Strathmore to Clarify Technical Disclosures Related to Gas Hills Technical Report & Church Rock Scoping Study
KELOWNA, BRITISH COLUMBIA -- (Marketwire) -- 08/19/11 -- As a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure:
STRATHMORE MINERALS CORP. (TSX: STM)(PINK SHEETS: STHJF)(OTCQX: STHJF) ('Strathmore' or 'the Company') announces that as a result of a 'limited technical disclosure' review by the British Columbia Securities Commission ('BCSC'), the BCSC identified a 'number of disclosure and filing issues.' The following news release is issued to clarify the Company's disclosure in its NI 43-101 Technical Report on the Gas Hills Uranium Project, Fremont and Natrona Counties, Wyoming, dated July 20th, 2011 and the Scoping Study of the Strathmore Resources (US) Ltd Church Rock Deposit McKinley County, New Mexico USA, dated April 4th, 2011. Both reports contain information that is not NI 43-101 compliant, and the public should not rely on the reports or their results. In addition, the public should not rely on the Gas Hills mineral resources disclosed in the July 21st and August 5th news releases and Church Rock preliminary economic assessment disclosed in the April 5th news release. Strathmore is addressing the issues raised by BCSC, and will prepare and SEDAR file amended reports in the near future.
Strathmore is working closely with the authors of the two technical reports and the BCSC to ensure that these reports become fully compliant in our disclosures and filings as soon as possible.
STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of advanced uranium properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has a U.S. based Development Office in Riverton, Wyoming and a Government, Regulatory & Environmental Affairs Office in Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX under the symbol 'STM' and trade on the OTCQX International electronic trading system in the United States under the symbol 'STHJF'.
The forward-looking statements in this press release include, among others, the statements relating to the Company's expectations regarding the timing of filing of its amended technical report and scoping study and the type of changes that may be required to make the reports compliant with NI 43-101. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including the occurrence of unexpected delays in updating the technical report and scoping study and the existence or non-existence of the information required to make the technical report and scoping study compliant with NI 43-101. Although the forward-looking statements contained in this press release are based upon what our management believes to be reasonable assumptions, we cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and we assume no obligation to update or revise them to reflect new events or circumstances, except as required by law.
ON BEHALF OF THE BOARD
David Miller, CEO
Contacts:
Strathmore Minerals Corp.
Craig Christy
Investor Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com