GSR Goldstrike Resources Ltd New

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1)
has granted incentive stock options exercisable to purchase up to an aggregate
of 1,700,000 shares of the Company to directors and officers of the Company. All
of the options are exercisable at the price of $0.20 per share until June 23,
2024 subject to earlier termination in accordance with their terms. All option
grants are subject to acceptance by the TSX Venture Exchange. Shares issued
pursuant to the exercise of such options will not be subject to resale
restrictions.


The Company's Board has also approved the amendment of 1,790,000 incentive
options previously granted to consultants of the Company and 3,150,000 incentive
options previously granted to directors and officers of the Company by reducing
the exercise prices of those options to $0.20 from $0.40 (as to 650,000
options), $0.70 (as to 3,440,000 options) and $0.75 (as to 850,000 options).
There will be no extension of the exercise periods of those options. 


The proposed re-pricing of options held by insiders was approved by
"disinterested shareholder" vote at the Company's Annual General Meeting held on
December 18, 2013 - i.e. votes cast at the meeting excluding votes attached to
shares beneficially owned by insiders to whom options may be granted under the
Company's stock option plan or associates of such persons. The proposed
re-pricing remains subject to acceptance by the TSX Venture Exchange, and none
of the options proposed to be re-priced may be exercised on the amended terms
prior to acceptance of the proposed amendments by the TSX Venture Exchange.


ON BEHALF OF THE BOARD

Terrence E. King, President and Chief Executive Officer

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. 


For further information on the Company and its projects, please visit
GoldstrikeResources.com and follow the Company's tweets at
Twitter.com/GoldstrikeRes.


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

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