Strait Minerals Announces Grant of Stock Options

Strait Minerals Inc. ("Strait" or the "Corporation") (TSX VENTURE:SRD) wishes to
announce that an aggregate of 1,425,000 options to purchase common shares of the
Corporation at $0.10 per share for five (5) years have been granted to seven (7)
directors, one (1) executive officer, three (3) employees and three (3)
consultants of the Corporation.


About Strait Minerals Inc.

Strait Minerals Inc. is a Canadian mineral exploration company active solely in
Peru since 2003 and listed on the TSX Venture Exchange. It holds a 55% interest
with an option to increase that interest to 100% in the Alicia copper-gold
property which lies within the Andahuaylas-Yauri copper belt approximately 500
km southeast of Lima. Strait has granted Teck Peru S.A., a wholly owned
subsidiary of Teck Resources Limited, an option to earn up to a 75% interest in
the property by, among other things, spending $30 million on exploration or by
spending $10 million on exploration and delivering a pre-feasibility study. The
Company also holds an option to earn a 100% interest in the Caribe
copper-molybdenum property approximately 80 km west of Alicia and holds a 100%
interest in both the Letra Rumi South base metals property and the Culebrilla
precious metals property approximately 250 km north of Lima. The Company
continuously reviews exploration opportunities in Peru and is actively seeking
additional projects. Please visit our web site at www.straitminerals.com.


Forward-Looking Statement: Some of the statements contained herein may be
forward-looking statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding potential mineralization
and resources, exploration results, and future plans and objectives of the
Company are forward-looking statements that involve various risks. The following
are important factors that could cause the Company's actual results to differ
materially from those expressed or implied by such forward-looking statements:
changes in the world wide price of mineral commodities, general market
conditions, risks inherent in mineral exploration, risks associated with
development, construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital. There can be
no assurance that forward-looking statements will prove to be accurate as actual
results and future events may differ materially from those anticipated in such
statements. Strait undertakes no obligation to update such forward-looking
statements if circumstances or management's estimates or opinions should change,
except as required by law. The reader is cautioned not to place undue reliance
on such forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strait Minerals Inc.
Jim Borland
President
416-223-9970
jborland@straitminerals.com
www.straitminerals.com


Renmark Financial
Robert Thaemlitz
rthaemlitz@renmarkfinancial.com

(TSXV:SRD)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024