GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (the "Company") (TSX
VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) is applying to the TSX Venture
Exchange for consent to extend the exercise term of certain outstanding share
purchase warrants by two years. 


On June 15, 2012, the Company distributed 750,000 units at the price of $0.75
per unit (each a "FT Unit"). Each unit was comprised of one flow-through common
share and one non-flow-through common share, with $0.40 of the subscription
price allocated to the flow-through shares and the other with $0.35 of the
subscription price allocated to the non-flow-through shares. The Company also
distributed 2,615,358 units at the price of $0.35 per unit (each a "Unit"). Each
Unit was comprised of one common share and one-half of a share purchase warrant.
Each warrant is currently exercisable to purchase one common share for $0.80 at
any time prior to 4:30 p.m. on June 15, 2014 subject to an accelerated expiry if
the average closing price of the common share is $1.20 or higher for 10
consecutive trading days. The Company now intends to apply to the Exchange for
permission to extend the exercise term of the warrants to June 15, 2016. The
Company does not intend to apply to the Exchange for permission to extend the
exercise term of the finders' warrants. The Company will not be seeking a
reduction of the exercise price of any warrants. The proposed amendment to the
warrant terms is subject to acceptance by the TSX Venture Exchange. 


ON BEHALF OF THE BOARD

"Terrence E. King"

President and Chief Executive Officer

For new sections and maps on the Summit property, please visit Goldstrike's
website at GoldstrikeResources.com. For further information follow the Company's
tweets at Twitter.com/GoldstrikeRes or contact Jeff Stuart of King James Capital
Corporation, handling Investor Relations for the Company, by telephone at (604)
210-2150 or by email at jstuart@kingjamescapital.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. 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. The reader is cautioned not to place undue reliance on
forward-looking statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
King James Capital Corporation
Jeff Stuart
Investor Relations
(604) 210-2150
jstuart@kingjamescapital.com

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