VANCOUVER, April 26 /CNW/ - JBZ Capital Inc. (TSX-V: JBZ) ("JBZ") is pleased to provide additional information in connection with its acquisition of all the issued and outstanding shares of Strata Minerals Limited ("Strata") pursuant to a previously announced share purchase agreement (the "Acquisition").  On closing of the Acquisition, Strata became a wholly-owned subsidiary of JBZ Capital.  JBZ shares will continue to trade on the TSX Venture Exchange under the ticker symbol "JBZ".  Trading of the JBZ shares will resume April 26, 2011.

Strata is an emerging, Australasia focused, agricultural nutrient company.  Based in Perth Australia, Strata is exploring for commercial scale phosphate rock mineralization deposits.  Strata also intends to broaden its focus to include other agricultural nutrients such as potash and lime.  Strata is currently working on five phosphate exploration projects comprising over 1,600 square kilometres in Western Australia and Queensland.

Strata's lead project is a 100% interest in the Mornington tenement located in Western Australia.  The Mornington project covers 347 square kilometres and is located in the southern part of the Kimberly Basin.  More information on the Mornington project can be found in the NI 43-101 which has been posted on Strata's website at www.strataminerals.com.

In conjunction with the Acquisition, JBZ's board was changed to reflect the ownership of Strata and the following directors and officers were appointed:

Peter Ellery AM, Chairman:  Mr. Ellery has 40 years experience in Western Australia resources sector. He formulated company, industry and Government policy to capitalize on Western Australia's developing economy. In 2006, Mr. Ellery received the Order of Australia awarded in recognition of services to resources industry in Western Australia. He is the former CEO of Western Australia Chamber of Minerals and Energy and is a fellow of the Public Relations Institute of Australia.

Nigel Gellard, President & CEO, Director:  Mr. Gellard has 20 years experience in resources and finance sectors. He is a former London based commercial advisor to Director of Exploration for Rio Tinto. He has senior level experience advising on commercial matters regarding Rio Tinto's activities in Europe, South America and Africa with oversight of the group risk management function. Mr. Gellard was a stockbroker with Patersons Securities and co-founder of a boutique funds manager.

Peter Kozicz, EVP & CFO, Director:  Mr. Kozicz was a Co-founder of Associated Proteins LP which was sold to Viterra Inc. in 2009.  He was then retained by Viterra as a Senior Advisor for a post-closing period of 18 months. He is the former President, CEO and Director of Mad Catz Interactive Inc.. Mr. Kozicz has held senior executive positions and directorships at various Canadian listed public companies. He holds a B.Sc. Civil Engineering and an MBA (Queen's University, Canada).

Hugh Agro, Director:  Mr. Agro is a retired mining executive. He is the former Executive Vice President, Kinross Gold. Previously, he was Vice President, Corporate Development, Placer Dome and Vice President, Investment Banking, Deutsche Bank. Mr. Agro holds a B.Sc. Mining Engineering (Queen's University, Canada) and an MBA (University of British Columbia and London Business School, UK).

Brent Lokash, Director:  Mr. Lokash is the General Counsel for Thunderbird Films Inc..  He is the former President of JBZ Capital. Previously, Mr. Lokash was President and CEO of Clearly Canadian Beverage Corporation. He is a former Director of The Neptune Society, Inc., one of the largest cremation companies in the United States. Mr. Lokash holds a Hon. B.A. (McGill University, Canada) and an L.L.B. (University of British Columbia, Canada).

Augmenting the directors and officers will be:

Stephen Swatton, Consultant:  Mr. Swatton is a geologist with more than 30 years in the global resources industry. He is a former Rio Tinto & BHP Billiton executive with multiple roles including BHP Exploration's Global Head of Business Development and Research division.  Mr. Swatton previously held CEO roles with listed junior companies and as a mining analyst with a successful Vancouver based brokerage firm.

Strata will be commencing its 2011 exploration program with field crews being mobilized by the end of May.  A stream sediment and rock chip sampling program will be completed by late September.  This will be followed by a drill program that will see up to 12 holes drilled using a heli-portable core rig.



Nigel Gellard

President, CEO and Director

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 news release.

About Strata

Strata is an emerging, Australasia focused, agricultural nutrient company.  Based in Perth Australia, Strata is exploring for commercial scale phosphate rock mineralization deposits.  Strata also intends to broaden its focus to other agricultural nutrients including potash and lime.  Armed with the objectives of becoming a supplier to the global fertilizer industry and generating wealth for its shareholders, Strata is currently working on five phosphate exploration projects in Western Australia and Queensland.

For further information on Strata Minerals, please refer to the Company website at www.strataminerals.com.

Disclaimer for Forward-Looking Information

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding the JBZ's qualifying transaction.  Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future.  Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.  No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits JBZ will obtain from them.

SOURCE JBZ Capital Inc.

For further information:

Nigel Gellard, President & CEO
Tel: +61 4 0793 8630
Email: n.gellard@strataminerals.com

Peter Kozicz, EVP & CFO
Tel: 1 905 815-9103

Profil de l'entreprise

JBZ Capital Inc.

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