Phase II drill program recommended for BRL Venture, Guyana

    VANCOUVER, Aug. 19 /CNW/ - StrataGold Corporation (SGV-TSX) is pleased to
announce that the Company and its 50% joint venture partner Newmont Overseas
Exploration Limited, a subsidiary of Newmont Mining Corporation (NYSE & ASX:
NEM; TSX: NMC), have selected targets for a 2,000-metre drill program on the
BRL Venture, in Northwestern Guyana with drilling anticipated to commence
shortly. The BRL Venture is building on the success of the Phase I exploration
program, and remains focused on the discovery of gold deposits in this
emerging gold district located in northwest Guyana. The exploration program is
managed by StrataGold and funded equally by StrataGold and Newmont.
    "We are pleased by the results of the Phase I exploration program and
look forward to continued success in phase II," said Mr. Terry Tucker,
President and CEO of StrataGold Corporation. "We are optimistic that we have
an exciting opportunity for new gold discoveries in this emerging gold
    A series of gold targets have now been identified on the (greater
than)32,000 hectare Monosse property, all of which are characterized by
coincident geophysical, geological and geochemical anomalies. The three key
targets identified for drilling, Arakaka Trend, Aviao and Gomes, were defined
during an extensive exploration program (in excess of $10M in expenditures)
that has been ongoing since 2006. Each of the anomalies is accessible by all
weather roads and is located in close proximity to the Monosse base camp, the
villages of Matthew's Ridge and Arakaka, and near the deep-water port of Port

    Arakaka Trend

    The Arakaka Gold District, extends from Monosse northeast to White Creek,
represents one of the most under-explored gold districts in the entire Guiana
Shield. Within this district, multiple gold targets have been identified along
the Arakaka Trend which has a strike-length of more than 20 kilometres (km).
Several drill targets have been characterized by highly sheared iron rich
diorite intrusions that are capped by carbonaceous metasediments where there
is a strong spatial relationship between the location of the diorite
intrusions and significant gold mineralization. Geologically, diorites are
amongst the best host rocks for orogenic gold deposits around the world.


    The Aviao anomaly is a significant WNW striking gold soil geochemistry
anomaly that coincides with carbonaceous sedimentary rocks and sheared
diorites. The soil anomaly appears to be related to zones of quartz veining
hosted within the diorites and is well defined by (greater than) 200 ppb gold
in soil anomaly measuring 1,800 m in strike and 260 m in width. Trenching,
channel sampling, detailed mapping and an IP geophysical survey is currently
being completed in advance to the upcoming diamond drilling program.


    Gold mineralization at Gomes is associated with disseminated arsenopyrite
within an abundance of multi-stage quartz veins in highly altered silicified
diorite intrusive rocks which have been subjected to intense shearing along
the regional Eveready structure. Soil geochemistry surveys covering the
Eveready structure have defined multiple individual gold geochemistry
anomalies over a strike-length of 7 km. Diamond drilling to test gold in soil
anomaly associated with the Eveready structure in 2007 returned a number of
important results. (See news release dated May 1, 2007). The Phase I
exploration program has defined multiple gold anomalies associated with the
Eveready structure which will be subjected to further trenching and possibly
diamond drilling in 2008.

    About the StrataGold/Newmont BRL Venture

    In July 2005, StrataGold acquired the exclusive right to conduct regional
exploration for two years within the 4,500 square km Barama Reconnaissance
Permit (BRP). In October 2005, StrataGold and Newmont entered into a joint
venture to equally fund exploration within the BRP on a 50% - 50% basis. At
the end of the two years, StrataGold and Newmont were allowed an extension by
the Guyana Geology and Mines Commission (GGMC) to continue exploration for one
more year on the BRP. At the expiry of the BRP on July 14, 2008, StrataGold
and Newmont had the right to select twenty Prospecting Licenses (PL's), each
up to 51.8 sq km in size, for gold and/or other valuable minerals.
    A compilation of the exploration work completed between 2005-2008,
resulted in StrataGold and Newmont applying for an additional ten PL's. A
total of 16 option agreements have been signed with existing land owners by
StrataGold Guyana Inc. during this time. StrataGold and Newmont now hold the
dominant land position within the Arakaka Gold District.

    About StrataGold Corporation

    StrataGold is a gold development company focused on the systematic
exploration and development of two advanced-stage gold projects, Dublin Gulch,
including the Eagle Zone and Mar-Tungsten Deposits, Tassawini and the BRL
Venture with Newmont in Guyana. To obtain additional information, photos,
project updates and maps pertaining to this news release, please visit:

    Statement Regarding Forward Looking Statements

    This news release of StrataGold Corporation (the "Company") contains
statements that constitute "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause our actual results, performance or achievements, or
developments in our industry, to differ materially from the anticipated
results, performance or achievements expressed or implied by such
forward-looking statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the
words "expects," "plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or conditions
"will," "would," "may," "could" or "should" occur. Information inferred from
the interpretation of drilling results and information concerning mineral
resource estimates may also be deemed to be forward looking statements, as
such information constitutes a prediction of what might be found to be present
when and if a project is actually developed. Forward-looking statements in
this document include statements regarding: the Company's expectations
regarding drilling and exploration activities on properties in which the
Company has an interest; and the Company's statements regarding estimates of
resources on properties in which the Company has an interest. There can be no
assurance that such statements will prove to be accurate. Actual results and
future events could differ materially from those anticipated in such
statements, and readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of their respective dates.
Important factors that could cause actual results to differ materially from
the Company's expectations include among others, risks related to fluctuations
in mineral prices; uncertainties related to raising sufficient financing to
fund planned work in a timely manner and on acceptable terms; changes in
planned work resulting from weather, logistical, technical or other factors;
the possibility that results of work will not fulfill expectations and realize
the perceived potential of the Company's properties; uncertainties involved in
the estimation of resources; the possibility that required permits may not be
obtained on a timely manner or at all; the possibility that capital and
operating costs may be higher than currently estimated and may preclude
commercial development or render operations uneconomic; the possibility that
the estimated recovery rates may not be achieved; risk of accidents, equipment
breakdowns and labour disputes or other unanticipated difficulties or
interruptions; the possibility of cost overruns or unanticipated expenses in
the work program; the risk of environmental contamination or damage resulting
from the Company's operations; risks associated with title to mineral
properties; and other risks and uncertainties discussed under the heading
"Risk Factors" in Section 5.2 of the Company's Annual Information Form filed
on SEDAR and elsewhere in the Company's documents filed from time to time with
the Toronto Stock Exchange and Canadian securities regulators. These
statements are based on a number of assumptions, including assumptions
regarding general market conditions, the availability of financing for
proposed transactions and programs on reasonable terms, and the ability of
outside service providers to deliver services in a satisfactory and timely
manner. Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are made.
Except as expressly required by applicable securities laws, the Corporation
undertakes no obligation to update these forward-looking statements in the
event that management's beliefs, estimates or opinions, or other factors,
should change.

For further information:

For further information: Terry Tucker, President & CEO; Vanessa
Pickering, Manager, Investor Communications; Tel: (604) 696-6601, Website:, E-mail:

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