Mr. David Miller reports

STRATHMORE ANNOUNCES SHARE BUY-BACK PROGRAM

Strathmore Minerals Corp.'s board of directors has authorized the purchase of up to 4.39 million of its common shares over the next 12 months by means of a share buyback program through the facilities of the TSX Venture Exchange. The board is of the opinion that the company's shares are undervalued in the market place.

Strathmore has filed a notice of intention to undertake a normal course issuer bid with the exchange for the purchase of up to 5 per cent (4.39 million common shares) of the company's issued share capital over a 12-month period commencing in not less than five days. All purchases under the buyback program will be in accordance with the rules of the exchange. Common shares purchased under the program will be cancelled. Strathmore has engaged Canaccord Genuity Corp. to undertake the share buyback program on the exchange.

The company has not purchased any of its common shares during the previous 12 months. The issuer bid is subject to the approval of the TSX Venture Exchange.