GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINK SHEETS:ADRAF)(FRANKFURT:KCG1)
and Petro One Energy Corp. (TSX VENTURE:POP)(PINK SHEETS:CUDBF)(FRANKFURT:C6K1)
are pleased to report that rock samples of angular, silicified schist taken from
surface felsenmeer on the Lucky Strike property in the White Gold District have
returned values as high as 3.06 g/t Au to date. With less than 5 per cent
outcrop on the property this is considered to be a very encouraging result. A
total of 101 reconnaissance soil samples collected to date over a large area of
the property have returned values ranging from 15 to 256 ppb Au. They outline a
7 km long northwest structure that has been confirmed by geophysics and
prospecting, as well as a series of cross-cutting northeast structures that are
also evident on the geophysics. Because soil geochemistry is commonly masked by
felsenmeer, volcanic ash and permafrost, deep auger drilling was employed and
was successful in identifying new gold anomalies and enhancing existing gold
anomalies that are more representative of the unglaciated bedrock. Active placer
claims are located less than 1 km from the property boundary. 


The Lucky Strike property is flanked by the Kinross Golden Saddle property and
claims staked by Shawn Ryan. The Lucky Strike property occurs in the same
package of rocks as Kaminak's high profile Coffee Creek gold discovery, and
based on the results of the Phase I program it is now showing many of the same
initial indicators as Coffee Creek, including similar geology, geophysics,
structure, gold geochemical values and alteration. Goldstrike has already
mobilized a Phase II program on the Lucky Strike property to include mapping and
mechanized trenching in preparation for diamond drilling. 


First pass exploration on all of Goldstrike's 24 Yukon gold projects is almost
complete, and all significant results will be released as they become available.
Based on positive results, a second phase of exploration consisting of mapping
and trenching in preparation for drilling is planned to commence on these
properties in the immediate future, and this is to be completed by the end of
October. Goldstrike has a diamond drill and crew in Dawson that are ready to
test all targets generated. Results will be released as they become available.


On the KZ-STRIKE property (contiguous with Rockhaven's Klaza discovery in the
Mt. Nansen Gold Camp), reconnaissance soil samples returned anomalous values up
to 405.5 ppb and 116.5 ppb Au, further confirming the presence of gold on the
property, in addition to the historic 500 ppb Au value 50 previously reported.
Further study and compilation is ongoing to lay out a Phase II program for the
KZ-STRIKE property.


Goldstrike has completed the first pass exploration programs on most of its 24
Yukon gold properties to date, and expects to report a steady flow of news as
significant results become available.


As previously reported, Petro One has a 30% carried interest in the Lucky Strike
property, as well as being a large shareholder in Goldstrike Resources.


"We are very encouraged by these preliminary results that confirm the potential
of the Lucky Strike property to host one or more significant gold discoveries
similar to Coffee Creek", said Petro One's President Peter Bryant. "As a
significant shareholder in Goldstrike Resources, Petro One will have exposure to
22 highly prospective properties in addition to the BRC and Lucky Strike
properties optioned to Goldstrike by Petro One, for a total of 24 properties
that cover all of the most active gold camps in the Yukon at this time, and are
expected to add significant shareholder value. We look forward to receiving the
exploration results with much anticipation."


The technical data in this news release has been reviewed and approved by Trevor
J. Bremner, P. Geo., who is a qualified person as defined in National Instrument
43-101. For more detailed information on these properties, refer to Goldstrike's
web site at goldstrikeresources.com.


ON BEHALF OF THE BOARDS



"Reimar Koch"                                                 "Peter Bryant"
President                                                         President 
Goldstrike Resources Ltd.                             Petro One Energy Corp.

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