Goldstrike Increases Raise to $3 Million Due to Additional Demand

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) is
pleased to announce that it has secured equity financing from an institution in
the amount of $1,300,000, in addition to the $1,700,000 financing which
completed on February 19, 2013, bringing the total amount raised to $3,000,000. 


The additional financing, which is being carried out by way of a non-brokered
private placement of common shares at the price of $0.20 per share, is fully
funded and will complete as soon as the required filing has been accepted by the
TSX Venture Exchange. It was arranged through Aberdeen Gould Capital Markets
Ltd., an Exempt Market Dealer. Pursuant to its agreement with Aberdeen, the
Company will pay cash compensation equal to 7% of the gross proceeds from the
offering and, in addition, issue compensation warrants exercisable to purchase
that number of shares which is equal to 7% of the number of shares issued by the
Company on closing. Each compensation warrant will be exercisable for two years
after closing to purchase one share for $0.30. 


All shares issued pursuant to the financing and any shares issued on the
exercise of compensation warrants will be subject to a four-month hold period
from the closing date. Proceeds from the offering will be used for exploration
of the Company's Yukon mineral properties and for general working capital. The
proposed private placement and compensation arrangements are subject to TSX
Venture Exchange acceptance. 


ON BEHALF OF THE BOARD

Terrence E. King

President and Chief Executive Officer

For further information, please visit Goldstrike's website at
GoldstrikeResources.com or follow the Company's tweets at
Twitter.com/GoldstrikeRes.


This news release may contain forward-looking statements including but not
limited to comments regarding the use of proceeds from the financing, upcoming
work programs, etc., which may change materially in the future. Forward-looking
statements therefore involve inherent risks and uncertainties. The reader is
cautioned not to place undue reliance on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
King James Capital Corporation
Jeff Stuart
Investor Relations
(604) 805-0375
jstuart@kingjamescapital.com
www.GoldstrikeResources.com

Goldstrike Resources (TSXV:GSR)
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