Newstrike Resources Ltd. Announces Private Placement Financing

TORONTO, Oct. 2, 2013 - Newstrike Resources Ltd. (TSX VENTURE:NR) ("Newstrike") is pleased to announce that it proposes to complete a non-brokered private placement pursuant to which it will issue a minimum of 3,000,000 and a maximum of 5,000,000 units ("Units") at a price of $0.065 per Unit to raise aggregate gross proceeds of a minimum of $195,000 and a maximum of $325,000. Each Unit will consist of one common share and one share purchase warrant of Newstrike, with each share purchase warrant entitling the holder thereof to acquire one additional common share of Newstrike for a period of 24 months at an exercise price of $0.10 per share. Insiders of Newstrike are expected to subscribe for up to 1,500,000 Units in the offering.

The private placement remains subject to the approval of the TSX Venture Exchange.


NEITHER THE 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.

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Newstrike, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.



Contact

Newstrike Resources Ltd.
Donald T. Rankin
416.628.6556