VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 20, 2013) - Goldstrike Resources Ltd. (TSX VENTURE:GSR) (PINKSHEETS:APRAF) (FRANKFURT:KCG1) is pleased to announce that its non-brokered private placement announced on February 12, 2013 completed on February 19, 2013. The Company raised gross proceeds of $1,700,000 by issuing 8,500,000 shares at the price of $0.20 per share.

The Company will pay to Aberdeen Gould Capital Markets Ltd. and its selling group, in the aggregate, cash compensation totaling $106,155, which is equal to 7% of the gross proceeds from a portion of the offering. In addition, the Company has issued compensation warrants exercisable to purchase up to an aggregate of 530,775 shares, which is equal to 7% of a portion of the shares issued by the Company pursuant to the offering. Each compensation warrant will be exercisable to purchase one share at the price of $0.30 until the close of business on February 19, 2015. The compensation warrants are non-transferable.

All shares issued pursuant to the financing and any shares issued on the exercise of compensation warrants will be subject to a four-month hold period expiring at midnight on June 19, 2013. Proceeds from the offering will be used for exploration of the Company's Yukon mineral properties and for general working capital.

ON BEHALF OF THE BOARD

Terrence E. King, President and Chief Executive Officer

For further information, please visit Goldstrike's website at GoldstrikeResources.com and follow the Company's tweets at Twitter.com/GoldstrikeRes.

This news release may contain forward-looking statements including but not limited to comments regarding the use of proceeds from the financing, upcoming work programs, etc., which may change materially in the future. Forward-looking statements therefore involve inherent risks and uncertainties. The reader is cautioned not to place undue reliance on forward-looking statements.