Strathmore Receives Milestone Payment From Juniper Ridge Property Sale

KELOWNA, BRITISH COLUMBIA -- (Marketwire) -- 11/07/11 -- STRATHMORE MINERALS CORP. (TSX: STM)(OTCQX: STHJF) ('Strathmore' or 'the Company') is pleased to announce that in accordance with the terms of the Juniper Ridge Property sale to Crosshair Energy Corporation, formerly known as Crosshair Exploration & Mining Corp., the Company has received a US $500,000 milestone payment comprised of US $250,000 in cash and 522,513 common shares of Crosshair (See press release dated November 1, 2010 for complete details of this transaction). The Crosshair common shares are subject to a four month hold period. Strathmore intends to hold these securities for investment purposes only, and may increase or decrease its holdings, in the open market, by privately negotiated agreement, or otherwise, depending on market and other conditions. Prior to this transaction, Strathmore owned or controlled no common shares of Crosshair.

With continued focus on the advancement of its core Roca Honda, New Mexico and Gas Hills, Wyoming, uranium development projects, Strathmore has several other projects located in Wyoming and New Mexico available for sale or joint venture. Property summary reports can be obtained by contacting David Miller, CEO (PG-Wyoming), at the Riverton office (T 307-856-8080) or emailing info@strathmoreminerals.com.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration, and development of uranium properties in the United States. Headquartered in Vancouver, British Columbia with a branch administrative office in Kelowna, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX under the symbol 'STM' and trade on the OTCQX International electronic trading system in the United States under the symbol 'STHJF'.

This news release may contain forward-looking statements, including statements regarding the possible sale or joint venture of certain of the Company's properties. 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. Such forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

ON BEHALF OF THE BOARD

David Miller, CEO

Contacts:

Strathmore Minerals Corp.

Craig Christy

Investor Relations

1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com