Goldstrike “GSR” Closes $1.47 Million Private Placement

Goldstrike “GSR” announced that its non-brokered private placement completed on June 15 and has raised $1,477,875.30 by issuing the following:

750,000 units at the price of $0.75 per unit to raise gross proceeds of $562,500.00. Each unit is
comprised of one flow-through common share and one non-flow-through common share, with
$0.40 of the subscription price allocated to the flow-through share and the other $0.35 of the
subscription price allocated to the non-flow-through share.
2,615,358 units at the price of $0.35 per unit to raise gross proceeds of $915,375.30. Each unit
is comprised of one common share and one-half of a share purchase warrant. Each full warrant
entitles the holder to purchase one additional common share at the price of $0.80 until June 15,
2014, subject to acceleration at the Company’s option if its shares close at $1.20 or higher for
ten (10) consecutive trading days at any time after four months after Closing.

The net proceeds will be used to fund the 2012 exploration program on its Yukon mineral properties and for general working capital.

Goldstrike “GSR”: New Gold Discovery Extends Yellow Giant Trend to 25km, Remains Open

Goldstrike “GSR” has discovered a new zone of gold mineralization in a newly staked extension to the Plateau South property which assayed 4.738 g/t gold and 6,852 parts per million arsenic from a rock grab sample taken from outcrop/subcrop.  The gold-mineralized sample of grey quartz was taken during expansion staking by Yukon prospector Tom Morgan, in a newly identified 2 km by 600m area with massive quartz veining and stockwork that remains open.  This showing further confirms the significant gold potential within a west-northwest to east-southeast corridor referred to as the Yellow Giant trend.  This trend extends for at least 25 km, is largely unexplored along its entire length and remains open.

“The Plateau area as a whole has many indications of a new emerging gold district,” said Goldstrike president Terrence King.  “The results from the 2011 exploration season far exceeded our expectations with nine new gold discoveries made including Plateau, Summit, Big One, Livingston and Lucky Strike, to name a few. Goldstrike looks forward to a busy 2012 as it works to exploit the full potential of the Plateau area, as well as its other eight stand-alone new gold projects.”

Goldstrike Resources “GSR”

There has been so much news as of recent from Goldstrike Resources (TSX.V-GSR) that it has been hard to keep up with posting it all.  Today again there was news that Goldstrike samples 11.34 g/t Au at Plateau North, one of the 24 properties that this company holds.  The following is a quote from today’s news that sums up recent events:

“With less than two weeks of exploration, our geological team has made a significant discovery that we interpret as an extensive Carlin-style gold mineralized zone (the Gold Rush Zone) that remains open,” said Goldstrike President Reimar Koch. The team has taken virgin ground on several properties from project generation through to a drill-ready stage in a very short period of time. The Gold Rush Zone has strong potential to be a company builder. I look forward to reporting the remaining assays outstanding on Plateau North among many other projects, and the planned drill program, with much anticipation.”

Here are dates and headlines of recent  news on the Company:

Nov 15/11:  Goldstrike Identifies Drill Target on Oliver Gold Property

Nov 9/11:  Goldstrike Discovers Drill Ready Gold Zones at Livingstone

Nov 7/11:  Goldstrike Discovers Visible Gold Grading 4.65 ounces per ton (159.5 g/t) on Yellow Giant

Nov 2/11:  Goldstrike Discovers 5.3 g/t Gold in Outcrop on New 4 KM Gold Trend

Oct 31/11:  Goldstrike Finds 18.56 g/t Gold in New 11 KM Gold Trend

Sep 13/11:  Goldstrike Discovers Carlin-Style Gold Mineralization in Yukon

Sep 1/11:  Goldstrike Discovers Intrusive Related Gold Mineralization in Yukon