Strait Minerals files restated interim financial reports

TSX-V: SRD

TORONTO, Dec. 14, 2012 /CNW Telbec/ - Strait Minerals Inc. ("Strait" or "the Company") (TSXV: SRD) has recently been notified of the results of a review of its interim financial reports as at March 31, 2012, June 30, 2012, and September 30, 2012, (the "Q1, Q2 and Q3 FS", respectively), by the Ontario Securities Commission's Corporate Finance branch (the "OSC Finance branch").

The OSC Finance branch noted that the Company is required to include comparative financial information for prior periods in respect of the statement of changes in equity included in the Q1, Q2 and Q3 FS.

The Company has remedied this deficiency by amending the statement of changes in equity in the Q1, Q2 and Q3 FS; comparative information in respect of the full year 2011 has been replaced by comparative information for the relevant interim period. Revised interim financial reports for Q1, Q2 and Q3 have been filed on SEDAR.

Forward Looking Statement: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties.  Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks.  The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements.  Strait undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change, except as required by law. The reader is cautioned not to place undue reliance on such 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.

SOURCE: Strait Minerals Inc.

For further information:

Graham L. Desson - CFO
gdesson@straitminerals.com
Tel.: 416-223-9970

Renmark Financial Communications Inc.
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