GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR) has retained the Vancouver-based
firm of King James Capital Corporation to conduct media awareness and investor
relations programs on behalf of the Company. 


Headed by Mr. Jeff Stuart, King James is a media-relations specialist focused on
the natural resource sector. Mr. Stuart has worked as a licensed Investment
Advisor and with several public companies. He has been involved in arranging
financing for mining exploration and development projects in Canada, the United
States, Mexico, Venezuela and Guyana. He has extensive financial community
contacts throughout North America and Europe, and will assist the Company in
communicating the results of its 2011 exploration program in the Yukon to the
investment community.


The Company has agreed to pay King James Capital a fee of $1,500 per month on a
month-to-month basis, and has granted it options to purchase up to 100,000
common shares at $0.70 per share for a period of five years, subject to earlier
termination in accordance with their terms. The options will vest and become
exercisable as to 25% on the last day November 5, 2011 and as to an additional
25% each three months thereafter.


The Company has also granted incentive stock options exercisable to purchase up
to an aggregate of 3,290,000 shares of the Company to the Company's Chief
Financial Officer and to several consultants to the Company. 2,900,000 options
are exercisable at the price of $0.70 per share until August 5, 2021, subject to
any earlier termination in accordance with their terms. The balance of the
options will vest as to 8.34% each three months over 36 months and, subject to
vesting, will be exercisable at the price of $0.70 per share until August 5,
2016, subject to any earlier termination in accordance with their terms.


All option grants are subject to acceptance by the TSX Venture Exchange. Shares
issued pursuant to the exercise of such options will not be subject to resale
restrictions.


Goldstrike is a well-financed mineral exploration company with twenty-four
discrete exploration projects in the Yukon. For more detailed information on
these properties and the Company, refer to Goldstrike's web site at
www.goldstrikeresources.com. 


GOLDSTRIKE RESOURCES LTD.

Reimar Koch, President

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