Goldstrike Increases Raise to $3 Million Due to Additional Demand

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2013) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(PINKSHEETS:APRAF)(FRANKFURT:KCG1) is pleased to announce that it has secured equity financing from an institution in the amount of $1,300,000, in addition to the $1,700,000 financing which completed on February 19, 2013, bringing the total amount raised to $3,000,000.

The additional financing, which is being carried out by way of a non-brokered private placement of common shares at the price of $0.20 per share, is fully funded and will complete as soon as the required filing has been accepted by the TSX Venture Exchange. It was arranged through Aberdeen Gould Capital Markets Ltd., an Exempt Market Dealer. Pursuant to its agreement with Aberdeen, the Company will pay cash compensation equal to 7% of the gross proceeds from the offering and, in addition, issue compensation warrants exercisable to purchase that number of shares which is equal to 7% of the number of shares issued by the Company on closing. Each compensation warrant will be exercisable for two years after closing to purchase one share for $0.30.

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 from the closing date. Proceeds from the offering will be used for exploration of the Company's Yukon mineral properties and for general working capital. The proposed private placement and compensation arrangements are subject to TSX Venture Exchange acceptance.

ON BEHALF OF THE BOARD

Terrence E. King

President and Chief Executive Officer

For further information, please visit Goldstrike's website at GoldstrikeResources.com or 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.