Strike Minerals Reports Additional Recent Drill Results at Schreiber

Strike Minerals Inc. (TSX VENTURE:STK) ("Strike" or the "Company") announces
additional results from drill hole HH -12-02 recently completed on the Harkness
Hays Property. The property is located in the Hemlo - Schreiber greenstone belt
of northwestern Ontario, approximately 200 km east of Thunder Bay, and 70 km
west of Hemlo. 


The hole intersected a number of sections of quartz veining, vein breccia and
stock-work veining and abundant pyrite mineralization, both within the veining
and in the vein margins. Quartz veining contains highly silicified fragments of
host mafic volcanics with up to 20% agglomerations and fractured cubes of
pyrite. 


Hole #2, HH-12-02 (UTM 483968E, 5404975N, Az 310, dip -25) intersected stockwork
quartz veining and vein breccia containing abundant pyrite and 4 grains and
twelve specks of visible gold within pyrite cube fractures and also resting on
the pyrite agglomerations.




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Grade g/t                     Length          True Width     Down-hole depth
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20.61 (VG)                      2.2m               1.56m    (i)20.61 - 22.81
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Including 112.0                 0.4m               0.28m                    
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NEW RESULTS                                                                 
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8.53                             .6m               0.42m       114.5 - 115.1
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This intersection is 35 metres below horizontal, and approximately 95 metres
below the top of the ridge. The location of the intersection may be a depth
extension of gold mineral zones that were previously explored by historical
adits at the top of the ridge. Assays were carried out at AGAT Laboratories by
fire assay - Trace Au-ICP-OES Finish. 


We are currently awaiting assays for Hole #3. 

Historical work on the Harkness- Hays property focused on surface exposure of
auriferous quartz veining, and on the development of adits and tunnels into the
side of the predominant ridge on the property. Strike management is excited at
the prospect of intersecting auriferous veining at depth below the ridge,
indicating that potential zones are open both laterally and at depth. 


Strike is completing the preparation of mining plans and budgets to enable the
commencement of mining of the Edwards #1 vein. Included in this process are
securing a milling agreement, developing a proper mining plan and securing
sufficient financing to permit the economic development of the Edwards #1 gold
vein. 


All technical information in this press release has been reviewed and approved
by Mike Newbury, P.Eng. who is a Qualified Person ("QP") under National
Instrument 43-101. On site sampling was supervised by Bruce Edgar, P. Geol.


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 is now
continuing 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 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 will
conduct 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.