GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINK SHEETS:APRAF)(FRANKFURT:KCG1) -

As a result of a review by the British Columbia Securities Commission, the Company is issuing the following press release to clarify its disclosure.

The Commission recently advised the Company that it had reviewed the Company's March 31, 2011 and June 30, 2011 interim financial statements (the "Interim Statements") and the related Management's Discussion and Analysis (the "Interim MD&A") (collectively the "Disclosure Documents") relating to the Company's transition to International Financial Reporting Standards ("IFRS"), and provided comments directed at helping the Company to comply with securities regulation and to improve the quality of disclosure provided to the Company's shareholders and other investors. The Company has amended its Disclosure Documents to address the Commission's comments and has filed the amended Disclosure Documents on SEDAR.

The following is a summary of the Commission's comments:

--  The Interim Statements did not include certain detailed information
    required by International Auditing Standards ("IAS"), and did not
    include reconciliations from generally accepted Canadian accounting
    principles ("GAAP") to IFRS; 
--  The Interim Statements did not include explanations of certain changes
    in financial positions, included notes that were not required and
    included errors in amounts reported; 
--  The Interim MD&A did not contain all information required by NI 51-102
    to explain various changes from the preceding period(s), did not
    indicate the accounting principles with which the financial information
    was prepared - either GAAP or IFRS - and did not, in respect of related
    party disclosure, include the identity of the related party, the
    business purpose of the transaction and the recorded amount of the
    transaction; 
--  The June 30, 2011 MD&A did not identify the qualified person who
    prepared or approved the technical / geological information in the MD&A,
    or his relationship to the Company; 
--  The June 30, 2011 MD&A did not contain the level of disclosure required
    by NI 43-101 in respect of the exploration work completed during the
    quarter and overall results received, and reported various mineral
    resources for adjacent properties without the details of resource
    category, tonnes and grade required by NI 43-101. 

The amended Interim Statements and Interim MD&A may be reviewed on SEDAR at sedar.com. For more detailed information on these properties, refer to Goldstrike's web site at goldstrikeresources.com.

ON BEHALF OF THE BOARD

Reimar Koch, President

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.

Contacts: Goldstrike Resources Ltd. Jeff Stuart 604-681-1820 or Toll Free: 1-877-566-9089 604-681-1864 (FAX)info@goldstrikeresources.comwww.goldstrikeresources.com

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