Strikepoint to start drilling Angelina in two weeks

2011-07-07 04:10 MT - News Release

Mr. Richard Boulay reports

DRILLING TO COMMENCE AT ANGELINA IN MANITOBA

Strikepoint Gold Inc. has scheduled a summer drill program to commence within two weeks on its 100% owned Angelina gold property located at the south-eastern end of the Rice Lake gold belt in Manitoba. Two crews are currently active on the property, conducting ground magnetic surveys and performing detailed mapping and drill site selection.

The area to be drilled, near Halfway Lake at the south end of the Angelina property was scheduled to be drilled last winter. However, unfavourable winter conditions did not allow for heavy equipment to be transported into the drill areas. Drilling was re-scheduled for the 2011-2012 winter season. Recently, the assessment of geological and surface grab sample analytical information, combined with geophysical data collected during the past three weeks has resulted in this area being elevated to a priority that justifies the cost associated with a summer helicopter and float plane supported drill program. A helicopter portable drill has been located and will be airlifted in to a structurally interesting target area where gold and silver bearing grab samples were collected during 2010 as described in ourrecent Press Release of June 23, 2011.

At the Angelina property which is virtually unexplored due to difficult surface access, the results of the first 2011 ground geophysical survey and new geologic mapping indicate that gold mineralization at the Hot Zone is hosted within a magnetic gabbro unit that intrudes cherty siltstone meta-sedimentary rocks to the west. The geophysical survey has traced the magnetic gabbro unit over a 1,300 metre northeast trending strike length referred to as the Halfway Lake Trend. Geologic mapping and sampling crews are now focusing their efforts along this trend in an effort to identity additional zones of mineralization and structural complexity and to define specific drill targets, initially within a 400 metre interval, informally referred to as the "Hot Zone".

The Angelina property's potential to host gold targets is not restricted to the Halfway Lake Trend or the contained 400 metre Hot Zone that will be explored during the first phase of the 2011 summer drill program. It must be viewed in the context of our 2010 and 2011 field work to date and a 2004 airborne electro-magnetic and magnetic geophysical survey flown over the Angelina Project claims by a previous owner of the property. This data clearly shows two additional northeast trending belts of magnetic gabbro and/or pyroxenite rocks that occur at distances of 500 and 1,000 metres to the west.Ground geophysical crews have now commenced magnetic surveying on the approximately 45 line-kilometre Port Lake grid which covers these two new anomalies.

Maps showing the simplified geology, geophysics and sample locations of the Angelina property discussed in this press release are available at: www.Strikepointgold.com

It is important to note that surface grab samples which may carry high gold and silver values are selective and preliminary. Grab samples results cannot be relied upon to estimate the mineral potential of an exploration property. All sample analytical results contained in this press release and associated graphics, including standard and quality control samples were analyzed for gold by fire assay and/or multi-element ICP-MS analysis, as appropriate, by TSL Laboratories Inc, Saskatoon, SK.

Kristopher J. Raffle, P. Geol., APEX Geoscience Ltd. is a qualified person as defined by National Instrument 43-101 and is responsible for the preparation and approval of the technical information disclosed in this news release. This press release has been reviewed by Daniel A. Beauchamp, B.Sc., P.Geol., Strikepoint Gold's Qualified Person under National Instrument 43-101.

For further information please contact: Investor Relations Toll Free: 1(877)317-1660 [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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