Goldstrike Closes Additional Financing to Raise $3,000,000

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/04/13 -- Goldstrike Resources Ltd. (TSX VENTURE: GSR)(PINKSHEETS: APRAF)(FRANKFURT: KCG1) is pleased to announce that its non-brokered private placement announced on February 27, 2013 completed on February 28, 2013. The Company raised gross proceeds of $1,300,000 by issuing 6,500,000 shares at the price of $0.20 per share, bringing the total amount raised during February to $3,000,000.

The Company will pay to Aberdeen Gould Capital Markets Ltd. cash compensation totaling $91,000, which is equal to 7% of the gross proceeds from the offering. In addition, the Company has issued compensation warrants exercisable to purchase up to an aggregate of 455,000 shares, which is equal to 7% of the shares issued by the Company pursuant to the offering. Each compensation warrant will be exercisable by Aberdeen to purchase one share at the price of $0.30 until the close of business on February 28, 2015. The compensation warrants are non-transferable.

All shares issued pursuant to the financing and any shares issued on the exercise of compensation warrants will be subject to a four-month hold period expiring at midnight on June 28, 2013. Proceeds from the offering will be used for exploration of the Company's Yukon mineral properties and for general working capital.

ON BEHALF OF THE BOARD

Terrence E. King

President and Chief Executive Officer

For further information, please visit Goldstrike's website at GoldstrikeResources.com or follow the Company's tweets at Twitter.com/GoldstrikeRes.

This news release may contain forward-looking statements including but not limited to comments regarding the use of proceeds from the financing, upcoming work programs, etc., which may change materially in the future. Forward-looking statements therefore involve inherent risks and uncertainties. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither 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 release.

Contacts:

King James Capital Corporation

Jeff Stuart

Investor Relations

(604) 805-0375
jstuart@kingjamescapital.com
www.GoldstrikeResources.com