TORONTO,
June 18, 2012 /CNW/ - Strata
Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is
pleased to announce that the Government of Western Australia Department of Mines and
Petroleum (the "Department") has approved a grant to the Company in
the amount of AUD $150,000. The
funds will be advanced for drilling expenditures on the Company's
Phase 1 field work program at its 80% owned Cardabia Phosphate
Project located near Exmouth in Western
Australia. The grant program is based on the
Department and the Company co-funding drilling expenditures with
the Department's contribution capped at AUD $150,000.
Peter Kozicz,
President & CEO of Strata, stated, "The Company's application
for the grant underwent a rigorous review by the Department and we
are delighted to have been approved for the maximum amount of funds
provided under the program."
"Peter Kozicz"
President, CEO
About Strata Minerals Inc.
Strata Minerals Inc., is an emerging,
Australasia focused, agricultural nutrient company exploring for
commercial scale phosphate rock mineralization deposits.
Armed with the objectives of becoming a supplier to the global
fertilizer industry and generating wealth for its shareholders,
Strata is currently advancing its phosphate exploration projects in
Western Australia and Queensland and intends to broaden its focus to
other agricultural nutrients including potash and lime. All
references to the Company in this release include the Company's
wholly owned Australian subsidiary, Strata Minerals Limited.
For further information, please refer to the Company's website at
www.strataminerals.com.
Special Note Regarding Forward-Looking
Statements
Certain statements included herein constitute
forward-looking statements. The words "expect", "intend",
"anticipate", "propose" and "may" and similar expressions identify
forward-looking statements. Forward-looking statements include,
among other things, statements regarding the Transaction, the
operation and development of Strata's mineral properties.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions. While such estimates and assumptions are
considered reasonable by the management teams of Strata, they are
inherently subject to significant business, economic, competitive
and regulatory uncertainties and risks and accordingly may not
occur as described herein or at all. Investors are cautioned that
forward-looking statements are not guarantees of future performance
or events and, accordingly are cautioned not to put undue reliance
on forward-looking statements due to the inherent uncertainty of
such statements.
Neither the 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 news release.
SOURCE Strata Minerals Inc.