Strathmore Minerals Corp. TSX VENTURE: STM

KELOWNA, BRITISH COLUMBIA--(Marketwire - Dec. 29, 2008) - STRATHMORE MINERALS CORP. ("Strathmore "or "the Company") (TSX VENTURE:STM) announces that it has terminated the Juniper Ridge LLC, Wyoming, Joint Venture Agreement with Yellowcake Mining Inc. Yellowcake has advised the Company that due to the continued deterioration in existing market conditions, it is not able to comply with the terms of the agreement. Strathmore retains its 100% interest in this property.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties. Headquartered in Kelowna, British Columbia, the Company also has U.S. based Development offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "STM".

This news release may contain 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 anticipated in such statements.

ON BEHALF OF THE BOARD

David Miller, CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.