GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(FRANKFURT:KCG1) is pleased to report
the discovery of a new zone of gold mineralization in a newly staked extension
to the Plateau South property which assayed 4.738 grams per tonne gold and 6,852
parts per million arsenic from a rock grab sample taken from outcrop/subcrop.
The gold mineralized sample of grey quartz was taken during expansion staking by
Yukon prospector Tom Morgan, in a newly identified 2 klm by 600 metre area with
massive quartz veining and stockwork that remains open. This showing further
confirms the significant gold potential within a west-northwest to
east-southeast corridor referred to as the Yellow Giant Trend. This trend
extends for at least 25 kilometres, is largely unexplored along its entire
length, and remains open. An aggressive program is planned to trace the full
extent of this new gold corridor and exploit its full potential.


Gold mineralization found along the Yellow Giant trend to date has occurred
close to the margin of one or more Cretaceous intrusions, with no pathfinder
elements except arsenic. Several showings found along the 25 kilometre Yellow
Giant trend to date have produced results which include a previously reported
rock grab sample with visible gold assaying 159.5 grams per tonne (4.65 ounces
per tonne) gold (News Release November 7, 2011), and another grab sample taken
in the trend 8 km to the east that assayed 1.133 grams per tonne gold and is
associated with a 700 m long gossan that remains open. These areas remain
underexplored, and the upcoming program has been designed to outline the full
extent of these new gold discoveries. Multiple other areas of quartz veining and
stockwork that were identified along the Yellow Giant Trend during staking are
also considered to have excellent gold potential and remain to be sampled. These
extensive vein systems are planned to be explored by prospecting, mapping, and
sampling during the upcoming exploration season to outline their full extent and
delineate additional drill targets. 


Plateau North Gold Rush Zone 

The Gold Rush Zone measures 12.5 by 1.5 kilometres in a west-southwest to
east-northeast direction. A recessive area that remains open was sampled in
detail along a 350 metre strike length and returned multiple strong gold in soil
assays up to 11.343 grams per tonne (News Release November 17, 2011). The
anomalous Gold Rush Zone samples were concordant to stratigraphy, and were
associated with a Carlin-like suite of anomalous pathfinder elements including
arsenic, antimony, mercury, and thallium. Multiple similar extensive recessive
features that were identified on the property remain unexplored and are also
believed to have significant gold potential, and an aggressive exploration
program is planned to define their full extent and economic potential. The
Company is making final preparations for a trenching program on the Gold Rush
Zone that is planned to commence in the near future, in readiness for diamond
drilling.


Based on significant results Goldstrike has continued to consolidate this key
land package, and its Plateau area properties now consist of approximately 1,768
claims. 


"The Plateau area as a whole has many indications of a new emerging gold
district," said Goldstrike President Terrence King. "The results from the 2011
exploration season far exceeded our expectations with 9 new gold discoveries
made including Plateau, Summit, Big One, Livingston, and Lucky Strike to name a
few. Goldstrike looks forward to a busy 2012 as it works to exploit the full
potential of the Plateau area, as well as its other 8 stand-alone new gold
projects."


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.


Note: Grab samples are selective by nature, and are unlikely to represent
average grades on the property.


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 and a new map on the Plateau area properties,
see Goldstrike's web site at www.goldstrikeresources.com.


ON BEHALF OF THE BOARD

Terrence E. King, President & CEO

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