August 19, 2008-Vancouver, BC-StrataGold Corporation (SGV-TSX) is pleased to announce that the Company and its 50% joint venture partner Newmont Overseas Exploration Limited, a subsidiary of Newmont Mining Corporation (NYSE & ASX: NEM; TSX: NMC), have selected targets for a 2,000-metre drill program on the BRL Venture, in Northwestern Guyana with drilling anticipated to commence shortly. The BRL Venture is building on the success of the Phase I exploration program, and remains focused on the discovery of gold deposits in this emerging gold district located in northwest Guyana. The exploration program is managed by StrataGold and funded equally by StrataGold and Newmont.

"We are pleased by the results of the Phase I exploration program and look forward to continued success in phase II," said Mr. Terry Tucker, President and CEO of StrataGold Corporation. "We are optimistic that we have an exciting opportunity for new gold discoveries in this emerging gold district."

A series of gold targets have now been identified on the >32,000 hectare Monosse property, all of which are characterized by coincident geophysical, geological and geochemical anomalies. The three key targets identified for drilling, Arakaka Trend, Aviao and Gomes, were defined during an extensive exploration program (in excess of $10M in expenditures) that has been ongoing since 2006. Each of the anomalies is accessible by all weather roads and is located in close proximity to the Monosse base camp, the villages of Matthew's Ridge and Arakaka, and near the deep-water port of Port Kaituma.

Arakaka Trend

The Arakaka Gold District, extends from Monosse northeast to White Creek, represents one of the most under-explored gold districts in the entire Guiana Shield. Within this district, multiple gold targets have been identified along the Arakaka Trend which has a strike-length of more than 20 kilometres (km). Several drill targets have been characterized by highly sheared iron rich diorite intrusions that are capped by carbonaceous metasediments where there is a strong spatial relationship between the location of the diorite intrusions and significant gold mineralization. Geologically, diorites are amongst the best host rocks for orogenic gold deposits around the world.

Aviao

The Aviao anomaly is a significant WNW striking gold soil geochemistry anomaly that coincides with carbonaceous sedimentary rocks and sheared diorites. The soil anomaly appears to be related to zones of quartz veining hosted within the diorites and is well defined by > 200 ppb gold in soil anomaly measuring 1,800 m in strike and 260 m in width. Trenching, channel sampling, detailed mapping and an IP geophysical survey is currently being completed in advance to the upcoming diamond drilling program. 

Gomes

Gold mineralization at Gomes is associated with disseminated arsenopyrite within an abundance of multi-stage quartz veins in highly altered silicified diorite intrusive rocks which have been subjected to intense shearing along the regional Eveready structure. Soil geochemistry surveys covering the Eveready structure have defined multiple individual gold geochemistry anomalies over a strike-length of 7 km. Diamond drilling to test gold in soil anomaly associated with the Eveready structure in 2007 returned a number of important results. (See news release dated May 1, 2007). The Phase I exploration program has defined multiple gold anomalies associated with the Eveready structure which will be subjected to further trenching and possibly diamond drilling in 2008.

About the StrataGold/Newmont BRL Venture

In July 2005, StrataGold acquired the exclusive right to conduct regional exploration for two years within the 4,500 square km Barama Reconnaissance Permit (BRP). In October 2005, StrataGold and Newmont entered into a joint venture to equally fund exploration within the BRP on a 50% - 50% basis. At the end of the two years, StrataGold and Newmont were allowed an extension by the Guyana Geology and Mines Commission (GGMC) to continue exploration for one more year on the BRP. At the expiry of the BRP on July 14, 2008, StrataGold and Newmont had the right to select twenty Prospecting Licenses (PL's), each up to 51.8 sq km in size, for gold and/or other valuable minerals.

A compilation of the exploration work completed between 2005-2008, resulted in StrataGold and Newmont applying for an additional ten PL's. A total of 16 option agreements have been signed with existing land owners by StrataGold Guyana Inc. during this time. StrataGold and Newmont now hold the dominant land position within the Arakaka Gold District.

About StrataGold Corporation

StrataGold is a gold development company focused on the systematic exploration and development of two advanced-stage gold projects, Dublin Gulch, including the Eagle Zone and Mar-Tungsten Deposits, Tassawini and the BRL Venture with Newmont in Guyana. To obtain additional information, photos, project updates and maps pertaining to this news release, please visit: www.stratagold.com.

For further information, please contact:
Terry Tucker, President and CEO
Vanessa Pickering, Manager, Investor Communications 
Tel: 604-696-6601
Website: www.stratagold.com
Email: info@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. 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.