Strathmore Minerals Corp.

Strathmore Minerals Corp.
312 - 1708 Dolphin Avenue
Kelowna, BC, Canada
V1Y 9S4
Tel: 250.868.8445  Fax: 250.979.6363
Web: www.strathmoreminerals.com

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Exchange TSX
Exchange Symbol VGM
OTCQX Symbol STHJF
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Share Capital

Share Structure as of: February 2013
Issued & Outstanding: 123.7 million
Fully Diluted Shares: 137.3 million

Investor Relations Contacts

Craig Christy, MA
Corporate Secretary & IR
Strathmore Minerals Corp.

250.868.8445
info@strathmoreminerals.com

Jeremy Hill
Account Manager
CHF Investor Relations

416.868.1079 x 238
jeremy@chfir.com

Content last updated on 03.07.13

Strathmore Minerals Corp. (TSX:STM, OTCQX:STHJF) is a Canadian based mineral development company with a diverse property portfolio in New Mexico and Wyoming. In 2012, the Company will advance permitting for its two core uranium development projects: Roca Honda NM and Gas Hills WY, and begin evaluating the Copper King Au-Cu project in Wyoming.

Strathmore’s goal is to become a leading uranium producer in the United States.

Read Strathmore's Article in CHF Spotlight, Issue 74

Highlights 
  • Founded as a uranium company in 1996; executed its property acquisition strategy when uranium was between US$7-15 lb.
  • One of the largest owners of in-ground uranium resources in the United States.
  • Management & Technical team have 200+ years combined uranium experience.
  • Key projects located in two of the largest historical uranium mining districts in the United States: Grants, New Mexico and Gas Hills, Wyoming.
  • Korea Electric Power Corp. (KEPCO) owns an 11.8% equity stake in the Company and optioned the Gas Hill Uranium project in Wyoming . In 2012, up to $8 million budgeted for drilling and ongoing permitting.
  • In 2007, completed JV with Sumitomo (Japan) to co-develop the premiere Roca Honda deposit, New Mexico. (STM 60%/Sumitomo 40%). Mine.
  • In 2012, Roscoe Postle completed Roca Honda Preliminary Economic Assessment (PEA). NPV US $220 Million (8% Discount) 19.2% IRR using US $75/lb U3O8 EIS to be completed Q4 2012. Mine Permit decision expected in 2013. NRC mill license application under preparation.
  • Acquired Copper King Au-Cu project in Wyoming. Positive PEA received.
  • Holds 5% production royalty in AUC LLC Pine Tree-Reno Creek, ISR project & 4% production royalty in several state leases in Peninsula Energy’s Lance ISR project, both in Wyoming.
  • Completed spin-out of Canadian properties to shareholders (Fission Energy) — July 2007.
Key Properties

Roca Honda Resources LLC

Strathmore 60% / Sumitomo 40%

Roca Honda, New Mexico, is a “Company Maker” project. It is one of the largest and highest grade pro-posed uranium mines in the USA in over thirty years. Development is subject to obtaining the necessary regulatory approvals and a positive production decision. A mine permit application was submitted in October 2009. The Environmental Impact Statement is under preparation and is scheduled to be completed by mid-2013. A mine permit decision is expected in late-2013. A positive PEA and updated resource was recently completed by Roscoe Postle Associates, Inc.

Gas Hills – WY

Strathmore 100% -KEPCO 40% earn-in

In February 2012, Korea Electric Power Corp. (KEPCO) optioned the Gas Kills uranium development project and can earn-in a 40% interest by spending $US32 million over a three year period beginning in 2013. Up to US$8 million has been budgeted for drilling at Beaver Rim & ongoing permitting activities in 2012.

The Gas Hills Uranium District is located 45 miles east of Riverton Wyoming, home of the Company’s US exploration and development office. The majority of the production in this area was from conventional open-pit mining between 1957-1989.

Strathmore and Cameco are the dominant land holders in the Gas Hills. Strathmore’s property holdings exceed 35,000 acres, including 16,000 acres in the highly prospective, unexplored Beaver Rim, to the south off the Main Gas Hills area. Primary focus to date has been in the Main Gas Hill where the Company plans to sequentially develop several near surface open pits, subject to obtaining the necessary mining permits and other regulatory approvals.

The uranium is hosted within roll-front sandstone deposits of the Eocene Wind River Formation. The historical resource for the Gas Hills Properties is 10.8 million tons at an average grade of 0.08% U308 for a total of 16.2 million pounds (Not NI 43-101 Compliant)*.

In August 2010, comprehensive data libraries for several of the known deposits were acquired. Confirmation and exploration drilling was conducted in 2011-2012. Monitor wells for water quality data collection were also installed. A new NI 43-101 technical report was completed in August.

Significant infrastructure exists on or near the Gas Hills properties, and Rio Tinto’s Sweetwater Mill is located approximately 70 miles from the project. Alternatively, evaluation of a nearby former historic mill site to determine the feasibility of a new mill or heap leach facility is underway.

Mine permit application submitted in Q4 2012. NI 43-101 resource update forthcoming.

Copper King Au-Cu Project, Wyoming

Copper King Project, Wyoming, NI 43-101 Resource Estimate:

Positive Preliminary Economic Assessment (PEA) Received (August 2012)

“ Using Base Case US $1,100 /oz Gold Price and US $3.00/lb achieves 31.2% IRR and pre-tax $ US 159 Million NPV (5% Discount) including 5% State Royalty.

Capital Cost Estimate US $104 Million with an approximate 2.4 Year Payback

Strathmore cautions that the PEA is preliminary in nature and includes inferred resources that are considered to be too speculative geologically for economic consideration that would enable them to be classified as mineral reserves. There is no certainty that the PEA will be realized.

Disclaimer

The historical estimates presented herein were completed prior to the implementation of the NI 43-101 policy. Given the quality of the historic work completed, the Company believes the resource estimates to be both relevant and reliable. However, a qualified person has not completed sufficient work to classify the historic resources as current mineral resources; and is not treating the historic estimates as current. Hence, they should not be relied upon. It should be noted that mineral resources, which are not mineral reserves do not have demonstrated economic viability under NI 43-101. The technical information herein has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed by David Miller, CEO for Strathmore Minerals Corp., PG 363 Wyoming and Society for Mining, Metallurgy & Exploration Reg. Member 2205106RM, a Qualified Person under NI 43-101. This profile may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. See www.strathmoreminerals.com for more information.

Management & Directors

David Miller, CEO, Director

Steve Khan, Chairman, President, Director

John DeJoia. Senior Vice President, New Mexico Operations

Jim Crouch, Vice President, Wyoming Operations

Juan Velasquez, VP Regulatory Affairs

Patrick Groening, Chief Financial Officer

Craig Christy, Secretary & Investor Relations

Dr. Dieter Krewedl, Director

Ralph J. Goehring, Director

Timothy M. Janke, Director

Dr. Hans von Michaelis, Executive Advisory Board

Michael Halvorson, Executive Advisory Board