Strike Minerals Reports +/- 95% Initial Mill Gold Recovery Test Results

Strike Minerals Inc. (TSX VENTURE:STK) ("Strike" or the "Company") announces
initial mill testing of mineralized material from the Edwards #1 vein at its
Edwards Mine project in Jacobson township near Wawa, Ontario.


The Company engaged Activation Laboratories Ltd. ("Actlabs") to determine the
gold beneficiation characteristics in respect to gravity concentration and
flotation of the samples provided by Strike Minerals.


The first was a Gravity Recoverable Gold Test (GRG) on a Knelson Concentrator.
The GRG test is a widely accepted industry test used to determine the
theoretical maximum amount of gold that can be recovered by gravity. Five
flotation tests were performed on samples with 5 different collectors/promoters
to determine which reagent suite gives better recovery and grade.


The results of the GRG indicate that cumulatively 77.57% of the gold in the
sample is able to be recovered by gravity concentration, which indicates an ore
highly amenable to gravity concentration methods. With a single pass through the
concentrator, a lower volume of concentrate was collected and the recovery of
gold was lower at 67.5%. However a lab-scale Knelson concentrator has a much
smaller area for concentrate collection and a full-scale model should be able to
achieve recoveries similar to that obtained in the GRG test.


A number of flotation reagents were examined and considered for testing. With
the desire to use the flotation tailings as backfill material, environmentally
friendlier chemicals were researched. It was determined though that, since only
very small dosages of flotation collectors are used and only a very small
portion of collector would remain with the tailings slurry and even less once
the backfill has been dewatered, the choice of collector should focus on gold
recovery achieved. These test indicated that gold flotation would result in a
95.29% gold extraction.


The recovery of gold using only flotation resulted in a recovery of 95.3% and
the combination of gravity and flotation yielded an overall recovery of 94.7%.
Although similar, the concentrate grade achieved by gravity and flotation
concentration was double that of simple flotation and therefore may be the
better option if direct smelting or sale of the concentrate is desired.


This test work was undertaken to provide Strike details on the beneficiation
performance of its ore in the continuing development of the Edwards mine
project. The results can be provided to existing mills to determine the
parameters for negotiation of a custom milling agreement. The results can also
be used by Strike to prepare a flow-sheet and mass balance calculations for the
design of its own milling facilities. Strike is in the initial stages of the
identification and sourcing of mill processing equipment to construct a 200 tpd
facility on site.


Strike has also taken one full lift on the Edwards #1 vein resulting in
approximately 300 tonnes of muck. This material will be sampled and added to the
surface stockpile. Back sampling along the 23.3 metre vein length prior to
blasting averaged 24.45 g/t Au over a 1.5 metre width.


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, Ontario. 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 290m and mining over the
period resulted in 145,000 ounces being produced from the Edwards property at an
average grade of 0.39 opt. At present Strike has dewatered the underground
workings below the 140m level and has conducted underground drifting on both the
60m and 90m level with the plan to be in production in 2013.


Strike also has a large land position in the Hemlo West area near Schreiber,
Ontario. This property contains a number of historic producers that produced
small tonnages of very high grade gold mineralization, averaging approximately
18-25 g/t Au, between 1935 and 1937, generally associated with shear zones in
the region. The southern claims contain an extension of the Afric gold zone that
Noranda Inc., in 1995-97, calculated a non-NI-43-101 compliant, near surface
"geological resource" of 2.0 million tonnes grading 2.20 g/t gold (140,000
ounces). This estimate was based on the completion of 20 drill holes. Strike is
planning to conduct surface exploration and drilling on the property to test the
continuity of the historical mining zones and the Afric zone in 2013.


Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the
future performance of Ring of Fire Resources Inc. Forward-looking statements,
specifically those concerning future performance, are subject to certain risks
and uncertainties, and actual results may differ materially from the Company's
plans and expectations. These plans, expectations, risks and uncertainties are
detailed herein and from time to time in the filings made by the Company with
the TSX Venture Exchange and securities regulators. Ring of Fire Resources Inc.
does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strike Minerals Inc.
Kerry Smith
President
[phone] ext 225 or cell [phone]
[e-mail]