StrataGold receives SRK recommendations to advance Tassawini, Guyana

    VANCOUVER, Aug. 12 /CNW/ - StrataGold Corporation (SGV.TSX) is pleased to
announce the Company has filed the technical report for the National
Instrument (NI) 43-101 Mineral Resource estimate for both the Tassawini and
Sonne Deposits located on the Tassawini property, Guyana (see news release
dated June 10, 2008). The technical report was prepared by SRK Consulting
(Canada) Inc. ("SRK") and filed July 25, 2008 on SEDAR.

    <<
    SRK Recommendations
    -------------------
    -   StrataGold should undertake a Preliminary Economic Assessment to
        explore the possibilities of extracting the contained gold
        economically.
    -   StrataGold should complete a detailed topographic survey, ABA testing
        and geochemical characterization of sulphide and barren rocks,
        continue bench scale metallurgical studies and review the
        geotechnical data.
    -   Prior to commencement of a Preliminary Economic Assessment,
        StrataGold should consider completing a desktop scoping study.
    >>

    As recommended by SRK, StrataGold intends to complete a desktop scoping
study to support future plans for a Preliminary Economic Assessment.
StrataGold is required under the Tassawini Agreement to make all reasonable
efforts, consistent with technically-and-economically prudent industry
practices, to complete a 'Feasibility Study' on the property by June 8, 2009.

    Mineral Resources Estimate
    --------------------------
    The Mineral Resource estimate integrated 440 diamond drill holes and
1,187 reverse circulation holes for a total of 58,390 metres (m) and 43,284 m
of drilling, respectively. Both the Tassawini and Sonne Deposits are composed
of six distinct auriferous zones (Sonne is located at surface and is a
flat-lying saprolitic deposit) and are reported using 0.5 grams per tonne
(g/t) gold cut-off grade.

    <<
    Tassawini and Sonne Deposits Mineral Resource Statement(*) SRK
    Consulting, June 10, 2008.
    -------------------------------------------------------------------------
                                                 Tonnes  Gold Grade   Gold
    Deposit      Category of Mineral Resource     (Kt)     (g/t)    (ounces)
    -------------------------------------------------------------------------
    Tassawini              Indicated             10,766      1.3     436,600
    -------------------------------------------------------------------------
    Tassawini               Inferred                614      1.7      32,500
    -------------------------------------------------------------------------
    Sonne                  Indicated                  -        -           -
    -------------------------------------------------------------------------
    Sonne                   Inferred              1,312      0.7      29,000
    -------------------------------------------------------------------------
    >>

    G. David Keller, P.Geo (APGO#1235) of SRK Consulting (Canada) Inc., was
the independent Qualified Person under NI 43-101 responsible for the Tassawini
and Sonne Mineral Resource Statement. Bill Yeomans, P.Geo., General Manager,
Exploration South America of StrataGold Corporation, has reviewed and approved
the technical information in this press release.

    NOTES:
    ------
    SRK is not aware of any known environmental, permitting, legal, title,
taxation, socio-economic, marketing or other relevant issues that could
potentially affect this estimate of mineral resources. The mineral resources
may be affected by subsequent assessments of mining, environmental,
processing, permitting, taxation, socio-economic and other factors. There is
insufficient information at this early stage of study to assess the extent to
which the resources will be affected by these factors, which are more
appropriately assessed in a conceptual study.

    <<
    (*)Table 1: Notes

    1.  This drilling has been audited and validated by SRK in accordance
        with CIM Estimation of Mineral Resources and Mineral Reserves Best
        Practice Guidelines and with National Instrument 43-101 guidelines by
        G. David Keller, P.Geo. (APGONo.1235), an independent Qualified
        Person as defined by NI 43-101.
    2.  All figures have been rounded to reflect the relative accuracy of the
        estimates.
    3.  Mineral resources were estimated using a 0.5 g/t gold cut-off grade.
    4.  Mineral resources were constrained within optimal Whittle pit shell
        design.
    5.  The gold price used for calculating the cut-off grade was
        US $750/ounce and metallurgical recovery of 85%.
    6.  Gold capped at 50 g/t gold for Tassawini East and 30 g/t for
        Tassawini West.
    7.  Troy ounce = 31.103 grams gold.
    8.  Tonnage was estimated based on 495 specific gravity measurements
        provided by StrataGold.
    9.  Mineral resources are not mineral reserves and do not have
        demonstrated economic viability.
    10. Mineral resources were classified according to the CIM Definition
        Standards for Mineral Resources and Mineral Reserves (December 2005)
        by G. David Keller, P.Geo. (APGONo.1235), an independent Qualified
        Person as defined by National Instrument 43-101.
    >>

    About StrataGold

    StrataGold is a gold development company focused on the systematic
exploration and development of two advanced-stage gold projects and the BRL
Venture with Newmont in Guyana. To obtain additional information, photos,
project updates and maps pertaining to this news release, please visit:
www.stratagold.com.

    Statement Regarding Forward Looking Statements

    This news release of StrataGold Corporation (the "Company") contains
statements that constitute "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause our actual results, performance or achievements, or
developments in our industry, to differ materially from the anticipated
results, performance or achievements expressed or implied by such
forward-looking statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the
words "expects," "plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or conditions
"will," "would," "may," "could" or "should" occur. Information inferred from
the interpretation of drilling results and information concerning mineral
resource estimates may also be deemed to be forward looking statements, as
such information constitutes a prediction of what might be found to be present
when and if a project is actually developed. Forward-looking statements in
this document include statements regarding: the Company's expectations
regarding drilling and exploration activities on properties in which the
Company has an interest; and the Company's statements regarding estimates of
resources on properties in which the Company has an interest. There can be no
assurance that such statements will prove to be accurate. Actual results and
future events could differ materially from those anticipated in such
statements, and readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of their respective dates.
Important factors that could cause actual results to differ materially from
the Company's expectations include among others, risks related to fluctuations
in mineral prices; uncertainties related to raising sufficient financing to
fund planned work in a timely manner and on acceptable terms; changes in
planned work resulting from weather, logistical, technical or other factors;
the possibility that results of work will not fulfill expectations and realize
the perceived potential of the Company's properties; uncertainties involved in
the estimation of resources; the possibility that required permits may not be
obtained on a timely manner or at all; the possibility that capital and
operating costs may be higher than currently estimated and may preclude
commercial development or render operations uneconomic; the possibility that
the estimated recovery rates may not be achieved; risk of accidents, equipment
breakdowns and labour disputes or other unanticipated difficulties or
interruptions; the possibility of cost overruns or unanticipated expenses in
the work program; the risk of environmental contamination or damage resulting
from the Company's operations; risks associated with title to mineral
properties; and other risks and uncertainties discussed under the heading
"Risk Factors" in Section 5.2 of the Company's Annual Information Form filed
on SEDAR and elsewhere in the Company's documents filed from time to time with
the Toronto Stock Exchange and Canadian securities regulators. These
statements are based on a number of assumptions, including assumptions
regarding general market conditions, the availability of financing for
proposed transactions and programs on reasonable terms, and the ability of
outside service providers to deliver services in a satisfactory and timely
manner. Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are made.
Except as expressly required by applicable securities laws, the Corporation
undertakes no obligation to update these forward-looking statements in the
event that management's beliefs, estimates or opinions, or other factors,
should change.
    This news release uses the terms "Inferred Resource", "Indicated
Resource" and "Mineral Resource". The Company advises readers that although
these terms are recognized and required by Canadian securities regulations
(under National Instrument 43-101 "Standards of Disclosure for Mineral
Projects"), the US Securities and Exchange Commission does not recognize these
terms. Readers are cautioned not to assume that any part or all of the mineral
deposits in these categories will ever be converted into reserves. In
addition, "Inferred Resources" have a great amount of uncertainty as to their
existence, and economic and legal feasibility. It cannot be assumed that any
part of an Indicated or Inferred Mineral Resource will ever be upgraded to a
higher category. Under Canadian rules, estimates of Inferred Mineral Resources
may not form the basis of feasibility or pre-feasibility studies, or economic
studies except for a Preliminary Assessment as defined under National
Instrument 43-101. Readers are cautioned not to assume that part or all of an
inferred resource exists, or is economically or legally mineable. The Mineral
Resources stated in this news release are not mineral reserves and, in the
absence of a current feasibility study, do not demonstrate economic viability.
The determination of mineral reserves can be affected by various factors
including environmental, permitting, legal, title, taxation, socio-political,
and marketing issues on the estimate.

For further information: Terry Tucker, President and CEO, Vanessa
Pickering, Manager, Investor Communications, StrataGold Corporation, Tel:
(604) 696-6601, E-mail: [email protected], Website: www.stratagold.com