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RHR

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Share Name Share Symbol Market Type
TSXV:RHR TSX Venture Common Stock
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United States Forest Service Publishes Draft EIS for Strathmore's Roca Honda Uranium Project

18/03/2013 6:21pm

Marketwired Canada


STRATHMORE MINERALS CORP. ("Strathmore" or the "Company") (TSX:STM)(OTCQX:STHJF)
announces that the US Forest Service ("USFS") has published the Draft
Environmental Impact Statement ("DEIS") for the Company's Roca Honda uranium
project in New Mexico. The Roca Honda project is 60% funded by Strathmore and
40% funded by Sumitomo Corporation of Japan under the terms of the Roca Honda
Resources LLC ("RHR") Joint Venture.


The issuance of the DEIS represents the culmination of over three years of work
by the USFS in association with Mangi Environmental Group, the third party
independent consultant contracted to assist with the preparation of the DEIS. A
number of State of New Mexico agencies, including the New Mexico Energy,
Minerals & Natural Resources Department, Mining and Minerals Division ("MMD"),
also provided significant input to its preparation.


Notice of availability of the DEIS was published in the Federal Register, the
Daily Journal of the United States Government, on March 15, 2013, and the
document has been posted on the USFS and MMD websites. The publication of the
DEIS officially starts the 60 day public comment period. Two "open-house" public
meetings, to be held in Grants and Gallup, New Mexico, have been tentatively
scheduled in mid-April, to provide an opportunity for the public to discuss the
project, and submit oral and written comments. This process will ultimately lead
to the completion of the Final Environmental Impact Statement and the Roca Honda
mine permit Record of Decision expected later this year.


A copy of the DEIS has been posted the Strathmore's website:
www.strathmoreminerals.com. 


Roca Honda Project Summary

The Roca Honda Property is situated on public lands managed by the US Forest
Service and the State of New Mexico, in the Grants Uranium District, New Mexico.
This project is 60% funded by Strathmore and 40% funded by Sumitomo Corporation
of Japan under the terms of the RHR LLC Joint Venture.


In October 2009, the RHR LLC Joint Venture submitted a mine permit application
for the proposed underground development of the Roca Honda Property. In November
2009, the mine permit application was deemed "administratively complete", by
federal and state regulatory agencies, thereby initiating the technical review
process. In February 2010, Mangi Environmental Group was chosen as the
independent consultant contracted to assist the USFS with the preparation of the
EIS. In August 2012, Roscoe Postle Associates Inc. ("RPA") completed an updated
NI 43-101 compliant mineral resource estimate and Preliminary Economic
Assessment ("PEA") for the uranium resources outlined to date at Roca Honda. The
updated NI 43-101 resource estimate prepared by RPA confirms Roca Honda as one
of the highest grade uranium deposits in the United States. In March 2013, the
USFS published the DEIS for public comment.


Summary of Roca Honda Mineral Resources:



Measured and Indicated Resources:                                           
                                                        Grade %             
Classification                                   Tons      U3O8      Lb U3O8
----------------------------------------------------------------------------
                                                                            
Measured                                      284,000     0.395    2,247,000
Indicated                                   1,793,000     0.405   14,536,000
----------------------------------------------------------------------------
                                                                            
Total M+I                                   2,077,000     0.404   16,783,000
                                                                            

Inferred Resource:                                                          
                                                        Grade %             
Classification                                   Tons      U3O8      Lb U3O8
----------------------------------------------------------------------------
                                                                            
Inferred                                    1,448,000     0.411   11,894,000



Notes: CIM definitions were followed for Mineral Resources; Mineral Resources
are estimated using a cut-off grade of 0.13% U3O8; a minimum mining thickness of
six feet was used; numbers may not add due to rounding.


The modeling and estimation of the uranium resources were prepared under the
supervision of Patti Nakai-Lajoie, P.Geo., & Principal Geologist with RPA at
that time. Ms. Nakai-Lajoie is a Professional Geoscientist in the Province of
Ontario and an independent and Qualified Person as defined in NI 43-101. Ms.
Nakai-Lajoie visited the Roca Honda Property on May 10-12, 2011 and is of the
opinion that the data verification procedures support the geologic
interpretations and confirm the quality of the database. It should be noted that
mineral resources, which are not mineral reserves, do not have demonstrated
economic viability.


Further information is available by referencing the Roca Honda NI 43-101
technical report entitled, "Technical Report on the Roca Honda Project, McKinley
County, New Mexico, USA", prepared for Roca Honda Resources, LLC, by Roscoe
Postle Associates Inc., and dated August 6th, 2012. Report for NI 43-101
Including Updated Minerals Resource Estimate and Preliminary Economic
Assessment.


The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in NI 43-101 and reviewed by
David Miller, CEO for Strathmore Minerals Corp., a qualified person under NI
43-101.


STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in
the strategic acquisition, exploration and development of mineral properties in
the United States. Headquartered in Vancouver, British Columbia with a branch
administrative office in Kelowna, the Company also has U.S. based Development
Offices in Riverton, Wyoming and Santa Fe, New Mexico. 


STRATHMORE MINERALS CORP. Common Shares are listed on the TSX under the symbol
"STM" and trade on the OTCQX International electronic trading system in the
United States under the symbol "STHJF".


This press release contains "forward-looking information" that is based on
Strathmore Minerals Corp.'s current expectations, estimates, forecasts and
projections. This forward-looking information includes, among other things,
statements with respect to the permitting and development plans and draft EIS
for the Company's Roca Honda Property. The words "may", "would", "could",
"should", "will", "likely", "expect," "anticipate," "intend", "estimate",
"plan", "forecast", "project" and "believe" or other similar words and phrases
are intended to identify forward-looking information.


Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause Strathmore's actual results, level of activity,
performance or achievements to be materially different from those expressed or
implied by such forward-looking information. Such factors include, but are not
limited to: uncertainties related to the historical resource estimates, the work
expenditure commitments; the ability to raise sufficient capital to fund future
exploration or development programs; changes in economic conditions or financial
markets; changes in input prices; litigation; legislative, environmental and
other judicial, regulatory, political and competitive developments;
technological or operational difficulties or an inability to obtain permits
required in connection with maintaining, or advancing projects; and labour
relations matters.


This list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully and readers
should not place undue reliance on such forward-looking information. Such
forward-looking statements are made as of the date of this press release and the
Company assumes no obligation to update or revise them to reflect new events or
circumstances, except as required by law.


ON BEHALF OF THE BOARD:

David Miller, CEO


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strathmore Minerals Corp.
Craig Christy
Investor Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com

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