Strike Minerals Provides Default Status Report

Strike Minerals Inc. (TSX VENTURE:STK) ("Strike" or the "Company") announces
that it has been granted a Temporary Management Cease Trade Order (the
"Temporary MCTO") by its principal regulator, the Ontario Securities Commission.
As previously announced on August 30, 2013, a MCTO was made by the Company in
respect of the late filing of the Company's its annual financial statements,
accompanying Management's Discussion and Analysis and related CEO and CFO
certifications of annual filings for the financial year ended April 30, 2013
(collectively, the "Required Filings ").


The Temporary MCTO restricts all trading in securities of the Company, whether
direct or indirect, by the Chief Executive Officer, the Chief Financial Officer
and the directors of the Company, until such time as the Required Filings have
been filed by the Company. All other parties are permitted to freely trade in
the Company's securities. The OSC has given notice of a hearing to be held on
October 1, 2013 for the purposes of making the Temporary MCTO permanent if the
Company has not remedied the default in the filing the Required Filings. 


As previously announced, the Company was not in a position to timely file its
Required Filings, primarily as a result of additional time required to secure
financing, and subsequently for its auditors to complete the audit of the
Company's annual financial statements. The Company's board of directors and its
management confirm that they are working expeditiously with the Company's
auditors to meet the Company's obligations relating to the filing of the
Required Filings, and the Company continues to expect to file the Required
Filings on or before October 28, 2013. 


The Company confirms that it will satisfy the provisions of the alternative
information guidelines under Section 4.4 of National Policy Statement 12-203
respecting Cease Trade Orders for Continuous Disclosure Defaults, for so long as
it remains in default, by issuing bi-weekly default status reports in the form
of further news releases, which will also be filed on SEDAR. The Company
confirms that there are no insolvency proceedings against it as of the date of
this news release. The Company also confirms that there is no other material
information concerning the affairs of the Company that has not been generally
disclosed as of the date of this news release.


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, ability to raise funds,
dependence upon regulatory approval. 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. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strike Minerals Inc.
Kerry Smith
President
[e-mail]
[e-mail]