Strike Minerals Development Update at the Edwards Mine Project

Strike Minerals Inc. ("Strike") (TSX VENTURE:STK) announces that the company is
still planning the underground development plan on the Edwards #1 and #5
delineated gold mineralized zones on the 60m level of the Company's Edwards
Mine, 50 km NE of Wawa, Ontario. 


The dewatering is now at 140m and underground development work continues to
extend existing workings for on the 60m level and on the 90m level. The drifting
is planned to cut a number of mineralized zones where historical diamond drill
holes have indicated high grade gold values between surface and the 100 metre
level. 


On the 60m level the Edwards #1 quartz vein that had significant gold values
(See P.R. May 23, 2012 and June 6, 2012) was followed for a total distance of
21m. Face chip samples have been taken at each have a weighted average assay is
25.45 g/t Au over an average 1.5 metre vein width. The Company has now completed
one lift on the zone resulting in approximately 225 tonnes of material. Samples
have been taken and sent for assay.  


To date, development mining on the veins has produced and placed on surface
approximately 1,100 tonnes of material with an average grade of 12.83 gpt from
the Edwards #1 vein and 2,000 tonnes grading 2.0 gpt from other underground
development. 


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 oz being produced from the Edwards property at an
average grade of 0.39 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 has now
completed underground drifting on both the 60m and 90m level and is drifting on
both the Edwards #1 and #5 zones with the plan to be in production in 2013.  


Michael Newbury, P. Eng (ON), a "qualified person" as such term is defined by
National Instrument 43-101 and an officer and director of Strike has verified
the data disclosed in this news release, and has otherwise reviewed and approved
the technical information in this news release on behalf of Strike. On site
management of the sampling was managed by Bruce Edgar, P. Geol. a director of
Strike.


Forward-Looking Statements 

This Press Release may contain statements which constitute "forward-looking
statements" including statements regarding the plans, intentions, beliefs and
current expectations of the Company, its directors, or its officers with respect
to the future business activities and operating performance of the Company. The
words "may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions, as they relate to the
Company, or its management, are intended to identify such forward-looking
statements. Investors are cautioned that any such forward-looking statements are
not guarantees of future business activities or performance and involve risks
and uncertainties, and that the Company's future business activities may differ
materially from those in the forward-looking statements as a result of various
factors. Such risks, uncertainties and factors are described in the Company's
periodic filings with he Canadian securities regulatory authorities, including
the Company's Annual Management Information Circular and quarterly and annual
Management's Discussion & Analysis, which may be viewed on SEDAR at
www.sedar.com. Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking statements prove incorrect,
actual results may vary materially from those described herein as intended,
planned, anticipated, believed, estimated or expected. Although the Company has
attempted to identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that cause
results not be as anticipated, estimated or intended. The Company does not
intend, and does not assume any obligation, to update these forward-looking
statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strike Minerals
Kerry Smith
President
[phone]
[e-mail]
www.strikeminerals.com