StrataGold's Eagle Zone at 2.69M ounces gold indicated

2009-01-14 13:22 ET - News Release

Mr. Terry Tucker reports

STRATAGOLD INCREASES THE DUBLIN GULCH EAGLE ZONE DEPOSIT INDICATED GOLD RESOURCE BY 37% TO 2.7 MILLION OUNCES

A new independent National Instrument (NI) 43-101 mineral resource estimate for StrataGold Corp.'s Eagle Zone deposit has been completed by Wardrop Engineering Inc. StrataGold has increased the indicated resource of the Dublin Gulch Eagle Zone deposit in the Yukon Territory, Canada, by 37 per cent to 2.69 million ounces of gold. The new mineral resource estimate incorporates 13,057.65 metres of drilling from 2006 to 2008 into the previously stated resource estimate (see news release in Stockwatch dated Feb. 27, 2006).

          EAGLE ZONE DEPOSIT RESOURCE STATEMENT CAPPED*

                                                Contained       Gold
                                 Gold grade       gold      cut-off grade
Resource category    Tonnes        (g/t)      (troy ounces)     (g/t)

Indicated           98,584,000     0.849        2,690,400        0.50
Inferred             2,023,000     0.671           43,630        0.50

2008 exploration program

In 2008, StrataGold drilled 15 diamond drill (DD) holes on the Eagle Zone deposit totalling 4,248.65 m. StrataGold spent a total of $5-million at Dublin Gulch in 2008 with the intention of defining additional compliant resources at both the Eagle Zone deposit and the nearby Mar-Tungsten deposit. Both objectives were successful (see news release in Stockwatch dated Dec. 1, 2008, regarding the Mar-Tungsten deposit).

"We had an excellent field season in 2008 at Dublin Gulch," says Terry Tucker, StrataGold's president and chief executive officer. "We increased the indicated resource of the Eagle Zone by 37 per cent, combined with delivering a positive economic assessment of the Mar-Tungsten deposit, Dublin Gulch is rapidly advancing."

The Eagle Zone and Mar-Tungsten deposits are located within StrataGold's wholly owned Dublin Gulch property in the north-central portion of the Tintina gold belt, 85 kilometres northwest of the village of Mayo, Yukon Territory, Canada. The Tintina gold belt is being explored by various exploration companies for low-grade, bulk-tonnage, intrusive-hosted gold deposits similar to the Fort Knox gold mine operated by Kinross Gold Corp. in Alaska.

The mineral resources are sensitive to the selection of the cut-off grade. A table presents the tonnage and gold grades within the mineralized shell at various cut-off grades. The reported quantities and grades are only presented as a sensitivity of the resource model to the selection of cut-off grade.

 EAGLE ZONE DEPOSIT -- SENSITIVITY ANALYSIS OF TONNAGE AND GRADE USING
                       COMPARATIVE CUT-OFFS

                    Gold grade      Contained gold   Gold cut-off grade
Tonnes                (g/t)          (troy ounces)          (g/t)

164,913,000           0.666            3,531,700            0.30
129,231,000           0.754            3,131,300            0.40
98,584,000            0.849            2,690,400            0.50
75,937,000            0.938            2,291,100            0.60
56,374,000            1.039            1,883,300            0.70
41,587,000            1.142            1,527,500            0.80
31,071,000            1.242            1,240,900            0.90
23,318,000            1.340            1,004,400            1.00

Quality control, assurance and data verification

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. Tamper-proof sample bags and sample tags were used for all of the drill samples. All Dublin Gulch drill samples were prepared and analyzed by ALS Laboratory Group located in British Columbia, Canada. ALS is an ISO 9001:2000 registered and accredited to ISO 17025:2005 by the Standards Council of Canada (SCC) for specific analytical procedures. The control samples and duplicate assay results received for the drilling program demonstrate to StrataGold that the results are considered reliable. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101.

The exploration program was conducted under the supervision of qualified person Mr. Tucker, PGeo, StrataGold's president and CEO. Mr. Tucker has reviewed the technical content of this press release.

(*) Notes

1. Drilling has been audited and validated by Wardrop in accordance with CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines and with NI 43-101 guidelines by Bob Jankovic, PGeo, 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 at a 0.5 g/t gold cut-off grade using Datamine Studio 3 block modelling software, block sizes were 15 by 15 by 15 metres.
4. The 2009 resource estimate was based on 12.65 g/t gold capped grade before compositing. The selected assays were composited into five m downhole lengths within the mineralized shell.
5. A block size of 15 by 15 by 15 m was selected in order to accommodate the drill hole spacing and width of the mineralization.
6. Criteria used to identify a block as an indicated resource are three drill holes within a 140 by 80 by 80 m search.
7. Troy ounce equals 31.103 grams of gold.
8. Mineral resources were classified according to the CIM Definition Standards for Mineral Resources and Mineral Reserves (December, 2005) by Mr. Jankovic, PGeo, an independent qualified person as defined by NI 43-101.
9. Wardrop 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.
10. The mineral resource estimate is effective Jan. 13, 2009.

We seek Safe Harbor.