Strike Minerals Amends Terms of Non-Brokered Private Placement of Up to $1,000,000

Strike Minerals Amends Terms of Non-Brokered Private Placement of Up to $1,000,000

Strike Minerals Inc. wishes to announce that further to its press release dated June 20, 2011, the terms of the private placement have been revised to amend the Offering. Subject to regulatory approval, Strike proposes to complete, a non-brokered private placement of up to $1,000,000 consisting of up to $700,000 in Flow-Through Units (“FT Units”) and up to $300,000 in Non Flow-Through Units (“Normal Units”). The non-brokered private placement will consist of combination of up to 8,235,294 FT Units at a price of $0.085 (revised from $0.09) and up to 4,615,385 Normal Units at a price of $0.065 (revised from $0.07), respectively, for the aggregate proceeds from the placement of both FT and Normal Units of up to $1,000,000. Foundation Markets Inc. (“Foundation”) has been engaged to facilitate the Offering and will refer to the Company registered brokers and syndicate members (“Finders”).

All other terms of the Offering have been adjusted accordingly to reflect the change.

The proceeds from the issuance of FT Units will constitute Canadian exploration expenses (as defined under the Income Tax Act (Canada)) and will be renounced for the 2011 taxation year. The proceeds of the Offering will be used to fund exploration programs, pursue acquisitions and for general working capital purposes.

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