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February 19, 2008 - Vancouver, B.C. - StrataGold Corporation (SGV.TSX) is pleased to announce the commencement of the Phase I exploration program on the Monosse property, located 45 kilometres (km) due west of StrataGold's 100% owned Tassawini property in Guyana, South America. The Monosse property is subject to a 50:50 joint venture with Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation (NYSE & ASX: NEM; TSX: NMC).
Encouraging regional exploration and Diamond drill results from the 2007 exploration program at Monosse were released in the January 14, 2008 news release (www.stratagold.com). The Phase I exploration program, budgeted at C$4 million (C$2 million StrataGold, C$2 million Newmont), commenced on January 25, 2008 and will focus on expanding known gold targets through a methodical regional exploration plan. Phase I exploration will include 120 km of line cutting and the collection of 2,650 soil samples on established grids located along the Arakaka trend. The Arakaka trend is a northeast-trending mineralized and structural corridor within the Barima-Waini District of Northwestern Guyana. StrataGold and Newmont hold the dominant land position in the Arakaka region. This work will be completed in conjunction with detailed mapping, trenching and channel sampling.
In addition to the extensive regional work, Phase I exploration will target the Gomes Hill area and include 125 km of line cutting along with the collection of 2,700 soil samples. This work will be completed in conjunction with detailed mapping, trenching and channel sampling. Gold mineralization at the Gomes Hill target is structurally controlled and associated with a regional thrust fault named the Eveready structure.
Upon completion of the Gomes Hill survey, StrataGold and Newmont will have 140 sq km of continuous geochemical coverage over the entire Gomes Hill and Arakaka regions. An induced polarization (IP) geophysical survey will be conducted over selected high priority gold targets identified along the Arakaka gold trend.
Following the Phase I exploration program, the results will be reviewed by the joint venture management committee. Prospective gold targets will be prioritized and selected for Phase 2 of the exploration program which is anticipated to include Diamond drilling and further regional exploration.
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. To obtain additional information, photos, project updates and maps pertaining to this news release, please visit: www.stratagold.com.
For further information, please contact:
Mr. Terry L. Tucker, President and CEO
Ms. Vanessa Pickering, Manager, Investor Communications
StrataGold Corporation
Tel: 604-696-6601
E-mail: info@stratagold.com
Website: www.stratagold.com
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. Forward-looking statements in this document include statements regarding the Company's expectations regarding exploration activities on properties in which the Company has an interest in. 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; the possibility that required permits may not be obtained on a timely manner or at all; 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; and other risks and uncertainties discussed under the heading "Risk Factors" 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.
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