Press Release Source: StrikePoint Gold Inc. On Tuesday March 22, 2011, 6:30 am EDT
(TSXV: SKP) (OTCQX: STKXF)
CALGARY, March 22 /CNW/ - StrikePoint Gold (TSXV:SKP.V) (Other OTC:STKXF.PK) announces that it will not acquire an interest in the Poundmaker property not having completed the 2010 and 2011 expenditures required to earn an interest in the property. Wildcat Exploration Ltd. (TSXV: WEL) has been advised of this decision and both companies are working cooperatively to transfer technical data and assessment work documentation to maintain the claims in good standing. The Poundmaker Property was being explored under the provisions of an option agreement with Wildcat Exploration (See Press Release February 26, 2010).
StrikePoint's decision to limit optional expenditures were external to the merits of the Poundmaker property, namely the decision to focus on the Strike Point Property joint venture with San Gold Corporation (TSX: SGR); other 100% owned properties in the Rice Lake gold belt, and on the Dufferin Mine project in Nova Scotia.
This press release has been reviewed by Daniel A. Beauchamp, B.Sc., P.Geol., StrikePoint Gold's Qualified Person under National Instrument 43-101.
