GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINK SHEETS:APRAF)(FRANKFURT:KCG1)
and Petro One Energy Corp. (TSX VENTURE:POP)(PINK SHEETS:CUDBF)(FRANKFURT:C6K1)
are pleased to announce further results from the Lucky Strike property in
Yukon's White Gold District, where previously reported trenching exposed Coffee
Creek-style mineralization producing samples as high as 3.06 grams per tonne
gold in silicified bedrock along a 7 kilometre northwest-trending structure
outlined by geophysics (joint news release August 18, 2011). Additional positive
results have now outlined three new zones on the property that require follow up
exploration and drilling. The main mineralized trend on the Lucky Strike
property has been named the "Lucky Leprechaun" zone.


Zone 1: Seven small excavator pits dug 500 metres east of Zone 1 uncovered
oxidized, brecciated and silicified sericitic schist resembling the host rocks
at Kaminak's Coffee Creek gold discovery. Subcrop samples taken from each pit
over a strike length of 100 metres assayed 1,031 ppb (1.031 grams per tonne)
gold, 573 parts per billion gold, 542 parts per billion gold, 457 parts per
billion gold, 282 parts per billion gold, 229 parts per billion gold, and 183
parts per billion gold. The rock samples all show similar geochemistry. Gold is
coincident with anomalous antimony, mercury, bismuth, molybdenum, and in some
cases lead, zinc, and silver. 


Zone 2: Results from a follow-up soil grid of 77 samples taken 750 metres east
of Zone 2 are still pending. This grid was established to test a series of
previously identified soil anomalies with anomalous values ranging from 15 to
256.2 parts per billion gold. 


Zone 3 (850 x 350 m): Twenty four of 84 deep soil samples from depths ranging
from 0.5 to 2.5 metres returned gold values greater than 9.9 parts per billion,
including 12 samples containing more than 14.9 parts per billion gold, 7 samples
with more than 19 parts per billion gold, and 3 samples between 40 and 124.5
parts per billion gold. The samples were taken by Kryotec Arctic Innovation Inc.
using hand held rotary hammer drills and proprietary stainless steel
diamond-tipped augers. 


Follow-up exploration on all three zones is recommended in 2012 in preparation
for drilling. 


The Lucky Strike property is located ten kilometres east of Kinross's Golden
Saddle deposit. It occurs in the same package of rocks as Kaminak's Coffee Creek
gold discovery, and has shown many of the same initial indicators as Coffee
Creek, including similar geology, geophysics, structure, gold geochemical
values, and alteration. Active placer claims are located less than 1 kilometre
from the property boundary. The Lucky Strike property is largely forested, has
very limited outcrop and is covered by extensive areas of felsenmeer, volcanic
ash, and permafrost, but the unglaciated terrain means that soil and rock chip
samples are generally representative of underlying bedrock. Further exploration
of the property will be heavily dependent on mechanized trenching and drilling,
but results to date are considered very encouraging and confirm the potential of
the Lucky Leprechaun zone to host a Coffee Creek-style gold discovery.


An aggressive Phase 2 exploration program on the Lucky Strike property in 2012
is planned to include detailed geochemical sampling, geological mapping,
trenching, and drilling.


New Cando-2 property (Big Breccias Gold Trend)

Goldstrike is also pleased to report that a major new breccia zone was
discovered late in the season by Yukon prospector Tom Morgan during the staking
of Goldstrike's 100% owned Cando-2 and Cando properties. The claims cover Mt.
Sheldon, and extend to within 300 m of the North Canol Road. 


Goldstrike's new discovery is described as a large area of brecciation and
quartz stockwork including a 4 metre wide vein that was seen in steep cliff
faces on the southeast side of the property. While staking, Morgan took two grab
samples from the Big Breccias gold trend that assayed 0.27 grams per tonne gold,
and 0.31 grams per tonne gold, and traced the mineralized zone for approximately
400 metres along strike. The vein itself was not sampled and there is no record
of any previous sampling in this immediate area. Attempts by Goldstrike
geologists to return to the area were hampered by early snowfalls. Mapping shows
that Goldstrike's new discovery comprises part of a larger 2.3 kilometre by 1.2
kilometre gold zone with a west-northwest orientation that remains open and has
been named the Big Breccias Gold Trend. 


Historic first pass exploration elsewhere on the property by Consolidated Ramrod
Gold Corporation between 1992 and 1994 reported 33 grab samples that assayed
between 15 parts per billion and 6,167 parts per billion (6.167 grams per tonne)
gold, including twelve that returned values over 250 parts per billion gold. The
best of these returned gold values of 2,180 parts per billion (2.180 grams per
tonne), 1,160 parts per billion (1.160 grams per tonne), 983 parts per billion
(0.983 grams per tonne), and 833 parts per billion (0.833 grams per tonne). The
historic samples were reported to be anomalous in silver, copper, lead, arsenic,
and bismuth, and were associated with arsenopyrite, pyrite, pyrrhotite,
molybdenite, and chalcopyrite, which are all typical indicators of
intrusive-related gold deposits. Consolidated Ramrod also reported up to 65
parts per billion gold in reconnaissance soil samples. The host rock is
described as megacrystic granite of mid Cretaceous age, similar to the gold
deposits at Dublin Gulch (Yukon), and Fort Knox (Alaska). 


The Company looks forward to conducting first pass exploration on the Cando and
Cando-2 properties in 2012.


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.


For more detailed new information on the Lucky Strike and Cando2 properties,
refer to recent associated links on Goldstrike's web site at
www.goldstrikeresources.com.


ON BEHALF OF THE BOARDS

Reimar Koch, President, Goldstrike Resources Ltd.  

Peter Bryant, President, Petro One Energy Corp.

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