TORONTO,
June 20, 2012 /CNW/ - Strata
Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is
pleased to announce that it has entered into a native title
heritage agreement with the Yamatji Marlpa Aboriginal Corporation
("YMAC"). This agreement, part of the consultative process under
Australian native title legislation, enables the Western Australian
Department of Mines and Petroleum to grant the two exploration
tenements applicable to the Phase 1 field work on the Company's 80%
owned Cardabia Phosphate Project located near Exmouth in
Western Australia (the "Cardabia
Project").
Further to the agreement, the Company and YMAC,
the designated representative for the Gnulli aboriginal community
local to the land surrounding the Cardabia Project, will now
conduct a joint site survey of the property to identify aboriginal
areas of significance that are to be avoided during the Phase 1
field work. In parallel to this final phase of the aboriginal
approval process, the Company is submitting its Permit of Work to
the Department of Mines and Petroleum for approval. The
Company is working to secure the earliest possible date for the
site survey, so as to expedite receipt of final approvals.
South Boulder Mines Ltd. maintains a 20%
interest in the Cardabia Project and executed the heritage
agreement on behalf of the joint venture.
Peter Kozicz,
President & CEO of Strata, stated, "We are pleased to reach
this milestone, clearing the path for work to begin in earnest on
the Cardabia Project. During this permitting period our team in
Australia continues to analyze the
historical exploration data available on the Cardabia Project. This
effort has assisted our preparation for the Phase I field work on
the property, increased our understanding of the geology and aided
in the selection of our drill hole targets."
"Peter
Kozicz"
President, CEO
About Strata Minerals Inc.
Strata Minerals Inc., is an emerging, Australasia focused,
agricultural nutrient company exploring for commercial scale
phosphate rock mineralization deposits. Armed with the
objectives of becoming a supplier to the global fertilizer industry
and generating wealth for its shareholders, Strata is currently
advancing its phosphate exploration projects in Western Australia
and Queensland and intends to broaden its focus to other
agricultural nutrients including potash and lime. All
references to the Company in this release include the Company's
wholly owned Australian subsidiary, Strata Minerals Limited.
For further information, please refer to the Company's website at
www.strataminerals.com.
Special Note Regarding Forward-Looking
Statements
Certain statements included herein constitute
forward-looking statements. The words "expect", "intend",
"anticipate", "propose" and "may" and similar expressions identify
forward-looking statements. Forward-looking statements include,
among other things, statements regarding the permitting,
development and operation of Strata's mineral properties.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions. While such estimates and assumptions are
considered reasonable by the management teams of Strata, they are
inherently subject to significant business, economic, competitive
and regulatory uncertainties and risks and accordingly may not
occur as described herein or at all. Investors are cautioned that
forward-looking statements are not guarantees of future performance
or events and, accordingly are cautioned not to put undue reliance
on forward-looking statements due to the inherent uncertainty of
such statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
SOURCE Strata Minerals Inc.