LKY Lucky Minerals Inc

Lucky Strike Resources Ltd. ("Lucky Strike" or the "Company") (TSX
VENTURE:LKY)(OTCQX:LKYSF) is pleased to report initial coal resources in the
measured, indicated and inferred resource categories for the CN Coal Project in
the Tuv Aimag province of Mongolia. 


Initial coal quantities at the CN Coal Project includes:



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Measured Resources                 158.1 million tonnes                    
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Indicated Resources                113.9 million tonnes                    
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Inferred Resources                 232.0 million tonnes                    
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The National Instrument 43-101 (NI 43-101) compliant resource estimate of 272
million tonnes of measured plus indicated resources and 232 million tonnes of
inferred resources report was prepared by Norwest Corporation ("Norwest"), of
Salt Lake City, Utah. Lucky Strike has an option to acquire an 80% interest in
the CN Coal Project. Norwest states the five seams that comprise the surface
resource estimate are all classified as Lignite A, according to ASTM rank
classification, typical for thermal coal use. The NI 43-101 technical report
will be posted on the Company's website www.luckystrikeresources.com.


The drillhole data used in quantifying the coal resources was from two of the
six mining exploration licenses which represents 1,132 ha of the total 13,093
ha, or less than 10% of the total licenced area. Considering the positive
confirmation of substantial initial resource and the lack of sufficient data to
estimate resources for the entire extent of the CN Coal Project, Lucky Strike
will primarily focus on further exploring the CN Coal Project to test the
potential of resource expansion. 


The resource estimations are principally from an initial 2,000 m of drill data
collected from the eleven core and rotary holes of a 2009 drill program
supervised by Norwest along with supporting historic drilling. Core recovery for
the coal seams sampled was between 94 and 100 percent. Analytical results from
the 2009 coal core samples indicate the following average coal quality:




-------------------------------------------------------
Description                                         Qty
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% air dried Moisture                               8.16
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% air dried Ash                                   17.33
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% air dried Sulfur                                 1.30
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Air dried Kcal/Kg                                 5,094
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The CN Coal Properties thermal coal deposit belongs to the Lower Cretaceous
Dzuunbayan suite, located in the south-western corner of the Greater Nyalga
Basin. Several coal fields were identified in the region. The closest are
Khongor, located 75 km to the southwest; and the Tevshiin Gobi coal deposit
located approximately 85 km to the southeast. A joint venture company is
currently operating a mine in a portion of the Tevshiin Gobi coal deposit.


Borehole data indicates that the strata dip to the northeast at 7 to 10 degrees
and the coal seams can be traced laterally across the drilled properties. The NI
43-101 technical report concludes that the geology type of the CN Properties is
of "Low - type C" geologic complexity. This is based on the Geological Survey of
Canada (GSC) Paper 88-21, which is a guideline reference for coal deposits as
specified in NI 43-101. Based on the reported coal thicknesses and depth of the
coal occurrences below ground surface within the mining exploration licenses,
the CN Coal Project sequences are considered to be a "Surface Resource of Future
Interest" deposit type.


As part of the preparation of the independent NI 43-101 technical report, Lucky
Strike has completed a Legal Title Opinion for the six mineral exploration
licences covering a contiguous area of 13,093 hectares (131 sq. km) located
approximately 175 km SW of the capital city of Ulaanbaatar and 45 km SE of the
Buren Soum village center in the Tuv Aimag province in Mongolia. 


Norwest recommends a two-phase exploration program. The first phase would
consist of conducting detailed geologic mapping, infill and step-out drilling
(approximately 8,000 m) to increase tonnage within the measured and indicated
assurance categories, hydrologic and geotechnical testing followed by an interim
report. The second phase would consist of additional drilling (approximately
5,000 m) on the remaining area covered by all licenses to potentially extend the
resource base. Lucky Strike also plans to have magnetic and surface geophysics
surveys run on the property.


The Company has purchased the data to complete the NI 43-101 technical report in
consideration for the payment of $25,000 upon signing of the data purchase
agreement with Gulfside Minerals Ltd. with a further payment of $300,000 upon
the completion of Lucky Strike's option to acquire an 80% interest in the CN
Coal Project.


Edwin Ullmer, P. Geo., a Qualified Person as defined by National Instrument
43-101 and an independent consultant of the Company, has read and approved the
technical and scientific information contained in this news release.


The Company also announces that, subject to regulatory approval, it has granted
to the employees and consultants 250,000 stock options exercisable at $1.25 per
share for a period of five (5) years, subject to a vesting period of 36 months.


About Lucky Strike Resources Ltd. 

Lucky Strike Resources is a growth-focused exploration company creating
shareholder value through the exploration and development of coal, minerals and
energy projects in Mongolia and worldwide. Mongolia, centered between the
growing consumption markets of China and Russia, holds vast, untapped, rich coal
and mineral resources. Lucky Strike focuses on exploring and developing the CN
Project in Central Mongolia. The Management team has proven experience in the
global exploration and mining industry as well as in Asia.


ON BEHALF OF LUCKY STRIKE RESOURCES LTD. 

Cathy Fong, P.Eng, Chairman & CEO

The Company's shares are listed on the Toronto Stock Exchange under the symbol
"LKY" and on the US OTC market as "LKYSF." 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. 


This news release may contain certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX Venture Exchange,
the British Columbia Securities Commission and the US Securities and Exchange
Commission.


This release contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation, including predictions, projections
and forecasts. Forward-looking statements include, but are not limited to,
statements that address activities, events or developments that the Company
expects or anticipates will or may occur in the future, including such things as
the completion of the acquisition of the properties described above, potential
future exploration activities on such properties, the completion of technical
reports in respect of such properties, future business strategy, competitive
strengths, goals, expansion, growth of the Company's businesses, operations,
plans and with respect to exploration results, the timing and success of
exploration activities generally, permitting time lines, government regulation
of exploration and mining operations, environmental risks, title disputes or
claims, limitations on insurance coverage, timing and possible outcome of any
pending litigation and timing and results of future resource estimates or future
economic studies.


Often, but not always, forward-looking statements can be identified by the use
of words such as "plans", "planning", "planned", "expects" or "looking forward",
"does not expect", "continues", "scheduled", "estimates", "forecasts",
"intends", "potential", "anticipates", "does not anticipate", or "belief", or
describes a "goal", or variation of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved. 


Forward-looking statements are based on a number of material factors and
assumptions, including the results of the Company's due diligence investigations
in respect of the transaction, that the Sellers perform their obligations under
the Definitive Agreements, receipt of all necessary regulatory approvals,
including that of the TSX Venture Exchange, the result of drilling and
exploration activities, that contracted parties provide goods and/or services on
the agreed timeframes, that equipment necessary for exploration is available as
scheduled and does not incur unforeseen break downs, that no labour shortages or
delays are incurred, that plant and equipment function as specified, that no
unusual geological or technical problems occur, and that laboratory and other
related services are available and perform as contracted. Forward-looking
statements involve known and unknown risks, future events, conditions,
uncertainties and other factors which may cause the actual results, performance
or achievements to be materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
interpretation and actual results of current exploration activities; changes in
project parameters as plans continue to be refined; future prices of minerals;
possible variations in grade or recovery rates; failure of equipment or
processes to operate as anticipated; the failure of contracted parties to
perform; labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion of
exploration, as well as those factors disclosed in the company's publicly filed
documents. Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.

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