Strait Announces Proposed Offering of Up to $350,000

Strait Minerals Inc. ("Strait" or the "Company") (TSX VENTURE:SRD) wishes to
announce that it is offering up to 5,000,000 working capital units ("WC Units")
of the Company at a price of $0.07 per WC Unit for gross proceeds of up to
$350,000 (the "Offering"). Each WC Unit will consist of one (1) common share of
the Company and one (1) share purchase warrant (each a "WC Warrant"). Each WC
Warrant will entitle the holder to acquire an additional common share at the
price of $0.12 per share for twelve (12) months following the closing of the
Offering. The Company may pay finder's fees of up to 3% cash plus up to 7%
Compensation Warrants for funds raised by eligible finders for the sale of WC
Units. Each Compensation Warrant entitles the finder to acquire one (1)
compensation unit at a price of $0.07 (the "Compensation Units") for each WC
Unit sold for twelve (12) months from the closing of the Offering. Each
Compensation Unit entitles the finder to acquire a WC Unit comprised of one (1)
common share priced at $0.07 and one (1) WC Warrant.


The proceeds from the Offering will be used for general working capital.

Insiders of the Company may subscribe for up to 10% of the Offering. The insider
private placements are exempt from the valuation and minority shareholder
approval requirements of Multilateral Instrument 61-101 ("MI61-101") by virtue
of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in
that the fair market value of the consideration for the securities of the
Company to be issued to insiders does not exceed 25% of its market
capitalization.


About Strait Minerals Inc.

Strait Minerals Inc. is a Canadian mineral exploration company active solely in
Peru since 2003 and listed on the TSX Venture Exchange. It holds a 100% interest
in the Alicia copper-gold property which lies within the Andahuaylas-Yauri
copper belt approximately 500 km southeast of Lima. Strait has granted Teck Peru
S.A., a wholly owned subsidiary of Teck Resources Limited, an option to earn up
to a 75% interest in the property by, among other things, spending $30 million
on exploration or by spending $10 million on exploration and delivering a
pre-feasibility study. The Company also holds an option to earn a 100% interest
in the Caribe copper-molybdenum property approximately 80 km west of Alicia and
holds a 100% interest in both the Letra Rumi South base metals property and the
Culebrilla precious metals property approximately 250 km north of Lima. The
Company continuously reviews exploration opportunities in Peru and is actively
seeking additional projects. Please visit our web site at
www.straitminerals.com.


Forward-Looking Statement: Some of the statements contained herein may be
forward-looking statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding potential mineralization
and resources, exploration results, and future plans and objectives of the
Company are forward looking statements that involve various risks. The following
are important factors that could cause the Company's actual results to differ
materially from those expressed or implied by such forward-looking statements:
changes in the world wide price of mineral commodities, general market
conditions, risks inherent in mineral exploration, risks associated with
development, construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital. There can be
no assurance that forward-looking statements will prove to be accurate as actual
results and future events may differ materially from those anticipated in such
statements. Strait undertakes no obligation to update such forward-looking
statements if circumstances or management's estimates or opinions should change,
except as required by law. The reader is cautioned not to place undue reliance
on such forward-looking statements.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strait Minerals Inc.
Jim Borland
President
416-272-7387
[e-mail]
www.straitminerals.com