GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) is
pleased to report positive initial results from its 100% controlled Plateau
Property in Yukon. Significant extensions have been added to zones of gold
mineralization discovered by Goldstrike in 2011 and the teams currently in the
field continue to discover multiple new zones of mineralization. This
demonstrates the strong gold potential of this property. No historical work has
ever been documented on the Plateau property. All gold mineralization discovered
to date is original. 


Team One

Plateau North - Goldrush Zone

Soil sampling has extended the Goldrush trend (first discovered in late 2011)
from 400 metres to 1.8 kilometres to date and the trend remains open. Sampling
in 2012 has so far returned values from background up to 26 grams per tonne gold
from decomposed rock in pits. Multiple additional assays are pending. Further
soil sample grids 3 and 4 kilometres to the west and southwest have been
completed, with the focus on expanding the area of known gold mineralization.
These assays are also pending.


Gold mineralization in the Goldrush zone appears to be hosted in multiple
stacked carbonaceous biotite-sericite shear zones that cut the property in a
north-south direction and remains open. Initial shallow exploratory drilling on
the Goldrush zone was recently completed to trace the geometry and extent of the
gold mineralization. Assays are pending.


Plateau Northeast

A new mineralized quartz stockwork was recently discovered within an extensive
area of mineralized limestone and calcareous sediments named the Golden Arc
zone. The limestone host rock has been outlined over a length of more than 600
metres, and is up to 40 metres thick. It is silicified and fractured, with 15%
quartz stringers that contain sulphides, and the zone remains open. A coincident
magnetic feature 250 to 300 metres long is associated with the showing, and
early soil sampling has returned values from background up to 564 parts per
billion gold. Follow up prospecting, mapping, and sampling were recently
completed in the area to trace the full extent of the gold mineralization.
Assays are pending. 


Plateau South - Goldstack Zone

A gold mineralized zone identified by local prospector Tom Morgan while staking
early in 2012 to increase Goldstrike's landholdings in the area has been
confirmed as a new discovery. The showing in the "Goldstack Zone" is a
structurally controlled quartz breccia within an area of extensive quartz
veining, stockwork and brecciation that has produced numerous samples containing
coarse visible gold. Three channel samples cut across the strike of the zone
have returned average values of 14.25 grams per tonne over a total length of 2.4
metres. Individual channel sample results include 23.82 grams per tonne over 1
metre and 7.71 grams per tonne over 1 metre. Another channel sample cut across
strike 7 metres to the east returned a weighted average of 7.29 grams per tonne
gold over 1.3 metres, including 40.1 grams over 10 cm. The current true
thickness of the Goldstack mineralized zone has been measured at 9 metres in
core. Additional channel samples have been taken along strike, and results are
pending. Prospecting has discovered gold mineralization on trend 3.5 km to the
west and 1 km to the east of the Goldstack showing, and the zone remains open.
The Goldstack zone is being drilled to trace the gold mineralization to depth
and along strike, and it remains open in all directions. Assays are pending.


Plateau South - Yellow Giant Trend

Prospecting and mapping has confirmed that the Yellow Giant Trend is a major new
regional scale system of parallel gold-bearing structures at least 25 kilometres
long and 5.5 km wide, and that it remains open in all directions. This large
system contains extensive quartz veining, gossans, and mineralization
throughout. Gold mineralization has been confirmed up to 28 grams per tonne in
initial rock grab samples at the newly named Goldbank zone. The bulk of assays
taken along and across the Yellow Giant Trend remain pending.


VG Zone

Follow up prospecting and sampling in 2012 of the area around the previously
reported sample containing visible gold and grading 4.6 ounces per ton gold has
defined an area of structurally controlled gold mineralization measuring about
225 by 100 metres. This has been named the VG Zone, and it remains open in all
directions. Within the VG Zone several samples containing coarse visible gold
were taken from weathered outcrop/subcrop. The VG Zone continues to be expanded
daily, with new mineralization having now been discovered up to 1000 metres away
both to the northeast and the southwest. Infill mapping and sampling continues,
and assays are pending. Reconnaissance sampling and prospecting continue on
trend, and new mineralization continues to be found, expanding the dimensions of
the VG Zone. 


Team Two

Solomon's Summit

Solomon's Summit is a zone of gold mineralization that was discovered in 2011
within a 3 by 1.5-kilometre limestone unit. A rock chip sample from outcrop
assayed 5.3 grams per tonne gold. Additional mineralization was identified
within a larger, northwest-trending zone known as Solomon's Trend. New results
from 2012 sampling have outlined a strong 2.5 by 1.6 kilometre multi-element
gold soil anomaly with 14 of 235 samples (6%) between 100 and 508 parts per
billion gold, within a large halo of 69 anomalous samples (29%) ranging from 25
to 99.9 parts per billion gold. The remainder of the soils returned values
between background and 24.99 parts per billion gold. Rock assays from this zone
are pending, and follow up trenching and drilling have been recommended.


Team Two has also completed 2012 mapping, prospecting, and sampling programs on
Big One, Lucky Strike, and Livingstone, and has identified new mineralization on
all properties. Assay results are pending.


Assays from a total of 1454 rock, 596 soil, and 11 silt samples, and assays from
all drill core from the 2012 exploration programs remain outstanding. 


"We are very pleased with the results of the 2012 program to date," said
Goldstrike President and CEO Terry King. "With the bulk of the assays still
outstanding we look forward to the future with great anticipation." 


Sample analysis and assaying for all of Goldstrike's projects are being
conducted by Acme Analytical Laboratories Ltd in Vancouver, BC and AGAT
Laboratories Limited in Mississauga, Ontario, both of which are ISO 9001
accredited. Soil samples are dried at 60 degrees C, 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 new maps and photos on the Plateau project, refer to Goldstrike's web site
at GoldstrikeResources.com.


ON BEHALF OF THE BOARD

Terrence E. King

For further information, please visit the company's website at
GoldstrikeResources.com.

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