Newstrike Capital Intersects 81.45 Meters of 2.19 g/t Au, Including 25.03 Meters of 5.10 g/t Au at the Ana Paula Project

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Newstrike Capital Inc. (TSX VENTURE:NES) ("Newstrike" or the "Company") is
pleased to announce the next series of results completed in the 2012 drill
program in progress at the Company's 100%-owned Ana Paula Project, Guerrero Gold
Belt (GGB). The results reported here include one hole from the ongoing
delineation of the high grade Breccia Zone located in the southeast quadrant
that indicates mineralization still remains open to the south and south west.
Results from four other holes from other quadrants continue to highlight the
robust mineralizing system that underlies the Ana Paula project, returning
strong results from all quadrants. 


Highlights from this series include:



--  Southeast Quadrant: Part of the Breccia Zone delineation program, Drill
    hole AP-12-86 tested the southern contact and continues to intersect
    strong mineralization over multiple intervals. Longer intersections
    include (in down hole sequence) 82.95 meters of 1.16 g/t Au where 2
    isolated samples less than 1.5 meters each assayed below the 0.20 g/t Au
    cut off protocol. This is followed by 81.45 meters of 2.19 g/t Au that
    includes a core 25.03 meter interval of 5.10 g/t Au. A third interval
    intersected 83.7 meters of 0.48 g/t Au where 3 isolated samples less
    than 1.5 meters assay below the cut off protocol. 
--  Southwest Quadrant: Drilling continues to outline an area of strong
    mineralization with hole AP-12-87 returned the best intersection to date
    for this area with 42.14 meters of 1.02 g/t gold and 33.8 g/t Ag,
    including a 3.05 meter intersection of 4.6 g/t Au and 423.8 g/t Ag. 
--  Northwest-Northeast Quadrant: Drill hole AP-12-85 intersected strong
    mineralization over multiple intervals, including among other
    intersects, 22.00 meters of 0.76 g/t Au, 13.93 meters of 1.03 g/t Au,
    25.95 meters of 0.57 g/t Au, 18.20 meters of 1.26 g/t Au, 16.50 meters
    of 1.24 g/t Au and 42.00 meters of 0.50 g/t Au. 
--  Northwest Quadrant: New exploration drilling got underway in this
    quadrant with encouraging results from AP-12-89, which intersected 3.90
    meters of 2.34 g/t Au and 22.9 g/t Ag and another 11.30 meters of 1.00
    g/t Au with 26.9 g/t Ag that also includes a 4.14 meter interval of 1.96
    g/t Au and 70.9 g/t Ag. 



Selected highlights from this series of drill results are presented in the
following tables. 


Southeast Quadrant - Breccia Zone Delineation

Drill hole AP-12-86 is an inclined infill hole drilled westerly from the same
drill pad as AP-12-80, 81 and 84 (March 14th, 2012 press release) that tested
the southern contact of the Breccia Zone first discovered in AP-10-19 (January
18th, 2011 PR). Results from AP-12-86 offset holes AP-10-19 and AP-10-20 25
meters to the south and indicate that mineralization remains open to the south
and southwest. Multiple mineralized intervals were intersected, including an
81.45 meter interval of 2.19 g/t Au that also includes 25.03 meters of 5.10 g/t
Au. 


AP-12-86 also intersected a 69.50 meter interval that averages 0.67 g/t Au,
including a 5.80 meter interval of 1.68 g/t Au, a 13.01 meter interval of 1.15
g/t Au, and a 20.30 meter interval of 0.68 g/t Au. This interval also includes
3.00 to 7.50 meter intervals that average less than the 0.20 g/t cut off
protocol. Further down hole, another 14.48 meter interval intersected 3.06 g/t
Au that includes a 4.45 meter interval of 9.18 g/t Au that also includes 0.52
meters of 59.00 g/t Au. Another 82.95 meter down hole interval intersected 1.16
g/t Au where two isolated samples less than 1.5 meters each were below the 0.20
g/t Au cut off protocol. Mineralization remained strong in this hole with
another 83.70 meter intersection of 0.48 g/t Au where three isolated samples
each less than 1.50 meters do not meet the cut off protocol. Other narrower
intersections occur throughout the drill hole, the deepest of which includes
31.00 meters of 0.67 g/t Au.


Preliminary modelling of the Breccia Zone as announced on September 19, 2011
indicated that it is an irregularly shaped body plunging steeply to the
south-southwest with nominal true dimensions of 250 meters by 150 meters and a
250 meter vertical depth at that time. Drill results reported since then
indicate that the Breccia Zone mineralization continues to remain open in
several directions. It also remains open at depth where it was intersected in
AP-12-70, returning 33.00 meters of 12.39 g/t Au at a vertical depth of 700
meters from surface (November 23rd, 2011 press release). While the true
thickness and dimensions of the Breccia Zone have not been determined, drilling
continues to delineate the contacts of mineralization, and geological modelling
is ongoing. Until that process is complete true widths can be assumed to be less
or equal to the reported intervals. 


Southwest Quadrant

Drill holes AP-12-87 and AP-12-88 are both east oriented drill holes that are
part of the follow up drilling to the new discovery announced in AP-11-67
(November 28th, 2011 PR). Drill hole AP-11-87, located about 150 meters north
and 500 meters west of AP-11-67, intersected the strongest mineralization to
date in this sector with a 42.14 meter down hole interval of 1.02 g/t Au and
33.8 g/t Ag. 


Drill hole AP-12-88, tested up dip of AP-11-67 and intersected multiple lower
grade intervals including 4.50 meters of 0.57 g/t Au, 4.05 meters of 1.13 g/t
Au, 2.53 meters of 0.83 g/t gold, and 4.00 meters of 0.53 g/t gold. Results of
drilling from this area continue to be positive and have confirmed a
stratigraphy of intrusions and calcareous sediments comparable to that of the
northeast quadrant, host to a lower grade bulk tonnage exploration target.
Follow up drilling in the southwest quadrant will continue to define the
continuity and geometry of these intersections and will continue to explore for
new mineralization.


Northeast and Northwest Quadrants

Drill holes AP-12-85 and 89 are both collared in the northwest quadrant, just
west of the boundary with the northeast quadrant, Drill hole AP-12-85 is an
inclined hole that drilled into the northeast quadrant, and is a new step out
hole located about 300 meters west of AP-10-14 and 15 (January 19th, 2011 press
release). AP-12-85 intersected multiple mineralized intervals. Some of the
better intersections include 22.00 meters of 0.76 g/t Au, 13.93 meters of 1.03
g/t Au, 25.95 meters of 0.57 g/t Au, 18.20 meters of 1.26 g/t Au, 16.50 meters
of 1.24 g/t Au, 9.00 meters of 2.08 g/t Au and 37.50 meters of 0.58 g/t Au. 


Additional infill and step out drilling is planned to follow up these results
that are considered comparable to the results from AP-12-82 (March 14th, 2012
press release), located about 100 meters to the south and 250 meters to the east
of AP-12-85. Both holes tested strong alteration exposed at surface.


AP-12-89 is part of the new exploration drilling planned for the northwest
quadrant, an area that remains largely untested by drilling to date. It is
collared on the same drill pad as AP-12-85, and is an inclined hole drilled to
the west. Results from this hole confirm a comparable stratigraphy to other
areas of the Ana Paula exploration area, and assays have returned encouraging
early exploration results, including a 3.90 meter down hole intersection of 2.34
g/t Au and 22.9 g/t Ag, another 11.30 meter intersection of 1.00 g/t Au and 26.9
g/t Ag that includes 4.14 meters of 1.96 g/t Au and 70.9 g/t Ag. Further
drilling is planned.


The Company has a 45,000-meter drill program for 2012 that includes plans for
completing delineation drilling of the high grade Breccia zone and infill
drilling of the surrounding lower grade mineralization located in the southeast
and northeast quadrants where the Company is working towards completing an
initial resource estimate for mid-year. The exact timing of the initial resource
estimate will depend on completing delineation of the Breccia Zone, still in
progress at this date. 2012 plans also include drill testing areas that have
seen little or no drilling to date, follow up drilling of the southwest quadrant
discovery announced in AP-11-67 (November 28, 2011 press release), and includes
new exploration drilling in the western quadrants of the one by two kilometer
Ana Paula exploration target. In addition a series of studies are already
underway including engineering studies, geological modelling, metallurgical
studies, geophysical modelling and topographic surveys. 


The Ana Paula Project is central to Newstrike's 88,000 hectare mineral claims
located 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
Mine. Ken Thorsen, a director of the Company and a qualified person under
NI43-101 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 NI43-101. 


QA-QC:

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. 


The reported 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 0.20 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. The dip of the geology and the mineralized intersections
varies across the property and the true widths are not accurately known at this
time. True width can be expected to be equal to or smaller than the reported
intervals. 


A table of all weighted grade intercepts over a 0.20 g/t cut off is available on
the Company website together with drill location maps and sections at
www.newstrikecapital.com. 




                A table of selected drill assay highlights:               
                                                                          
--------------------------------------------------------------------------
Drill                                           Interval       Au       Ag
Hole       Quad.                 From        To       (m)     g/t      g/t
--------------------------------------------------------------------------
--------------------------------------------------------------------------
AP-12-85   NW-NE                83.85     84.93     1.08     0.68    115.0
                               325.09    331.00     5.91     0.57      3.0
                               337.83    340.77     2.94     1.74      5.2
                               514.00    536.00    22.00     0.76      3.9
                  includes     520.37    534.30    13.93     1.03      5.5
                               558.65    584.60    25.95     0.57      7.9
                               623.80    642.00    18.20     1.26      1.5
                  includes     625.00    628.80     3.80     3.67      4.5
                               654.00    670.50    16.50     1.24      1.9
                  includes     658.50    667.50     9.00     2.08      2.6
                               676.50    714.00    37.50     0.58      1.8
--------------------------------------------------------------------------
AP-12-86   SE                   37.80     60.00    22.20     0.46      4.1
                                87.00     92.80     5.80     1.68      6.2
                                97.29    110.30    13.01     1.15     12.1
                  includes      97.29     99.92     2.63     2.97    37.90
                               116.30    122.75     6.45     0.62      4.0
                               136.20    156.50    20.30     0.68      2.7
                               226.01    231.40     5.39     0.92      3.4
                               264.90    274.60     9.70     0.98      4.5
                               319.80    334.28    14.48     3.06      2.1
                  includes     325.58    330.03     4.45     9.18      4.3
                  and          325.58    326.10     0.52    59.00     24.5
                               340.05    343.20     3.15     1.77      1.9
                               371.20    420.97    49.77     1.31      2.6
                               424.57    434.00     9.43     0.43      0.3
                               436.80    454.15    17.35     1.48      0.9
                  includes     443.85    446.75     2.90     5.98      4.0
                               513.95    595.40    81.45     2.19      4.9
                  includes     520.42    545.45    25.03     5.10     12.3
                               635.90    648.18    12.28     0.76      0.4
                               651.00    697.85    46.85     0.54      0.6
                               737.00    768.00    31.00     0.67      0.5
--------------------------------------------------------------------------
AP-12-87   SW                  198.00    201.72     3.72     1.08      1.7
                               415.42    457.56    42.14     1.02     33.8
                  Includes      418.4    421.45     3.05     4.60    423.8
                  and          429.15     431.4     2.25     3.24      6.7
                  and          446.78    454.12     7.34     1.37      5.1
                               621.50    636.30    14.80     0.41      0.8
--------------------------------------------------------------------------
AP-12-88   SW                   86.70     91.20     4.50     0.57      1.6
                               158.20    162.25     4.05     1.13      8.9
                               181.50    186.00     4.50     0.42      1.9
                               205.67    208.20     2.53     0.83      4.3
                               556.00    560.00     4.00     0.53      2.9
--------------------------------------------------------------------------
AP-12-89   NW                  277.00    280.90     3.90     2.34     22.9
                               489.42    500.72    11.30     1.00     26.9
                  includes     492.63    496.77     4.14     1.96     70.9
--------------------------------------------------------------------------



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 have
participated in all the Guerrero Gold Belt discoveries, including Goldcorp
Inc.'s producing Los Filos Mine and Torex Gold Resources advanced stage Morelos
Project in Guerrero State. 


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.