TORONTO, Feb. 16, 2012 /CNW/ - Strata Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") announces that it has relinquished the Mornington tenement. This decision was based on the results of the 2011 fieldwork undertaken on the property and the need to re-prioritize the Company's projects following the acquisition of the Cardabia Project announced on February 7, 2012. In addition to the Cardabia Project, Strata continues to hold a portfolio of four prospective phosphate projects comprised of Collison and Savory Basin in Western Australia and Tickalara North and South in Queensland. Strata is currently developing field programs for its properties for the upcoming 2012 exploration season.
About Strata Minerals Inc.
Strata Minerals Inc. is an emerging, Australasia focused, agricultural nutrient company exploring for commercial scale phosphate rock mineralization deposits. Armed with the objectives of becoming a supplier to the global fertilizer industry and generating wealth for its shareholders, Strata is currently advancing its phosphate exploration projects in Western Australia and Queensland and intends to broaden its focus to other agricultural nutrients including potash and lime. For further information, please refer to the Company's website at www.strataminerals.com.
Special Note Regarding Forward-Looking Statements
Certain statements included herein constitute forward-looking statements. The words "expect", "intend", "anticipate", "propose" and "may" and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding the Transaction, the operation and development of Strata's mineral properties. Forward-looking statements are necessarily based upon a number of estimates and assumption. While such estimates and assumptions are considered reasonable by the management teams of Strata, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks and accordingly may not occur as described herein or at all. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.
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.
For further information:
Nigel Gellard, President & CEO
Tel: +61 4 0793 8630
Email: [email protected]
Peter Kozicz, EVP & CFO
Tel: 1 905 815-9103
Email: [email protected]