Strike Diamond Corp. Outlines Identified Geophysical Targets at the Sask Craton Project

Vancouver, BC (FSCwire) - Strike Diamond Corp. (TSX VENTURE:SRK) ("Strike Diamond" or “the Corporation”) is pleased to report additional details from its recent airborne survey completed on the Corporation’s diamond exploration project in Saskatchewan (Sask Craton). The survey and third-party interpretation had as purpose to identify geophysical anomalies that may warrant further exploration for kimberlite potential.

As announced by news release dated November 17, 2015, Campbell and Walker Geophysics Limited (“C&W”), who interpreted the airborne data for Strike Diamond, identified a total of 19 anomalies classed as rank 3 targets. Subsequently, one target has been excluded by Strike Diamond from further consideration due to its location.

The Corporation has now compiled target data from the C&W report and corresponding geophysical anomalies from the airborne survey. As announced by news release dated September 16, 2015, the fixed-wing airborne survey was performed using 50-meter line spacing. The survey comprised of 8,730 line-kilometers acquired on east-west traverses.

Till sampling by various companies, including Strike Diamond, has identified prospective kimberlite indicator minerals throughout the Pikoo region.

C&W has recommended ground-based investigation on each of the 18 geophysical anomalies further described below.

Strike Diamond cautions that any or all of the identified geophysical targets may prove not to be kimberlitic in nature upon ground-based investigation.


Target Overview

Target 1

Target 1 is a geophysical anomaly potentially representing a structural/topographic break and is approximately 100m in diameter. It is an isolated and sub-circular high occurring in the bay of a lake.

The Target 1 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Targets 2 & 3

Targets 2 and 3 relate to a small embayment of a larger lake, with a sub-circular offshoot of the anomaly occurring on land immediately to the north. Target 2 is approximately 150 meters in diameter and target 3 is approximately 125 meters by 175 meters in diameter.

The Target 2 and Target 3 geophysical anomalies may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Targets 4 & 5

Target 4 is located at the base of a local hill, and is a strong, isolated NE-elongated high. The target is approximately 250 meters by 600 meters in diameter. Target 5 is located at the base of a local hill and is a localized mag high on a NE-trending dyke-like feature. The target is approximately 250 meters by 600 meters in diameter. Targets 4 and 5 may be inter-related.

The Target 4 and Target 5 geophysical anomalies may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Target 6

Target 6 is located in undulating topography and is a localized high on a possible folded geology structure with a cross-cut. The target is approximately 75 meters in diameter.

The Target 6 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Target 7

Target 7 is a semi-isolated high laying in a bay, with an inferred cross-cutting NNE-linear. The target is approximately 75 meters by 100 meters in diameter.

The Target 7 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Target 8

Target 8 occurs in an embayment of lake and is a localized magnetic high on a curvilinear feature. The target is approximately 200 meters by 300 meters in diameter.

The Target 8 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Target 9

Target 9 is an elongated N-S magnetic high. The target is approximately 125 meters by 200 meters in diameter.

The Target 9 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Target 10

Target 10 is a recessive dip on land constituting a small, subtle high occurring in an otherwise quiescent zone. The target is approximately 100 meters by 400 meters in diameter.

The Target 10 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Target 11

Target 11 is an elongated small lake and consists of a semi-isolated high distinct from banded, folded geology. The target is approximately 250 meters by 400 meters in diameter.

The Target 11 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Target 12

Target 12 is a localized high laying on a NW-trending feature potentially a dyke which is coincident with a hill. The target is approximately 175 meters by 225 meters in diameter.

The Target 12 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Target 13

Target 13 lays on land but close to a small lake, and is a localized high on a NW-trending linear, coincident with positive topography. The target is approximately 75 meters in diameter.

The Target 13 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Target 14

Target 14 is a semi-isolated high, offset from mafic geology to the south and coincident with a small hillock. The target is approximately 100 meters in diameter.

The Target 14 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Targets 15 & 16

Target 15 is an intense elongated high-flanking ENE-linear/structure with undulating topography. The target is approximately 150 meters by 200 meters in diameter. Target 16 is a semi-isolated sub-circular high that is offset from mafic geology to the west. There is an inferred cross-cutting ENE-linear immediately southward. Targets 15 and 16 may be interrelated.

The Target 15 and Target 16 geophysical anomalies may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Target 17

Target 17 is a semi-isolated, sub-circular high, adjacent to an ENE-trending linear-structure and occurs under a lake. The target is approximately 225 meters in diameter.

The Target 17 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


Target 18

Target 18 is a semi-isolated, sub-circular high that is offset from a west-trending dyke. The target is approximately 225 meters in diameter.

The Target 18 geophysical anomaly may be viewed on the Strike Diamond website:
http://www.strikediamond.com/pikoo-geophysical-kimberlite-targets


2016 Exploration Plans in the Pikoo Region

Strike Diamond is currently assessing potential funding options that might permit the Corporation to conduct ground exploration in 2016 on select geophysical targets identified above, including additional till sampling.


Qualified Statement

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Blair Way, B.Sc. (Geology), MBA, FAsuIMM, a Director of Strike Diamond and a Qualified Person.


About Strike Diamond Corporation

Strike Diamond Corp. (TSXV:SRK) is the Operator of an 80% interest in the Sask Craton Project, which represents the largest publicly-traded mineral tenure position in the Pikoo diamond camp. In addition, Strike Diamond holds a 100% interest in a district-scale mineral tenure position in the Garland nickel-cobalt-PGM exploration camp located in Labrador. For more information about Strike Diamond Corp., visit www.StrikeDiamond.com.


Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.

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.



Contact Information:

Strike Diamond Corp.
Ryan Kalt, LL.M., M.B.A.
Chairman & Chief Executive Officer
604-681-8835
info@strikediamond.com
www.StrikeDiamond.com