Strathmore Updates Mine Permitting and Mill Licensing Activities at Roca Honda Uranium Development Project, New Mexico

KELOWNA, BRITISH COLUMBIA -- (Marketwire) -- 10/14/11 -- STRATHMORE MINERALS CORP. ('Strathmore' or the 'Company') (TSX: STM)(OTCQX: STHJF) is pleased to announce that the Roca Honda Resources LLC ('RHR') mine permit application technical review process and preparation of the Environmental Impact Statement ('EIS'), currently ongoing, remains on schedule. An agreement between RHR, the United States Forest Service ('USFS') and Mangi Environmental Group ('Mangi'), for a definitive schedule that commits to completing the EIS by December 2012, was recently signed by all three parties. A decision regarding the mine permit is expected shortly thereafter. In addition, RHR is developing the baseline data and is completing the engineering design for its associated mill project. A mill license application to the Nuclear Regulatory Commission ('NRC') is expected to be submitted in mid-2012.

Roca Honda, New Mexico: Strathmore 60% Sumitomo Corp (Japan) 40%

The following highlights the ongoing mine permitting and mill licensing activities in 2011:

RHR Mine Permit

--  The USFS and its contractor, Mangi, continue to work on the RHR EIS,
    which began in late 2010. The cultural resources impacts evaluation
    regarding archaeological sites within the project area is underway. The
    USFS has determined that additional testing is required at 10 of the 193
    archaeological sites inventoried to further evaluate their extent and
    determine eligibility for listing on the National Register. This field
    testing was initiated in September and will be completed before the end
    of the year. The USFS has determined that the remaining archaeological
    sites can be adequately protected by establishing separation from mining
    related activities and facilities, and by identifying sites requiring
    fencing for protection.

--  The mine dewatering permit application was submitted to the Office of
    the New Mexico State Engineer ('OSE') in September. RHR has developed a
    mine water management program acceptable to the OSE that will provide
    the discharged water as a source of irrigation for local ranches and
    other useful purposes, thereby addressing concerns over the disposition
    of this water resource.

--  RHR has completed and submitted its 60% design of the mine water
    treatment plant to the New Mexico Environment Department ('NMED') for
    its review and approval. RHR anticipates completing the 90% design by
    year end, pending results of NMED's review.

--  RHR completed its detailed Reclamation Plan and submitted it to the New
    Mexico Mining and Minerals Division ('MMD') in August.

Strathmore continues to work closely with state and federal agencies, and maintains an ongoing dialogue with members of the public, and interest groups. Progress continues with the technical review process, which will ultimately lead to the completion of the Environmental Impact Statement by December 2012.

Pena Ranch Mill Site

--  Regional water wells have been inventoried and the quarterly baseline
    sampling and analysis program has been initiated. The collection of
    other pertinent data regarding the condition of the wells continued
    throughout the summer months. Water sampling began in August. The soils
    survey report was completed, and the air quality monitoring program was
    fully established. Installation of on-site groundwater monitor wells
    (approved by the OSE) was completed in early October.

--  The Sampling and Analysis Plan for the various environmental media has
    been prepared. Preliminary draft Environmental and Technical Analysis
    Reports are in preparation.

--  Field work required to develop baseline data requirements in support of
    the mill license application is continuing. Vegetation sampling for
    radiological analysis is underway, and arrangements for obtaining tissue
    samples from cattle and game species for radiological analysis have been
    scheduled in the weeks ahead. A rigorous surface water hydrology
    analysis is being performed.

--  The 30% design of the tailings cells, evaporation pond, drainage
    collection and protection, in addition to other mill surface facilities,
    is underway.

--  Preliminary mill cost estimates and several 'toll milling' scenarios
    have been prepared and submitted to the RHR Management Committee for
    review.

At the Pena Ranch Mill Site, preparation of the NRC mill license application will continue throughout the remainder of the year and into 2012, with the goal of submitting an application by mid-2012. A meeting with the NRC is planned for November to discuss RHR's licensing activities in advance of the application submission.

Roca Honda Property

The Roca Honda Property is located in the Grants Mineral District, New Mexico. It is 60% owned by Strathmore and 40% owned by Sumitomo Corp of Japan under their jointly owned subsidiary, Roca Honda Resources LLC.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by David Miller, Chief Executive Officer for Strathmore Minerals Corp., a Qualified Person under National Instrument 43-101.

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 a U.S. based Development Office in Riverton, Wyoming and a Government, Regulatory & Environmental Affairs Office in 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 contains 'forward-looking information' that is based on Strathmore Minerals Corp.'s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Strathmore's exploration and development plans, outlook and business strategy. The words 'may', 'would', 'could', 'should', 'will', 'likely', 'expect,' 'anticipate,' 'intend', 'estimate', 'plan', 'forecast', 'project' and 'believe' or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Strathmore's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the historical resource estimates, the work expenditure commitments; the ability to raise sufficient capital to fund future exploration or development programs; changes in economic conditions or financial markets; changes in input prices; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or an inability to obtain permits required in connection with maintaining, or advancing projects; and labour relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Strathmore Minerals Corp. disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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