GOLDSTRIKE ANNOUNCES $1,477,875.30 PRIVATE PLACEMENT

June 13, 2012 – Goldstrike Resources Ltd. (GSR.V) is pleased to announce that it has raised $1,477,875.30 by way of non-brokered private placement on the following terms pursuant to arrangements with Aberdeen Gould Capital Markets Ltd., an Exempt Market Dealer:

750,000 units at the price of $0.75 per unit to raise gross proceeds of $562,500.00. Each unit will be comprised of one flow-through common share and one non-flow-through common share, with $0.40 of the subscription price allocated to the flow-through share and the other $0.35 of the subscription price allocated to the non-flow-through share.

2,615,358 units at the price of $0.35 per unit to raise gross proceeds of $915,375.30. Each unit will be comprised of one common share and one-half of a share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share at the price of $0.80 for a period of two years after Closing, subject to acceleration at the Company’s option if its shares close at $1.20 or higher for ten (10) consecutive trading days at any time after four months after Closing.

The net proceeds from the financing will be used to fund the Company’s 2012 exploration program on its Yukon mineral properties, including a drilling program, and for general working capital. The Company has agreed to pay finder’s fees in respect of the financing, in cash and securities, in accordance with the policies of the TSX Venture Exchange. The proposed private placement and finder’s fees are subject to TSX Venture Exchange acceptance. All shares issued pursuant to the offering, and any shares issued pursuant to the exercise of warrants, will be subject to a four-month hold period from the Closing date.

Goldstrike is a well-financed mineral exploration company with multiple discrete exploration projects in the Yukon. For more detailed information on the Company and its projects, please refer to Goldstrike's web site at goldstrikeresources.com.

ON BEHALF OF THE BOARD

Terrence E. King

President & CEO

For further information, please visit the company’s website at GoldstrikeResources.com or contact Jeff Stuart of King James Capital Corporation, handling Investor Relations for the Company, by telephone at (604) 805-0375 or by email at jstuart@kingjamescapital.com.

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.