GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINK SHEETS:APRAF)(FRANKFURT:KCG1)
is pleased to announce the discovery of visible gold on its new Plateau South
property, 3.5 kilometres directly south of its Plateau North discovery. The
visible gold was found in a sample of bleached, weathered, sandstone grading
159.5 grams per tonne (4.65 ounces per tonne). Another sample of the same rock
containing no visible gold returned an assay of 30.15 grams per tonne,
confirming the presence of disseminated as well as coarse grained gold
mineralization. Goldstrike's brief reconnaissance prospecting and sampling
program was successful in identifying multiple mineralized zones over a strike
length of 2.5 kilometres that remain open in all directions. Silica alteration,
quartz veining, quartz stringers and brecciation are widespread along a
sedimentary-intrusive contact zone. An aggressive follow-up exploration program
is planned to trace the full extent of this new trend, to be known as "Yellow
Giant".


The high grade gold sample has the same lithology as the surrounding bedrock,
and was found by Goldstrike prospector Tom Morgan during a brief reconnaissance
prospecting program following staking. Another rock sample of bleached sandstone
taken 700 m south of Morgan's high grade discovery returned 1.24 grams per tonne
gold, and was associated with a soil sample that assayed 126.9 ppb gold. Seven
reconnaissance soil samples taken over a strike length of 1.5 kilometres assayed
from 23.8 parts per billion gold to 126.9 parts per billion gold, including 3
samples over 100 parts per billion gold. The remainder of the rock, soil and
silt samples returned values ranging from below detection to 17.1 parts per
billion gold. Altogether, 56 rock samples, 49 soil samples and 7 silt samples
have been taken on the Plateau South property. Assays remain pending in respect
of an additional 32 rock samples, 1 soil sample, and 7 silt samples. 


The property covers Hyland Group metasedimentary rocks at the northern margin of
a Cretaceous quartz monzonite stock. Host rocks are mineralized sandstones and
conglomerates containing disseminated to medium grained arsenopyrite and pyrite
that have been traced over 2.5 kilometres, and the mineralization remains open
in all directions. Geological Survey of Canada silt samples taken from two
creeks draining the property are anomalous in gold and arsenic. 


PLATEAU NORTH UPDATE 

Phase 2 mapping on the Plateau North property shows numerous shallow dipping
shear zones that strike north-south. The main structure is up to 3 metres thick,
strikes north-northeast, and is associated with strong silica flooding and
quartz stringers. It coincides with the Gold Rush Zone, where an anomalous soil
sample containing 1.544 grams per tonne gold, and a rock sample containing 1.292
grams per tonne gold were reported along with anomalous arsenic, antimony,
mercury, and thallium (GSR News Release September 13, 2011). Assays for 56 of
166 rock samples, and 578 out of 949 soil samples remain pending. Exploration in
2012 is planned to include detailed mapping, trenching, and drilling.


NEW PROPERTIES 

Using its proven technique of correlating alteration mapped with satellite
imagery, regional geochemical data, and favorable geology and structure,
Goldstrike has increased its land package at Plateau North and, in addition,
staked four new properties: Plateau South, Plateau West, Plateau East, and
Plateau Southeast, bringing its total land holdings in the area to 154 square
kilometres. Goldstrike is currently waiting to receive assays for 105 rock, 640
soil, and 7 silt samples from all five Plateau properties.


"We are delighted to have made such a discovery associated with multiple
anomalous soils during such a brief reconnaissance sampling program," said
Goldstrike President Reimar Koch. "We have already made several significant
finds this summer and now can add two new ones from this area. This clearly
demonstrates the potential of large areas of Yukon that were previously
unexplored for gold. We are eagerly awaiting assay results from all five of our
Plateau area properties, as well as many of our other gold properties. We expect
a steady flow of assays and look forward to releasing news on significant
results as they become available."


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 and 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 Plateau South and Plateau North properties, refer to recent
associated links on Goldstrike's web site at goldstrikeresources.com.


ON BEHALF OF THE BOARD

Reimar Koch, President

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