StrataGold enters option agreement with Mega Silver Inc.

    VANCOUVER, July 8 /CNW/ - StrataGold Corporation (SGV-TSX) is pleased to
announce that it has entered into an Option Agreement to grant Mega Silver
Inc. the exclusive right and option to acquire a 100% title and interest in
the Fisher claims located within StrataGold's 100% owned Aurex Property, Yukon

    About the Fisher Claims

    The Fisher claims represent 67 out of the 465 contiguous quartz mining
claims that make up the Aurex Property in the Mayo Mining District, 56
kilometres northeast of Mayo and 350 km due north of Whitehorse. All claims
are wholly owned by StrataGold.
    The Fisher claims cover approximately 1,620 hectares on the southeast end
of Galena Hill in the historic Keno Hill silver district that has produced
over 200 million ounces of silver. Work completed by StrataGold has outlined a
moderate silver soil geochemical anomaly (values to 2.5 g/t silver) extending
for a kilometre. Mega Silver plans to follow up the geochemical anomaly with
an induced polarization geophysical survey of the area, prospecting, trenching
and drilling.

    Terms of Option Agreement

    To fully exercise the option Mega Silver must:
    -   Incur Exploration Costs totaling $4 million over four years.
    -   Make total cash payments of $625,000 over four years to StrataGold.
    -   Issue 1 million common shares of Mega Silver over four years to
    -   In addition Mega Silver shall grant StrataGold a 2% Net Smelter
        Royalty (NSR). At any time Mega Silver may purchase 1% of the NSR by
        paying StrataGold $1 million.

    About StrataGold

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

    About Mega Silver

    Mega Silver is a well financed junior Canadian-based silver exploration
and development company with projects in Mexico, the Yukon and British
Columbia. Mega Silver is pursuing an accelerated growth strategy by
aggressively acquiring mineral exploration and development opportunities with
the potential for future resources. Full information on Mega Silver can be
found at and on the Company's website,

    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: StrataGold Corporation: Terry Tucker, President
& CEO, Vanessa Pickering, Manager, Investor Communications, Tel: (604)
696-6601, Website:, E-mail:; Mega
Silver Inc.: Ken Carter, President & CEO, Tel: (778) 331-4590, Website:, Email:

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