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STK

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Share Name Share Symbol Market Type
TSXV:STK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Strike Minerals Provides Default Status Report

02/12/2013 9:36pm

Marketwired Canada


Strike Minerals Inc. (TSX VENTURE:STK) ("Strike" or the "Company") is providing
this bi-weekly Default Status Report in accordance with National Policy 12-203
-Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On
September 19, 2013 the Company disclosed the default notice (the "Default
Notice") that, for the reasons disclosed in the Default Notice, there would be a
delay in the filing of 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 "). 


As a result of this delay in filing the Required Filings, a management cease
trade order ("MCTO") was granted to the Company. The 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. The MCTO does not
affect the ability of all other shareholders who are not insiders of the Company
to trade their securities. 


The Company also confirms that since the issuance of the MCTO, there has not
been any material change concerning the affairs of the Company that has not been
disclosed as of the date of this news release.  


The Company has entered into a non-binding letter of intent that is under
consideration, and is negotiating with other parties. Strike hopes that it will
be in a position to remedy the default within four to six weeks from the timing
of the first advance under the proposed financing. While the Company is actively
pursuing this financing opportunity, there is no certainty that a financing will
occur, and there is no certainty that Strike's secured creditors will continue
to forbear. 


F orward-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
kerry.smith@strikeminerals.com
info@strikeminerals.com

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