part of the work required to bring the Ana Paula project to an initial NI43-101
resource estimate, expected in 2012.


SW Quadrant Drill Holes 

Drill hole AP-11-75 is the first hole in a series designed to follow up on the
new discovery announced in AP-11-67 that intercepted strong mineralization from
surface (including 15.51 meters of 1.92 g/t Au and 36.00 meters of 0.96 g/t Au,
November 28th, 2011 PR). Drill hole AP-11-75 is an approximate 150 meter offset
of the mineralization in hole AP-11-67 and continues to confirm the areas
potential by intersecting multiple mineralized intervals throughout the length
of the drill hole, the best of which is 46.00 meters of 0.75 g/t Au, including
12.50 meters of 1.36 g/t Au. These results will continue to be followed up with
one dedicated drill rig in this area.


NE Quadrant Drill Holes 

Drill holes AP-11-73 and AP-11-77 both tested widely spaced targets to follow up
on previous drill results. Each drill hole confirmed continuity of
mineralization at depth of their respective targets. AP-11-73 was drilled to the
west to test below mineralization intersected in AP-11-66 (31.00 meters of 0.55
g/t Au and 21.1 g/t Ag, September 19th, 2011 PR). The best intersect from
AP-11-73 includes 10.03 meters of 2.62 g/t Au and 42.1 g/t Ag. Drill hole
AP-11-77 tested west of AP-11-16 (23.13 meters of 4.06 g/t Au and 6.1 g/t Ag,
January 18th, 2011 PR) and intersected multiple intervals, the best of which
includes 27.42 meters of 0.67 g/t Au and a 12.45-meter interval of 0.62 g/t Au. 


The Ana Paula Project is central to Newstrike's 88,000 hectares in the GGB and
forms part of a district scale mining camp that is host to Torex Gold's advanced
Morelos Project and to Goldcorp's producing Los Filos project. Ken Thorsen, a
director of the company and a qualified person under NI 43-101 has reviewed the
contents of this press release. The drill program and all project operations are
conducted under the direction and supervision of Dr. Craig Gibson, PhD, CPG and
a qualified person under NI 43-101. 


QA-QC: 

The mineralized intervals in core tend to be separated by "barren" intervals
that may or may not contain narrow anomalous sections and local high-grade
spikes that are not included in the calculations of mineralized intervals.
Unless specified otherwise, reported intersections are calculated according to a
protocol that uses a 0.2 g/t Au cut off for bounding assays. Reported grade
intervals are based on the original uncut assay certificates as received from
the assay labs. They do not include check assays pending at the time of
reporting. 


Newstrike maintains strict QA-QC protocols for all aspects of their exploration
programs that include the systematic insertion of blanks and standards into each
sample batch. SGS laboratories or ALS Chemex performed assay analyses reported
in this release. All samples are assayed using the respective laboratories
certified and industry standard assay techniques for gold and multi-element
packages and for over limits; Au was analyzed by 50 gram fire assay with an
atomic absorption finish, and other elements were analyzed by multi-element ICP
packages. 




   A table of selected drill assay results. Highlighted intervals that are  
            greater than 0.5 g/t Au over 5.0 meters or greater.            
                                                                            
----------------------------------------------------------------------------
Drill                      From          To    Interval         Au        Ag
hole                        (m)         (m)         (m)        g/t       g/t
----------------------------------------------------------------------------
----------------------------------------------------------------------------
AP-11-73                 197.85      198.60        0.75      10.57     90.70
                         233.47      243.50       10.03       2.62     42.11
            Includes     233.47      235.00        1.53      10.57     32.60
----------------------------------------------------------------------------
AP-11-74                 239.00      245.00        6.00       2.59       3.6
            includes     240.00      241.74        1.74       8.30       8.7
                         252.84      257.06        4.22       5.19      14.3
                         567.19      581.50       14.31       0.88       0.1
            includes     573.50      575.50        2.00       4.95       1.0
                         597.50      633.10       35.60       0.56       0.3
            includes     610.00      617.33        7.33       1.44       1.1
----------------------------------------------------------------------------
AP-11-75                 178.50      224.50       46.00       0.75       2.7
            includes     178.50      192.50       14.00       1.27       4.6
                 and     180.00      184.50        4.50       2.37       3.4
            includes     212.07      216.00        3.93       1.79       3.1
                         257.96      265.42        7.46       0.48      15.2
                         332.00      338.57        6.57       0.58       5.9
                         419.35      424.00        4.65       0.93      17.5
            includes     422.73      424.00        1.27       2.92       5.6
----------------------------------------------------------------------------
AP-11-76                 521.00      526.50        5.50       0.78       1.4
                         536.56      547.12       10.56       0.96       1.9
                         551.05      624.00       72.95       1.54       1.2
            includes     571.50      620.00       48.50       1.99       1.3
                 and     574.50      600.34       25.84       2.86       2.2
                 and     579.33      579.85        0.52      43.38      46.8
                         634.77      642.00        7.23       1.18       0.2
                         652.50      706.80       54.30       0.63       0.7
            includes     677.24      689.50       12.26       1.21       1.3
                         712.78      728.30       15.52       0.43       0.9
                         745.00      778.00       33.00       0.41       0.5
            includes     768.00      776.00        8.00       0.56       0.0
----------------------------------------------------------------------------
AP-11-77                  39.50       66.92       27.42       0.67      2.80
            includes      39.50       40.50        1.00       2.77      3.90
            includes      54.90       61.05        6.15       1.58      6.97
                         323.00      327.50        4.50       1.54      3.88
                         381.85      389.77        7.92       0.66      2.19
            includes     388.22      389.77        1.55       2.46      4.68
                         394.82      398.10        3.28       2.13      2.23
                         435.04      447.49       12.45       0.62      1.29
            includes     440.05      443.96        3.91       1.12      1.79
----------------------------------------------------------------------------



About Newstrike (TSX VENTURE:NES) 

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 Au (Ag-Cu) skarn-porphyry
camp of the Guerrero Gold Belt, and the polymetallic Pb-Zn-Ag (Au-Cu) rich
epithermal camp of the mining districts of Oaxaca State.