GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINK SHEETS:APRAF)(FRANKFURT:KCG1)
is pleased to report that initial assays from reconnaissance exploration on its
100% controlled Big One property in Yukon. This program resulted in the
discovery of 18.56 gram per tonne gold in subcrop within a newly identified gold
trend 11 km long by 1.5 km wide that remains open (to the northwest and
southeast). The anomalous area has a northwest-southeast orientation and has
been named the Goldstream trend. Samples taken from the southeast part of the
Goldstream trend show a Carlin-like geochemical signature, with consistently
anomalous gold, arsenic, antimony, mercury, and thallium values over a strike
length of 1.8 km. The Big One property is on trend between Northern Tiger's 3ACE
discovery 52 km to the southeast, and ATAC's Osiris discovery 270 km to the
northwest.


Five of 412 rock samples assayed to date have returned values ranging from 182.1
to 18,551.2 parts per billion gold (18.56 grams per tonne gold). The 18.56 gram
per tonne gold sample is an oxidized, silicified breccia with abundant sulphides
that was taken from a broad zone of rusty silicified subcrop. The ridge where
the 18.56 gram per tonne sample was taken is drained by three creeks with
anomalous gold silt values reported by the Geological Survey of Canada. 


Host rocks in the area consist of a sedimentary sequence of sandstone, grit,
quartz pebble and lithic conglomerate, shale, phyllite, limestone, and quartzite
that show varying amounts of hydrothermal alteration, silicification, quartz
veining, and stockworks. Sulphides are mainly disseminated pyrite, arsenopyrite,
pyrrhotite, galena, and stibnite. These silicified sedimentary units are
considered highly prospective because of their lateral extent. Some of the gold
mineralization appears to be associated with a regional fault. Geological Survey
of Canada gold silt anomalies were used to vector in on potentially mineralized
areas, along with Aster satellite imagery that highlights hydrothermal
alteration zones. This method has proved successful at Big One to date, and
numerous targets on the property have yet to be explored. 


Goldstrike's broad based reconnaissance program included a total of 428 rock
samples, 908 soil samples, and 16 silt samples that were taken over an area of
approximately 13 by 11 kilometers. Assays received to date range from below
detection to 18.56 grams per tonne gold in rock, and from below detection to
359.2 parts per billion gold in soil (including six samples with more than 56
parts per billion gold). Assays for 299 soil samples are pending. 


Based on these results, the Big One claim block was increased to 648 units
covering 162 square kilometers located 26 km from the Nahanni Range road. Given
the size of this property, it is clear that the Phase I reconnaissance sampling
has barely scratched the surface. An aggressive Phase 2 exploration program in
2012 is planned to include detailed geochemical sampling, geological mapping,
trenching, and drilling. 


Goldstrike has completed first pass exploration on all of its twenty-four 100%
controlled projects, covering more than 4,000 claims and over 80,000 hectares.
Quick follow-up exploration was also completed on six of the properties. The
Company anticipates a steady flow of news as significant results become
available. 


Sample analysis and assaying for all of Goldstrike's projects are being
conducted by Acme Analytical Laboratories Ltd. in Vancouver, B.C., which is ISO
9001 accredited. Soil samples are dried at 60C, reduced to 100 grams, and sieved
to -80 mesh. A 15-gram charge is then dissolved with a 1:1:1 aqua regia
digestion, and analyzed by a 72-element combination ICP-MS and ICP-AES package
that includes gold. Rock samples are crushed, split, and 250-gram samples are
sieved to 200 mesh. 30 gram charges are then assayed for gold using fire assay
fusion and ICP-ES, and in addition, 0.5 mg charges are dissolved with a 1:1:1
aqua regia digestion, and analyzed by 37-element ICP-MS that also includes gold.
Rigorous procedures are in place regarding sample collection, chain of custody
and data entry. Certified assay standards, duplicate samples and blanks are
routinely inserted into the sample stream to ensure integrity of the assay
process.


Trevor J. Bremner, P. Geo., Senior Consulting Geologist and Advisor to
Goldstrike's Board, is a qualified person, as defined by National Instrument
43-101, for Goldstrike's Yukon exploration projects and supervised the
preparation of the technical information in this release.


To view new photos and maps on the Big One property, refer to Goldstrike's web
site at www.goldstrikeresources.com.


ON BEHALF OF THE BOARD

Reimar Koch, President

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