Stratagold announces Phase II exploration results from the BRL Venture, Guyana

Fri. December 12, 2008; Posted: 01:44 PM

VANCOUVER, Dec. 12, 2008 (Canada NewsWire via COMTEX) -- SGV | Quote | Chart | News | PowerRating -- StrataGold Corporation (SGV-TSX) is pleased to announce that the Company and its 50% joint venture partner Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation (NYSE:NEM), have completed the Phase II exploration program on the BRL Venture in Northwestern Guyana. Phase II exploration included extensive trenching and a 2156.10 metre (m) diamond drill hole (DDH) program on the Arakaka Trend (Purple Heart and Rodriguez targets), Aviao and minor trenching within the Gomes area.

ARAKAKA TREND - TRENCHING

Purple Heart Trenching

The Purple Heart target is characterized by deformation with disseminated gold mineralization in alteration zones with associated multidirectional quartz veining and sulfides. These alteration zones are located within an altered igneous unit with abundant quartz veins. Within the Purple Heart target are numerous historical pits that have been mined since the early 1900's. During Phase II exploration, two separate, high-grade quartz veins were identified, both with visible gold present.

<< Purple Heart Trenching ------------------------------------... Total Gold Length Grade Target Trench (m) From To Width (g/t) ------------------------------------... Purple Heart TR-11 (Zone 1) 210.0 56.0 90.0 34.0 2.98 ------------------------------------... Purple Heart including 64.0 81.0 17.0 4.84 ------------------------------------... Purple Heart TR-11 (Zone 2) 166.0 193.0 27.0 3.14 ------------------------------------... Purple Heart including 175.0 187.0 12.0 4.78 ------------------------------------... ------------------------------------... Purple Heart Bulldozer TR 47.0 6.0 27.0 21.0 1.18 ------------------------------------... ------------------------------------... Purple Heart TR-15 32.0 8.0 29.0 21.0 2.60 ------------------------------------... Purple Heart including 9.0 19.0 10.0 3.67 ------------------------------------... ------------------------------------... Purple Heart TR-16 42.0 12.0 20.0 8.0 2.51 ------------------------------------... ------------------------------------... Purple Heart and 191.0 213.0 22.0 0.72 ------------------------------------... >>

ARAKAKA TREND - DIAMOND DRILLING

Purple Heart DDH

Gold mineralization at Purple Heart is associated with intense quartz veining and associated alteration in the vicinity of a regional thrust fault, within an intensely deformed metasedimentary package. At least two separate zones showing high grade quartz veins with visible gold and associated alteration were identified during the program. These results are encouraging and require further exploration.

Rodrigues DDH

Diamond drilling of the Rodrigues target intersected significant gold mineralization associated with zones of intense alteration and quartz veining with associated sulfides under the historical pits. Initial results indicate there is a structurally controlled NW-SE corridor or trend of gold mineralization at Rodrigues.

<< Purple Heart and Rodrigues DDH Results ------------------------------------... Total Gold Length Width Grade Target Hole (m) From To (m) (g/t) ------------------------------------... Purple Heart PHD-08-01 169.5 86.5 100.0 13.5 7.37 ------------------------------------... Purple Heart including 86.5 90.5 4.0 11.42 ------------------------------------... ------------------------------------... Purple Heart PHD-08-02 147.7 85.6 89.0 3.4 17.35 ------------------------------------... ------------------------------------... Purple Heart PHD-08-04 134.0 30.0 50.5 20.5 0.52 ------------------------------------... ------------------------------------... Purple Heart PHD-08-05 157.5 16.75 27.5 10.75 1.66 ------------------------------------... ------------------------------------... Rodrigues ROD-08-03 142.5 60.9 85.4 24.5 1.37 ------------------------------------... PHD-08-03, PHD-08-06 and ROD-08-01, ROD-08-02, ROD-08-04 returned no significant results. Complete diamond drill results can be found at www.stratagold.com. >>

AVIAO - TRENCHING

The Aviao target is located close to the Monosee base camp. It is characterized by zones of intense quartz veining (millimetric to metric in width) in the vicinity of a regional intrusive-metasediment contact. Finely banded metasediments, including carbonaceous material, is present and forms a promising trap environment.

<< ------------------------------------... Total Gold Length Grade Target Trench (m) From To Width (g/t) ------------------------------------... Aviao TR-3C 140.0 43.0 59.0 16.0 2.15 ------------------------------------... ------------------------------------... Aviao including 56.0 59.0 3.0 8.37 ------------------------------------... ------------------------------------... Aviao TR-4A 147.0 3.0 69.0 66.0 0.61 ------------------------------------... ------------------------------------... Aviao and 42.0 92.0 50.0 0.66 ------------------------------------... ------------------------------------... Aviao including 68.0 90.0 22.0 0.99 ------------------------------------... >>

AVIAO - DIAMOND DRILLING

The Aviao target DDH program failed to confirm the trenching results.

GOMES - TRENCHING

The Gomes area is approximately 2 kilometres (km) west of Aviao. There are numerous small, well established porknocking operations in the area. The basic geology is dominated by metasediments including phyllites which have been enriched locally by quartz-vein and igneous intrusions. Trenches were placed to follow gold anomalies identified in soils and have given further insight into the underlying geology and controls within the target area. These results are encouraging and require further exploration.

Quality Control and Assurance

A rigorous Quality Control and Assurance program (QC/QA) is in place, using control samples and duplicates, as well as Chain of Custody (COC) protocols, under the supervision of Terry Tucker, P.Geo., StrataGold's President and CEO. Tamperproof sample bags with zip lock tags are being utilized for all of the drill samples. The samples were prepared by ACME laboratories in Georgetown, Guyana, and analyzed by ACME laboratories in Santiago, Chile. ACME laboratories is recognized as an ISO 9000 registered laboratory. The control samples and duplicate assay results received for the drilling program demonstrated to StrataGold that the results are considered reliable. However, due to the rigorous nature of StrataGold's QC/QA program, additional check assays will be conducted and these results pending. All diamond drill holes are being processed an ISO 9000 registered laboratory. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101. Mr. Terry Tucker is designated as the qualified person having reviewed this information.

About StrataGold Corporation

StrataGold is a gold development company focused on the systematic exploration and development of two advanced-stage gold projects, Dublin Gulch, Yukon (including the Eagle Zone and Mar-Tungsten Deposits), Tassawini, Guyana 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," "aims," "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 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.

SOURCE: StrataGold Corporation

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