Strike Minerals Announces Results of the Annual General Meeting

Strike Minerals Inc. (TSX VENTURE:STK) held its Annual General Meeting ("AGM")
on October 19, 2012. At the meeting the shareholders approved the following
resolutions:


Directors of the company elected to hold office for the ensuing year or until
their successors is appointed: Denis Crane, Michael Newbury, Michael S.
Harrington, Wendy Kimmel, Bruce Edgar and Scott Jobin-Bevans.


The appointment of NPT LLP as auditors for the Corporation for the fiscal year
ending April 30, 2012 and their remuneration to be fixed by the Directors.


The issuance of up to 90 million common shares during the ensuing year for the
purposes of private placement financing or asset acquisition. This is in
addition to the regular private placement dilution for fund raising as allowed
by the TSX.V


Re-approved the Company's rolling Stock Option Plan.

Board of Directors Meeting Following the Annual General Meeting completed the
following:




Executive appointments:                                                     
Chairman of the Board      Denis Crane                                      
Chief Executive Officer    Michael Newbury                                  
President                  Kerry Smith                                      
Chief Financial Officer    Robert Suttie                                    
Corporate Secretary        Wendy Kimmel                                     
                                                                            
Audit Committee - Michael S. Harrington (Chair), Denis Crane and Scott      
Jobin-Bevans                                                                
Compensation Committee - Wendy Kimmel (Chair), Michael S. Harrington and    
Denis Crane                                                                 
Finance Committee - Denis Crane (Chair), Michael S. Harrington and Michael  
Newbury                                                                     



Strike also announces that it has closed a non-brokered private placement (the
"Offering") of 836,181 flow-through units ("FT Units") for gross proceeds of
$71,075.38 and 250,000 non flow-through units ("Non-FT Units") for gross
proceeds $17,500.00 and, together with the FT Units, the "Units") for total
gross proceeds of $88,575.00.  


Each Unit consists of one common share and one common share purchase warrant,
each whole warrant entitling the holder to acquire one additional common share
at an exercise price of $0.12 within 36 months of closing, subject to a forced
conversion right exercisable by the Company upon 30 days' written notice in the
event that the common shares trade at or above $0.18 per share on the TSX
Venture Exchange for a period of 30 consecutive trading days.  


Jennings Capital Inc. and Canaccord Genuity Corp. acting as finders, received
cash commissions of $7,085.65, and 86,894 Compensation Options. The securities
are subject to a four month hold period.  


The proceeds of the Offering will be used to fund exploration programs on the
company's Edwards Mine property and for general working capital purposes. 


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 Ont. Historic production in the camp between 1930 and 2001 is
estimated at 500,000 ounces. Between 1996 and 2001 underground development was
completed through a decline to a depth of approximately 290 m and mining over
the period resulted in 145,000 ounces being produced from the Edwards property
at an average grade of 0.335 opt. Subsequent drilling on the property has
delineated an additional five zones that have significant gold mineralization.
At present Strike has dewatered the underground workings below the 140m level
and is now continuing underground drifting on both the 60m and 90m level and
delineated the Edwards #1 and #5 zones with the plan to be in production in
2012. 


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 is
conducting an initial program of surface geological and alteration mapping on
the Property with a goal of increasing the understanding of the geologic and
structural relationships on the Property in preparation for drill testing to
assess the extent and value of the mineralization. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strike Minerals
Kerry Smith
President
[phone] ext. 225, or Cell: 416-573-0840
[e-mail]
www.strikeminerals.com