Lucky Strike Resources Ltd. Joins OTCQX and S&P Market Access Program

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/17/11 -- Lucky Strike Resources Ltd. ('Lucky Strike' or the 'Company') (TSX VENTURE: LKY)(OTCQX: LKYSF) is pleased to announce that the Company's common stock commenced trading today on the OTCQX International market, under the trading symbol 'LKYSF'. Standard and Poor's (S&P) Market Access Program is providing information about Lucky Strike via the S&P's Stock Guide database distributed electronically to virtually all major quote vendors. A full description of Lucky Strike will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in up to 38 states under their Blue Sky Laws.

Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com, www.otcmarkets.com and www.marketscope.com.

'The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors,' said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. 'We are pleased to welcome Lucky Strike Resources to OTCQX.'

Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.

Berns & Berns, Counsellors at Law will serve as Lucky Strike Resources' Principal American Liaison ('PAL') on OTCQX, responsible for providing guidance on OTCQX requirements.


About Lucky Strike Resources Ltd.

Lucky Strike Resources is a growth-focused exploration company creating shareholder value through the exploration and development of coal, minerals and energy projects in Mongolia and worldwide. Mongolia, centered between the growing consumption markets of China and Russia, holds vast, untapped, rich coal and mineral resources. Lucky Strike is focused on the acquisition of the CN Project in Central Mongolia. The Company's Management team has proven experience in the global exploration and mining industry, including in Asia.


About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) (www.otcmarkets.com/stock/128054/quote) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. The OTC Link™ platform supports an open network of competing broker-dealers that provides investors with the best prices in over 10,000 OTC securities. It categorizes the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.


About Standard & Poor

Standard & Poor's is known to investors worldwide as a leader of financial- market intelligence with offices in 23 countries and a history that dates back more than 150 years. Standard & Poor's provide investors with market intelligence in the form of credit ratings, indices, investment research and risk evaluations and solutions. Standard & Poor's is also widely known for maintaining indices of large-cap American stocks: the S&P 500. In 2007, the S&P 500 celebrated its 50th anniversary. Capturing approximately 70% of the world's capital markets, the S&P Global 1200 is a composite of 31 local markets from seven headline indices. Standard & Poor's independent equity research business is among the world's leading providers of independent investment information, offering fundamental coverage on approximately 1,600 stocks.


ON BEHALF OF LUCKY STRIKE RESOURCES LTD.

Cathy Fong, P.Eng
Chairman & CEO



The Company's shares are listed on the TSX Venture Exchange under the symbol 'LKY' and on the US OTCQX market as 'LKYSF'.

This news release may contain certain 'Forward-Looking Statements' within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

This release contains 'forward-looking statements' within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as the completion of the acquisition of the properties described above, potential future exploration activities on such properties, the completion of technical reports in respect of such properties, future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.

Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'planning', 'planned', 'expects' or 'looking forward', 'does not expect', 'continues', 'scheduled', 'estimates', 'forecasts', 'intends', 'potential', 'anticipates', 'does not anticipate', or 'belief', or describes a 'goal', or variation of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved.

Forward-looking statements are based on a number of material factors and assumptions, including the results of the Company's due diligence investigations in respect of the transaction, that the Sellers perform their obligations under the Definitive Agreements, receipt of all necessary regulatory approvals, including that of the TSX Venture Exchange, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of minerals; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:

Lucky Strike Resources Ltd.
Cathy Fong, P.Eng, Chairman & CEO
604-360-8199
778-329-1587 (FAX)
info@luckystrikeresources.com
www.luckystrikeresources.com