November 30, 2009

Strike Arranges Drilling on Claim near Edwards Mine Site.

Strike Minerals Inc’s single claim 4217468 occupies the ground between Cline Mining Corp to the west and Pele Mountain Resources to the east. A Diamond Drill program consisting of 2 holes for 490 m (approximately 1,600 feet) at a cost of approximately $60,000 is proposed to test the single claim on a north to south ``fence``. Strike Minerals claim has the potential to host zones similar to those found on the adjacent properties. Recent diamond drill programs on the Cline Mining property have focused on the 88-60 zone, which trends east-west across the north of the Cline claim group 331 located west of the Strike Minerals single claim 4217468. Historical intersections within the 88-60 Zone as high as 1.018 opt Au over 15.0 feet have been returned (Noranda Hole 90-86, Cline press release April 24, 2008). Cline has performed limited work on the eastern portion of the claim block adjacent to the Strike Minerals claim. On the Pele ground to the east of the Strike single claim, a number of historical zones including the
“Markes North”, the “McCall” and the “A” zone (from which River Gold removed a “bulk sample” in the late 1990’s) appear to line up on the east-west strike with the Cline 88-60 zone. An agreement has been signed with First Minerals Exploration Limited and independent, privately controlled company, to drill the property. The terms of the agreement are:
1. FMEL will, at its sole risk and expense, conduct the drilling of two diamond drill holes on Strike's property, mining Claim 4217468, totaling up to 800 feet each, for a total diamond drilling of up to 1600 feet, including casing.
2. All drill core will be turned over to Strike upon completion of drilling
3. In return for that service, FMEL will automatically earn an undivided one-third interest in the said mining claim.
4. For a period of 30 days after completion of the drilling and release of the diamond drill core analysis, Strike will have the exclusive option to re-purchase the undivided one-third interest earned by FMEL by issuing to FMEL 1.2 million shares of Strike listed for trading on the Venture Exchange, and delivering to FMEL 1 million share purchase warrants, exercisable for 6 months at an exercise price of ten cents, thereby leaving FMEL with no interest in the said mining claim. It is understood that completion of this
option is subject to Regulatory Approval.
Strike Minerals is not continuing its option on the Nicholson property at this time as results, although very encouraging, are inconsistent.

The TSX Venture exchange does not accept responsibility for the adequacy or accuracy of this release. For information contact Denis Crane, President (519) 686-7573 info@strikeminerals.com or visit the company website at http://www.strikeminerals.com