Strait Minerals Inc.

Strait Gold is pleased to report results of its annual meeting of shareholders held June 21, 2012. All of the resolutions on the agenda presented to shareholders were approved: appointment of auditors, election of directors nominated by management, change of name of the Company, and ratification of the Company's stock option plan. Management proposed a change of name to Strait Minerals Inc. to better reflect the [...]

Strait Gold is pleased to report that it has submitted a modified plan to Peru's Ministry of Energy and Mines for an expanded, 23,000-metre, 58-hole drill program at its Alicia copper-gold project. A 6,000-metre first-phase drill program in 2012 is being funded by Teck Peru S.A. ("Teck"), a wholly owned subsidiary of Teck Resources Limited. Under the terms of an option agreement, Teck must spend $30 million on [...]

Strait Gold is pleased to provide this overview of the Company's projects in Peru. The Company has also filed on SEDAR its financial statements for 2011 along with management's discussion and analysis of those statements and its 2012 Annual Information Form. The statements, MD&A and AIF are also available at www.straitgold.com. Strait is involved in four mineral exploration projects, all in Peru: Alicia, Caribe [...]

Strait Gold is pleased to report that it has renewed a community agreement to allow the Company to proceed with a previously announced $2-million drill program at the Alicia copper-gold project in Peru. A community agreement is required by Peru's Ministry of Energy and Mines for any drill program where a community holds the right of access. The two-year agreement was reached at a public meeting held February 29 [...]

Strait is pleased to report that it has reached an agreement with Minera Senna EIRL, a private Peruvian company, giving Strait Gold the option to purchase a 100% interest in the Caribe copper property in Peru's Apurimac Region. The 200-hectare property is approximately 500 km southeast of Lima, within the Andahuaylas-Yauri copper belt and surrounded by concessions registered to Xstrata Peru S.A. It is accessible by [...]

Strait is pleased to report that Teck Peru S.A. has approved an initial 15-hole drill program on the Company's Alicia Project in Peru at a total cost of $2 million. Subject to results, a further 30 holes are planned. Strait Gold holds a 55% interest in the property with an option to increase its interest to 100%. The Company has granted to Teck an option to earn a 75% interest in the property by, among other things [...]

Strait Gold wishes to announce that an aggregate of 1,950,000 options to purchase common shares of the Corporation at $0.18 per share for five (5) years have been granted to seven (7) directors, one (1) executive officer and five (5) consultants of the Corporation.

Strait is pleased to announce that, further to its Press Release of December 9, 2011, it has closed the $600,000 private placement with Teck Resources. Teck subscribed for 3,000,000 Units of Strait Gold at $0.20 per Unit. Each Unit is comprised of one common share and one share-purchase warrant exercisable at $0.25 within 12 months of closing of the placement or at $0.35 by December 31, 2013. The securities issued to [...]

Strait wishes to announce that it has received regulatory approval to extend the exercise date of 14,000,000 warrants, currently exercisable until December 15, 2011 at $0.25 per share, until March 15, 2012. These warrants were issued pursuant to the December 2010 Units private placement which closed on December 15, 2010. The Company extended the warrants to allow the investors time to exercise the warrants in light [...]

Strait is pleased to announce that it has signed a binding agreement with Teck Peru S.A., a wholly-owned subsidiary of Teck Resources, giving Teck Peru an option to earn up to a 75% interest in the Company's Alicia copper-gold property in Peru by spending up to $30 million on exploration at Alicia or delivering a pre-feasibility study, making $500,000 in cash option payments and exercising the warrants referred to [...]