StrikePoint Returns Poundmaker Property to Wildcat

CALGARY, March 22 /CNW/ -- 

(TSXV: SKP)       (OTCQX: STKXF)





 


CALGARY, March 22 /CNW/ - StrikePoint Gold (TSXV: SKP) (OTCQX: STKXF) announces that it will not
 acquire an interest in the Poundmaker property not having completed the
 2010 and 2011 expenditures required to earn an interest in the
 property. Wildcat Exploration Ltd. (TSXV: WEL) has been advised of this
 decision and both companies are working cooperatively to transfer
 technical data and assessment work documentation to maintain the claims
 in good standing. The Poundmaker Property was being explored under the
 provisions of an option agreement with Wildcat Exploration (See Press
 Release February 26, 2010).


StrikePoint's decision to limit optional expenditures were external to
 the merits of the Poundmaker property, namely the decision to focus on
 the Strike Point Property joint venture with San Gold Corporation (TSX:
 SGR); other 100% owned properties in the Rice Lake gold belt, and on
 the Dufferin Mine project in Nova Scotia.


This press release has been reviewed by Daniel A. Beauchamp, B.Sc.,
 P.Geol., StrikePoint Gold's Qualified Person under National Instrument
 43-101.


Neither 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.


This news release contains forward-looking statements relating to the
 future operations of the Corporation and other statements that are not
 historical facts. Any statements that are contained in this news
 release that are not statements of historical fact may be deemed to be
 forward-looking statements. Such forward-looking statements are subject
 to important risks, uncertainties and assumptions. The reader is
 cautioned that assumptions used in the preparation of any
 forward-looking information may prove to be incorrect. Events or
 circumstances may cause actual results to differ materially from those
 predicted, as a result of numerous known and unknown risks,
 uncertainties, and other factors, many of which are beyond the control
 of StrikePoint. As a result, we cannot guarantee that any
 forward-looking statement will materialize and the reader is cautioned
 not to place undue reliance on any forward-looking information. Such
 information, although considered reasonable by management at the time
 of preparation, may prove to be incorrect and actual results may differ
 materially from those anticipated. Forward-looking statements contained
 in this news release are expressly qualified by this cautionary
 statement. The forward-looking statements contained in this news
 release are made as of the date of this news release, and StrikePoint
 does not undertake any obligation to update publicly or to revise any
 of the included forward-looking statements, whether as a result of new
 information, future events or otherwise, except as expressly required
 by Canadian securities law.



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