StrataGold undergoes dilution on BRL Venture, Guyana

StrataGold undergoes dilution on BRL Venture, Guyana

StrataGold Corporation announces that it participated in the previously approved 2008 Phase II exploration Program on the BRL Venture, a joint venture with Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation. Since StrataGold did not fully contribute in order to maintain its 50% Participating Interest in the BRL Venture, StrataGold’s Participating Interest in the BRL Venture has been diluted from 50% to 35.73%. Newmont has elected to be the Manager of the BRL Venture.

StrataGold has elected not to participate in the proposed Program and Budget for the period of January-June 2009. In accordance with the terms of the BRL Venture Agreement dated September 27, 2005, such election shall result in the further dilution of StrataGold’s Participating Interest.

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