Goldstrike Trenches 2.74 Grams per Tonne Gold Over 5 Metres, Including 7.75 Grams per Tonne Gold Over 1 Metre on Summit Prope...

Goldstrike Resources Ltd.  (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1)
is pleased to report the discovery of new gold-bearing breccias during a brief
reconnaissance program of excavator trenching, prospecting, mapping, sampling
and ground geophysics on its Summit property in southeast Yukon. All four short
trenches returned significant gold values in an area where a grab sample taken
from outcrop in 2012 returned 9.9 grams per tonne gold (News Release October 1,
2012). A chip sample of quartz breccia outcropping in excavator trench SUM-TR-03
averaged 2.74 grams per tonne gold over 5 metres, including 7.47 grams per tonne
gold over 1 metre, and the gold -mineralized breccia remains open to the south.
Rusty quartz breccia in an intersecting trench (SUM-TR-03C) assayed 4.72 grams
per tonne gold over 1 metre and remains open to the southeast. Clay gouge in
SUM-TR-04 returned anomalous values up to 0.25 grams per tonne gold. Trench
SUM-TR-01 did not reach bedrock, but a grab sample of quartz stockwork in the
trench returned 0.175 grams per tonne gold. Twelve rock grab samples of
mineralized quartz breccia float from the trenched area returned values ranging
from 0.39 to 11.41 grams per tonne gold. Fresh samples of quartz breccia show
that the gold is associated with numerous arsenopyrite veins and disseminated
arsenopyrite that have decomposed to hematite or limonite in the more weathered
samples. 


Soil sampling to date has outlined two strong multi-element
gold-arsenic-antimony anomalies 1,000 metres apart, and returned values up to
508.2 parts per billion (0.508 grams per tonne) gold. The eastern soil anomaly
associated with the trenches measures approximately 1,000 by 500 metres. The
western soil anomaly measures approximately 1200 by 400 metres. Follow-up
trenching is recommended to test both these gold anomalies. Four grab samples of
mineralized quartz breccia float from the western anomaly ranged from 0.66 to
7.1 grams per tonne gold. A total of 83 soil samples out of 565 taken on the
property to date returned over 50 parts per billion gold, 28 soil samples
returned over 100 parts per billion gold, and 4 soil samples returned over 300
parts per billion gold. 


The geology on the property consists of complexly folded and interbedded shale,
sandstone, siltstone, limestone, and calcareous diamictite, within the hinge of
a regional anticline. The sedimentary sequence is cut by large
northwest-southeast and north-south striking faults that are marked by formation
offsets, clay gouge, and a wide variety of breccias that appear to be associated
with gold mineralization. 


Goldstrike's technical team is very pleased to see such encouraging results from
a very limited one-week reconnaissance program. The technical team believes the
western gold anomaly is stratabound, while the eastern anomaly appears to be
discordant and related to a broad zone of north-south faulting. Based on the
trench intersections, numerous high grade rock grab samples, the size and
strength of the soil anomalies, and the favorable geological setting, the Summit
property shows excellent potential. A follow-up program of mapping, mechanical
trenching, and diamond drilling is recommended. 


Goldstrike's Summit and Lucky Strike exploration programs each qualified for a
$30,000 YMIP grant. The Company acknowledges these generous grants from the
Yukon Government to help offset its 2013 exploration costs on both the Lucky
Strike and Summit properties. 


A total of 83 rock grab samples, 48 pit and trench samples, and 126 soil samples
were taken on the Summit property in 2013. Rock grab samples ranged from below
detection level to 11.41 grams per tonne gold. Trench and pit samples ranged
from below detection level to 7.41 grams per tonne gold over one metre. Soil
samples ranged from below detection level to 423.7 parts per billion (0.4237
grams per tonne) gold. There are no sample assays outstanding. 


Sample analysis and assaying for all of Goldstrike's projects are being
conducted by Acme Analytical Laboratories Ltd in Vancouver, BC, which is ISO
9001 accredited. Soil samples are dried at 60C, and 100 grams is sieved to -80
mesh. A 15 gram sample split is then leached in aqua regia at 95 degrees C, and
analyzed by a 36-element ICP package that includes semi-quantitative gold. Rock
samples are crushed to 80% -10 mesh, and a 250 gram sample split is pulverized
to 85% -200 mesh. 30 gram charges are then assayed for gold using fire assay
fusion and ICP-ES finish with a lower detection limit of 2 ppb, and an upper
detection limit of 10 ppm Au. In addition, 0.5 mg charges are digested by
modified 1:1:1 aqua regia (HCl-HNO3-H20) and analyzed by 36-element ICP-MS that
also includes semi-quantitative gold with a lower detection limit of 0.5 ppb Au
and an upper detection limit of 100 ppm Au. All samples containing visible gold
or returning assays of more than 10 ppm gold are subjected to metallic fire
assays, for which the plus fraction is finished gravimetrically and the minus
fraction is finished with AA. Rigorous procedures are in place regarding sample
collection, chain of custody and data entry. Certified assay standards,
duplicate samples and blanks are routinely inserted into the sample stream to
ensure integrity of the assay process. 


Note: Grab samples are selective by nature, and are unlikely to represent
average grades on the property. 


Trevor J. Bremner, P. Geo., Chief Consulting Geologist and Goldstrike Board
Member, is a qualified person, as defined by National Instrument 43-101, for
Goldstrike's Yukon exploration projects and supervised the preparation of, and
has reviewed and approved, the technical information in this release. 


ON BEHALF OF THE BOARD

Terrence E. King

President and Chief Executive Officer

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. 


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery proces7.60ses, etc. Forward-looking statements address future events
and conditions, and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. The reader is cautioned not to place undue reliance on
forward-looking statements.  


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations
King James Capital Corporation
Jeff Stuart
(604) 210-2150
jstuart@kingjamescapital.com


Goldstrike Resources Ltd.
www.GoldstrikeResources.com
www.Twitter.com/GoldstrikeRes
Goldstrike Resources (TSXV:GSR)
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